Booking Holdings Inc. $BKNG Shares Acquired by Stableford Capital II LLC

Stableford Capital II LLC lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4,027.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,201 shares of the business services provider’s stock after acquiring an additional 5,075 shares during the quarter. Stableford Capital II LLC’s holdings in Booking were worth $927,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Daytona Street Capital LLC purchased a new position in Booking in the fourth quarter valued at $27,000. Legacy Bridge LLC purchased a new stake in Booking during the 4th quarter worth about $27,000. Camelot Portfolios LLC purchased a new stake in Booking during the 4th quarter worth about $27,000. Osbon Capital Management LLC acquired a new stake in Booking in the 4th quarter valued at about $27,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in Booking in the 4th quarter valued at about $27,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Booking

In related news, Director Robert J. Mylod, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $200.00, for a total value of $1,000,000.00. Following the completion of the transaction, the director directly owned 16,000 shares of the company’s stock, valued at $3,200,000. This represents a 23.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the transaction, the director owned 16,508 shares in the company, valued at $3,169,536. This represents a 6.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 68,625 shares of company stock valued at $11,445,375. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Weiss Ratings raised Booking from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. BMO Capital Markets reduced their target price on shares of Booking from $248.00 to $240.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Jefferies Financial Group raised their target price on shares of Booking from $180.00 to $190.00 and gave the company a “hold” rating in a report on Tuesday, July 14th. Gordon Haskett lifted their price target on shares of Booking from $217.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Booking from $210.00 to $202.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $227.23.

Booking Price Performance

Shares of NASDAQ BKNG opened at $192.71 on Tuesday. The business has a 50-day moving average of $176.34 and a two-hundred day moving average of $176.70. The company has a market capitalization of $149.33 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 1.21 and a beta of 1.07. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $231.80.

Booking Profile

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.