Baird Financial Group Inc. Has $8.81 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Posted by on Jun 11th, 2023

Baird Financial Group Inc. grew its position in Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) by 1.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,371 shares of the business services provider’s stock after buying an additional 45 shares during the period. Baird Financial Group Inc.’s holdings in Booking were worth $8,809,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BKNG. Delta Asset Management LLC TN bought a new position in shares of Booking in the 4th quarter worth $30,000. AXS Investments LLC bought a new position in shares of Booking in the 4th quarter worth $30,000. Mendota Financial Group LLC bought a new position in shares of Booking in the 4th quarter worth $38,000. Rock Creek Group LP bought a new position in shares of Booking in the 3rd quarter worth $48,000. Finally, Asset Dedication LLC boosted its position in shares of Booking by 60.0% in the 4th quarter. Asset Dedication LLC now owns 24 shares of the business services provider’s stock worth $48,000 after purchasing an additional 9 shares during the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

Booking Price Performance

NASDAQ:BKNG opened at $2,606.13 on Friday. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.59 and a current ratio of 1.59. The stock’s 50-day simple moving average is $2,637.90 and its 200 day simple moving average is $2,416.28. The company has a market cap of $96.24 billion, a P/E ratio of 25.56, a P/E/G ratio of 1.15 and a beta of 1.34. Booking Holdings Inc. has a 52-week low of $1,616.85 and a 52-week high of $2,786.85.

Booking (NASDAQ:BKNG – Get Rating) last released its earnings results on Thursday, May 4th. The business services provider reported $11.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.63 by $1.97. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.75 billion. Booking had a return on equity of 148.40% and a net margin of 22.14%. Booking’s quarterly revenue was up 40.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.90 earnings per share. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 136.88 EPS for the current fiscal year.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 42 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $2,680.32, for a total value of $112,573.44. Following the completion of the sale, the director now directly owns 527 shares in the company, valued at $1,412,528.64. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Radakovich Lynn Vojvodich sold 42 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $2,680.32, for a total value of $112,573.44. Following the completion of the sale, the director now directly owns 527 shares in the company, valued at $1,412,528.64. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Glenn D. Fogel sold 427 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 42,949 shares of the company’s stock, valued at $104,241,947.39. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,697 shares of company stock valued at $9,543,636. 0.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BKNG has been the topic of several recent research reports. Mizuho raised their price target on Booking from $2,670.00 to $2,950.00 in a research report on Friday, May 5th. TheStreet lowered Booking from a “b” rating to a “c+” rating in a research report on Thursday, May 4th. Oppenheimer lifted their target price on Booking from $2,550.00 to $2,850.00 and gave the stock an “outperform” rating in a report on Thursday, February 23rd. Bank of America lifted their target price on Booking from $2,850.00 to $2,900.00 in a report on Friday, May 5th. Finally, JMP Securities lifted their target price on Booking from $2,750.00 to $3,000.00 in a report on Monday, May 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and an average target price of $2,759.80.

Booking Profile

(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.

Featured Articles

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG – Get Rating).

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.