Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Gladstone Institutional Advisory LLC

Posted by on Apr 22nd, 2023

Gladstone Institutional Advisory LLC reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) by 60.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107 shares of the business services provider’s stock after selling 165 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Booking were worth $216,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. AKO Capital LLP raised its holdings in Booking by 1.5% in the 4th quarter. AKO Capital LLP now owns 372,287 shares of the business services provider’s stock valued at $750,263,000 after acquiring an additional 5,403 shares during the last quarter. Longview Partners Guernsey LTD acquired a new position in Booking in the 3rd quarter valued at $452,154,000. Lone Pine Capital LLC raised its holdings in Booking by 6.9% in 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 last quarter. Charles Schwab Investment Management Inc. raised its holdings in Booking by 2.6% in 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 last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Booking by 1.7% in 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 last quarter. 89.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BKNG. Piper Sandler boosted their price target on Booking from $2,050.00 to $2,524.00 and gave the company a “neutral” rating in a report on Friday, February 24th. Bank of America boosted their price objective on shares of Booking from $2,700.00 to $2,850.00 and gave the company a “neutral” rating in a research note on Friday, February 24th. Mizuho boosted their price objective on shares of Booking from $2,170.00 to $2,670.00 and gave the company a “buy” rating in a research note on Friday, February 24th. DA Davidson boosted their price objective on shares of Booking from $2,150.00 to $2,600.00 in a research note on Monday, February 27th. Finally, Evercore ISI boosted their price objective on shares of Booking from $2,600.00 to $3,000.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,708.65.

Insider Activity

In other news, CEO Glenn D. Fogel sold 427 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $2,427.11, for a total value of $1,036,375.97. Following the sale, the chief executive officer now owns 42,949 shares in the company, valued at approximately $104,241,947.39. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Radakovich Lynn Vojvodich sold 36 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $2,418.64, for a total value of $87,071.04. Following the sale, the director now owns 651 shares in the company, valued at approximately $1,574,534.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Glenn D. Fogel sold 427 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $2,427.11, for a total transaction of $1,036,375.97. Following the completion of the sale, the chief executive officer now owns 42,949 shares in the company, valued at approximately $104,241,947.39. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,355 shares of company stock worth $6,005,408. 0.13% of the stock is currently owned by corporate insiders.

Booking Stock Performance

NASDAQ:BKNG opened at $2,687.33 on Friday. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a 50-day moving average of $2,539.73 and a two-hundred day moving average of $2,207.84. The stock has a market cap of $101.18 billion, a P/E ratio of 34.51, a PEG ratio of 1.25 and a beta of 1.33. Booking Holdings Inc. has a 1-year low of $1,616.85 and a 1-year high of $2,721.85.

Booking (NASDAQ:BKNG – Get Rating) last posted 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 company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Booking had a net margin of 17.89% and a return on equity of 107.86%. The firm’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same period in the prior year, the company posted $15.83 EPS. On average, research analysts expect that Booking Holdings Inc. will post 127.7 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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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