Gofen & Glossberg LLC IL Sells 15 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Posted by on Mar 24th, 2023

Gofen & Glossberg LLC IL decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114 shares of the business services provider’s stock after selling 15 shares during the period. Gofen & Glossberg LLC IL’s holdings in Booking were worth $230,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKNG. Mirae Asset Global Investments Co. Ltd. lifted its stake in Booking by 37.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,317 shares of the business services provider’s stock worth $151,044,000 after purchasing an additional 17,432 shares during the period. Cetera Investment Advisers raised its stake in shares of Booking by 18.8% in the first quarter. Cetera Investment Advisers now owns 613 shares of the business services provider’s stock valued at $1,440,000 after acquiring an additional 97 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Booking in the first quarter valued at approximately $387,000. Baird Financial Group Inc. raised its stake in shares of Booking by 2.0% in the first quarter. Baird Financial Group Inc. now owns 4,585 shares of the business services provider’s stock valued at $10,767,000 after acquiring an additional 88 shares during the last quarter. Finally, Merit Financial Group LLC raised its stake in shares of Booking by 7.5% in the first quarter. Merit Financial Group LLC now owns 172 shares of the business services provider’s stock valued at $404,000 after acquiring an additional 12 shares during the last quarter. Institutional investors own 89.23% of the company’s stock.

Analyst Ratings Changes

BKNG has been the subject of a number of research analyst reports. Credit Suisse Group lifted their target price on shares of Booking from $2,600.00 to $2,850.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. Piper Sandler lifted their target price on shares of Booking from $2,050.00 to $2,524.00 and gave the company a “neutral” rating in a research note on Friday, February 24th. JMP Securities reiterated a “market outperform” rating and issued a $2,750.00 target price on shares of Booking in a research note on Tuesday, March 14th. The Goldman Sachs Group lifted their target price on shares of Booking from $2,250.00 to $2,630.00 and gave the company a “neutral” rating in a research note on Friday, February 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Booking from $2,675.00 to $2,850.00 and gave the stock an “overweight” rating in a research report on Friday, February 24th. Nine investment 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.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,675.16.

Insider Activity

In related news, CEO Glenn D. Fogel sold 100 shares of the business’s stock in a transaction on Tuesday, January 10th. The shares were sold at an average price of $2,314.64, for a total value of $231,464.00. Following the sale, the chief executive officer now directly owns 44,874 shares of the company’s stock, valued at approximately $103,867,155.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO David I. Goulden sold 550 shares of the business’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $2,297.91, for a total value of $1,263,850.50. Following the sale, the chief financial officer now directly owns 4,969 shares of the company’s stock, valued at approximately $11,418,314.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Glenn D. Fogel sold 100 shares of the business’s stock in a transaction on Tuesday, January 10th. The shares were sold at an average price of $2,314.64, for a total transaction of $231,464.00. Following the completion of the sale, the chief executive officer now directly owns 44,874 shares in the company, valued at $103,867,155.36. The disclosure for this sale can be found here. Insiders sold 3,098 shares of company stock valued at $7,278,014 in the last quarter. Company insiders own 0.13% of the company’s stock.

Booking Price Performance

Shares of BKNG stock opened at $2,538.76 on Friday. Booking Holdings Inc. has a 12-month low of $1,616.85 and a 12-month high of $2,630.00. The firm has a market capitalization of $95.58 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 1.21 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. The firm has a fifty day moving average of $2,457.31 and a 200-day moving average of $2,099.39.

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

About Booking

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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.