Kestra Private Wealth Services LLC Takes Position in Booking Holdings Inc. (NASDAQ:BKNG)

Posted by Defense World Staff on Apr 21st, 2023

Kestra Private Wealth Services LLC bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 117 shares of the business services provider’s stock, valued at approximately $236,000.

Several other large investors have also recently modified their holdings of the stock. AKO Capital LLP increased its position in shares of Booking by 1.5% during the 4th quarter. AKO Capital LLP now owns 372,287 shares of the business services provider’s stock valued at $750,263,000 after purchasing an additional 5,403 shares during the last quarter. Longview Partners Guernsey LTD purchased a new position in Booking during the 3rd quarter valued at $452,154,000. Lone Pine Capital LLC boosted its holdings in Booking by 6.9% during the 3rd quarter. Lone Pine Capital LLC now owns 253,570 shares of the business services provider’s stock valued at $416,669,000 after acquiring an additional 16,409 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Booking by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 217,517 shares of the business services provider’s stock valued at $510,828,000 after acquiring an additional 5,506 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in Booking by 1.7% during the 3rd quarter. Canada Pension Plan Investment Board now owns 163,229 shares of the business services provider’s stock valued at $268,220,000 after acquiring an additional 2,700 shares during the period. Institutional investors own 89.23% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on BKNG. Argus boosted their price objective on Booking from $2,800.00 to $3,000.00 and gave the company a “buy” rating in a report on Thursday, April 13th. JPMorgan Chase & Co. boosted their price objective on Booking from $2,675.00 to $2,850.00 and gave the company an “overweight” rating in a report on Friday, February 24th. JMP Securities restated a “market outperform” rating and set a $2,750.00 price objective on shares of Booking in a report on Friday, April 14th. Bank of America upped their target price on Booking from $2,700.00 to $2,850.00 and gave the stock a “neutral” rating in a report on Friday, February 24th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Booking from $2,370.00 to $2,910.00 and gave the stock a “buy” rating in a report on Monday, February 13th. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $2,696.12.

Insider Activity

In other news, CEO Glenn D. Fogel sold 427 shares of the stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $2,427.11, for a total value of $1,036,375.97. Following the transaction, the chief executive officer now directly owns 42,949 shares of the company’s stock, valued at $104,241,947.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Glenn D. Fogel sold 427 shares of the stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $2,427.11, for a total value of $1,036,375.97. Following the transaction, the chief executive officer now directly owns 42,949 shares of the company’s stock, valued at $104,241,947.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $2,658.11, for a total value of $1,993,582.50. Following the completion of the transaction, the chief executive officer now directly owns 42,199 shares in the company, valued at $112,169,583.89. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,355 shares of company stock valued at $6,005,408. Company insiders own 0.13% of the company’s stock.

Booking Trading Down 0.6 %

Shares of NASDAQ:BKNG opened at $2,660.77 on Friday. The business’s 50-day moving average is $2,539.73 and its 200 day moving average is $2,207.84. Booking Holdings Inc. has a 1 year low of $1,616.85 and a 1 year high of $2,721.85. The firm has a market capitalization of $100.18 billion, a P/E ratio of 34.17, a P/E/G ratio of 1.27 and a beta of 1.33. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.86 and a quick ratio of 1.86.

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

Booking Company Profile

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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.