Valeo Financial Advisors LLC Increases Position in Booking Holdings Inc. (NASDAQ:BKNG)

Posted by Defense World Staff on Jun 29th, 2023

Valeo Financial Advisors LLC boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 12.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 221 shares of the business services provider’s stock after purchasing an additional 24 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Booking were worth $587,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKNG. Norges Bank purchased a new stake in Booking in the fourth quarter worth about $1,068,137,000. Longview Partners Guernsey LTD purchased a new stake in Booking in the third quarter worth about $452,154,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Booking by 3,557.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 142,166 shares of the business services provider’s stock valued at $333,870,000 after buying an additional 138,279 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Booking by 9.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,402,114 shares of the business services provider’s stock valued at $2,825,652,000 after buying an additional 119,153 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Booking by 61.6% during the fourth quarter. Alliancebernstein L.P. now owns 295,891 shares of the business services provider’s stock valued at $596,303,000 after buying an additional 112,831 shares during the last quarter. Hedge funds and other institutional investors own 89.11% of the company’s stock.

Insider Activity at Booking

In related news, Director Radakovich Lynn Vojvodich sold 42 shares of the firm’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $2,680.32, for a total transaction of $112,573.44. Following the completion of the transaction, the director now directly owns 527 shares of the company’s stock, valued at $1,412,528.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Booking news, Director Radakovich Lynn Vojvodich sold 42 shares of Booking stock in a transaction on Monday, May 1st. The shares were sold at an average price of $2,680.32, for a total value of $112,573.44. Following the completion of the transaction, the director now directly owns 527 shares of the company’s stock, valued at approximately $1,412,528.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction on Monday, April 17th. The stock was sold at an average price of $2,658.11, for a total transaction of $1,993,582.50. Following the completion of the transaction, the chief executive officer now directly owns 42,199 shares of the company’s stock, valued at $112,169,583.89. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,984 shares of company stock valued at $10,492,001. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. TheStreet cut shares of Booking from a “b” rating to a “c+” rating in a report on Thursday, May 4th. Mizuho increased their price target on shares of Booking from $2,670.00 to $2,950.00 in a report on Friday, May 5th. JPMorgan Chase & Co. increased their price target on shares of Booking from $2,850.00 to $3,000.00 in a report on Friday, May 5th. Tigress Financial increased their price target on shares of Booking from $3,210.00 to $3,430.00 in a report on Friday, March 24th. Finally, Piper Sandler raised their target price on shares of Booking from $2,524.00 to $2,583.00 in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2,759.80.

Booking Stock Down 1.3 %

Shares of BKNG stock opened at $2,666.47 on Thursday. The company has a market capitalization of $98.47 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.16 and a beta of 1.34. Booking Holdings Inc. has a one year low of $1,616.85 and a one year high of $2,786.85. The company’s fifty day moving average price is $2,642.83 and its 200-day moving average price is $2,473.00. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.59 and a quick ratio of 1.59.

Booking (NASDAQ:BKNG – Free Report) last posted its earnings results on Thursday, May 4th. The business services provider reported $11.60 earnings per share for the quarter, beating the consensus estimate of $9.63 by $1.97. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Booking had a net margin of 22.14% and a return on equity of 148.40%. Booking’s quarterly revenue was up 40.2% on a year-over-year basis. During the same period last year, the company posted $3.90 earnings per share. Sell-side analysts expect that Booking Holdings Inc. will post 136.88 EPS for the current fiscal year.

Booking Profile

(Free Report)

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.