NEOS Investment Management LLC Buys 3,106 Shares of Booking Holdings Inc. $BKNG

NEOS Investment Management LLC lifted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 38.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,159 shares of the business services provider’s stock after acquiring an additional 3,106 shares during the period. NEOS Investment Management LLC’s holdings in Booking were worth $60,250,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Booking in the second quarter worth $2,210,917,000. Laurel Wealth Advisors LLC increased its position in shares of Booking by 578,824.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 289,462 shares of the business services provider’s stock valued at $1,675,765,000 after buying an additional 289,412 shares in the last quarter. Vestor Capital LLC raised its stake in Booking by 658,925.0% during the 2nd quarter. Vestor Capital LLC now owns 105,444 shares of the business services provider’s stock worth $610,441,000 after buying an additional 105,428 shares during the period. Symphony Financial Ltd. Co. acquired a new stake in Booking during the 2nd quarter worth $536,675,000. Finally, Rakuten Investment Management Inc. bought a new position in Booking during the third quarter worth about $468,252,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BKNG. Wedbush lowered their price target on Booking from $6,000.00 to $5,500.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Cantor Fitzgerald boosted their price objective on Booking from $5,550.00 to $5,830.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Wall Street Zen raised Booking from a “hold” rating to a “buy” rating in a research note on Sunday, January 4th. Seaport Research Partners raised their target price on shares of Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, BTIG Research reiterated a “buy” rating and issued a $6,250.00 price target on shares of Booking in a report on Friday. Twenty-eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $6,171.56.

Booking Stock Down 0.4%

NASDAQ:BKNG opened at $4,140.60 on Tuesday. Booking Holdings Inc. has a twelve month low of $4,071.60 and a twelve month high of $5,839.41. The business has a 50 day moving average price of $5,098.76 and a two-hundred day moving average price of $5,216.87. The company has a market cap of $133.45 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 0.89 and a beta of 1.21.

Insider Transactions at Booking

In other news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $5,191.15, for a total transaction of $77,867.25. Following the completion of the transaction, the director directly owned 687 shares in the company, valued at $3,566,320.05. This represents a 2.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 953 shares of Booking stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $5,181.34, for a total value of $4,937,817.02. Following the completion of the sale, the chief executive officer directly owned 19,615 shares in the company, valued at approximately $101,631,984.10. This represents a 4.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,096 shares of company stock worth $11,120,014 in the last three months. Insiders own 0.16% of the company’s stock.

About Booking

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.