Leith Wheeler Investment Counsel Ltd. Has $4.07 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Leith Wheeler Investment Counsel Ltd. lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) by 31.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,019 shares of the business services provider’s stock after buying an additional 486 shares during the quarter. Leith Wheeler Investment Counsel Ltd.’s holdings in Booking were worth $4,069,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of BKNG. Longview Partners Guernsey LTD acquired a new stake in shares of Booking during the 3rd quarter worth approximately $452,154,000. Public Investment Fund acquired a new stake in shares of Booking during the 2nd quarter worth approximately $373,371,000. Arrowstreet Capital Limited Partnership grew its position in shares of Booking by 3,557.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 142,166 shares of the business services provider’s stock worth $333,870,000 after buying an additional 138,279 shares during the period. Great West Life Assurance Co. Can acquired a new stake in shares of Booking during the 3rd quarter worth approximately $146,280,000. Finally, Pacer Advisors Inc. grew its position in shares of Booking by 6,440.6% during the 3rd quarter. Pacer Advisors Inc. now owns 83,000 shares of the business services provider’s stock worth $136,386,000 after buying an additional 81,731 shares during the period. Institutional investors and hedge funds own 89.23% of the company’s stock.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 35 shares of Booking stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $2,297.91, for a total value of $80,426.85. Following the completion of the sale, the director now owns 723 shares of the company’s stock, valued at approximately $1,661,388.93. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Booking news, CEO Glenn D. Fogel sold 1,400 shares of the stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $2,320.41, for a total value of $3,248,574.00. Following the sale, the chief executive officer now directly owns 43,804 shares in the company, valued at approximately $101,643,239.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 35 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $2,297.91, for a total transaction of $80,426.85. Following the completion of the sale, the director now owns 723 shares in the company, valued at $1,661,388.93. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,098 shares of company stock valued at $7,278,014. 0.13% of the stock is owned by insiders.

Booking Stock Performance

BKNG traded up $0.94 during trading hours on Friday, hitting $2,440.85. The stock had a trading volume of 798,893 shares, compared to its average volume of 333,451. The company’s fifty day simple moving average is $2,432.29 and its 200 day simple moving average is $2,081.93. Booking Holdings Inc. has a 1 year low of $1,616.85 and a 1 year high of $2,630.00. The stock has a market cap of $91.90 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 1.15 and a beta of 1.31. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 4.56.

Booking (NASDAQ:BKNG – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The business services provider reported $24.74 earnings per share for the quarter, topping the consensus estimate of $20.97 by $3.77. Booking had a return on equity of 107.86% and a net margin of 17.89%. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same quarter last year, the firm posted $15.83 EPS. The firm’s revenue for the quarter was up 35.8% on a year-over-year basis. Equities analysts anticipate that Booking Holdings Inc. will post 127.01 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Booking from $2,250.00 to $2,630.00 and gave the stock a “neutral” rating in a research report on Friday, February 24th. UBS Group increased their target price on Booking from $2,785.00 to $2,900.00 and gave the stock a “buy” rating in a report on Friday, February 24th. Piper Sandler increased their target price on Booking from $2,050.00 to $2,524.00 and gave the stock a “neutral” rating in a report on Friday, February 24th. Deutsche Bank Aktiengesellschaft increased their target price on Booking from $2,370.00 to $2,910.00 and gave the stock a “buy” rating in a report on Monday, February 13th. Finally, Wolfe Research cut Booking from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 7th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average price target of $2,675.16.

About Booking

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Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.