Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) by 25.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 343 shares of the business services provider’s stock after selling 118 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Booking were worth $564,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of BKNG. Activest Wealth Management bought a new stake in Booking in the third quarter valued at approximately $25,000. Chilton Capital Management LLC purchased a new stake in shares of Booking in the second quarter worth $26,000. St. James Investment Advisors LLC grew its stake in shares of Booking by 50.0% in the third quarter. St. James Investment Advisors LLC now owns 21 shares of the business services provider’s stock worth $35,000 after acquiring an additional 7 shares during the last quarter. Hexagon Capital Partners LLC boosted its position in shares of Booking by 188.9% during the third quarter. Hexagon Capital Partners LLC now owns 26 shares of the business services provider’s stock valued at $43,000 after buying an additional 17 shares during the last quarter. Finally, Mach 1 Financial Group LLC purchased a new position in Booking in the third quarter worth about $47,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.
Insider Buying and Selling
In related news, CEO Glenn D. Fogel sold 1,400 shares of the company’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $2,320.41, for a total value of $3,248,574.00. Following the completion of the transaction, the chief executive officer now owns 43,804 shares of the company’s stock, valued at approximately $101,643,239.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Booking news, Director Radakovich Lynn Vojvodich sold 35 shares of the stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $1,966.84, for a total transaction of $68,839.40. Following the completion of the transaction, the director now owns 758 shares of the company’s stock, valued at $1,490,864.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the chief executive officer now directly owns 43,804 shares of the company’s stock, valued at approximately $101,643,239.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,120 shares of company stock valued at $4,893,155. 0.13% of the stock is owned by company insiders.
Booking Stock Performance
Booking (NASDAQ:BKNG – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The business services provider reported $24.74 earnings per share for the quarter, topping analysts’ consensus estimates of $20.97 by $3.77. The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Booking had a return on equity of 107.86% and a net margin of 17.89%. Booking’s quarterly revenue was up 35.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $15.83 EPS. Sell-side analysts anticipate that Booking Holdings Inc. will post 123.33 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
BKNG has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on Booking from $2,050.00 to $2,400.00 and gave the company an “equal weight” rating in a research note on Thursday, January 19th. JPMorgan Chase & Co. lifted their target price on Booking from $2,675.00 to $2,850.00 and gave the company an “overweight” rating in a research note on Friday, February 24th. Credit Suisse Group raised their price target on Booking from $2,600.00 to $2,850.00 and gave the company an “outperform” rating in a report on Friday, February 24th. JMP Securities lifted their target price on Booking from $2,500.00 to $2,750.00 in a report on Monday. Finally, StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a report on Monday. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,675.16.
Booking Company Profile
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.
Featured Stories
- Get a free copy of the StockNews.com research report on Booking (BKNG)
- Will Q4 Results Send Zoom Video Stock Higher?
- Is Amazon a Blue Chip Stock?
- Occidental Petroleum Pulls Back To The Sweet Spot
- Should You Take a Cruise in Royal Caribbean Stock?
- Is Target Stock Aiming For A Breakout In 2023?
Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.
