Meadowbrook Wealth Management LLC Boosts Stock Position in Booking Holdings Inc. $BKNG

Meadowbrook Wealth Management LLC boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2,042.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,000 shares of the business services provider’s stock after purchasing an additional 2,860 shares during the quarter. Meadowbrook Wealth Management LLC’s holdings in Booking were worth $548,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RDA Financial Network boosted its stake in shares of Booking by 2,486.3% during the 2nd quarter. RDA Financial Network now owns 1,319 shares of the business services provider’s stock worth $235,000 after purchasing an additional 1,268 shares during the last quarter. Dogwood Wealth Management LLC grew its holdings in shares of Booking by 6,300.0% during the second quarter. Dogwood Wealth Management LLC now owns 192 shares of the business services provider’s stock worth $34,000 after buying an additional 189 shares in the last quarter. Trilogy Capital Inc. acquired a new position in shares of Booking in the second quarter valued at approximately $4,252,000. Acima Private Wealth LLC raised its position in shares of Booking by 2,400.0% in the second quarter. Acima Private Wealth LLC now owns 8,100 shares of the business services provider’s stock valued at $1,444,000 after buying an additional 7,776 shares during the last quarter. Finally, Box Hill Private Wealth LLC lifted its stake in shares of Booking by 2,305.3% during the second quarter. Box Hill Private Wealth LLC now owns 1,804 shares of the business services provider’s stock valued at $322,000 after buying an additional 1,729 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Booking news, VP Peter J. Millones sold 62,500 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the transaction, the vice president owned 425,075 shares of the company’s stock, valued at $69,572,025.25. This trade represents a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 5,000 shares of Booking stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $200.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the director owned 16,000 shares in the company, valued at approximately $3,200,000. This trade represents a 23.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 68,625 shares of company stock valued at $11,445,375. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BKNG. Wedbush assumed coverage on shares of Booking in a research report on Thursday, July 16th. They set an “outperform” rating and a $211.00 target price on the stock. JPMorgan Chase & Co. cut their price target on Booking from $224.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Royal Bank Of Canada reduced their price target on Booking from $244.00 to $220.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Jefferies Financial Group raised their price objective on Booking from $180.00 to $190.00 and gave the stock a “hold” rating in a report on Tuesday, July 14th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Booking in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $227.23.

Booking Stock Performance

BKNG opened at $192.71 on Tuesday. The company’s 50 day simple moving average is $176.34 and its 200 day simple moving average is $176.70. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $231.80. The stock has a market capitalization of $149.33 billion, a PE ratio of 25.35, a P/E/G ratio of 1.21 and a beta of 1.07.

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.