Oppenheimer & Co. Inc. Invests $318,000 in Booking Holdings Inc. (NASDAQ:BKNG)

Posted by on Aug 31st, 2023

Oppenheimer & Co. Inc. purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 120 shares of the business services provider’s stock, valued at approximately $318,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Albion Financial Group UT purchased a new stake in shares of Booking in the 1st quarter valued at $27,000. Arlington Partners LLC purchased a new stake in shares of Booking in the 1st quarter valued at $27,000. Creative Financial Designs Inc. ADV boosted its stake in shares of Booking by 500.0% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 12 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 10 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Booking in the 4th quarter valued at $26,000. Finally, Delta Asset Management LLC TN purchased a new stake in shares of Booking in the 4th quarter valued at $30,000. Institutional investors own 92.13% of the company’s stock.

Booking Stock Up 0.6 %

NASDAQ:BKNG opened at $3,130.59 on Thursday. The firm has a market cap of $111.73 billion, a P/E ratio of 27.04, a P/E/G ratio of 1.06 and a beta of 1.35. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.55 and a current ratio of 1.55. Booking Holdings Inc. has a fifty-two week low of $1,616.85 and a fifty-two week high of $3,251.71. The firm has a 50-day simple moving average of $2,933.43 and a two-hundred day simple moving average of $2,709.83.

Booking (NASDAQ:BKNG – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $37.62 earnings per share for the quarter, beating analysts’ consensus estimates of $28.84 by $8.78. The business had revenue of $5.50 billion during the quarter, compared to analyst estimates of $5.17 billion. Booking had a net margin of 23.04% and a return on equity of 285.21%. Booking’s revenue was up 27.9% compared to the same quarter last year. During the same period last year, the business earned $19.08 EPS. Analysts predict that Booking Holdings Inc. will post 144.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of research reports. UBS Group upped their price objective on shares of Booking from $2,900.00 to $2,925.00 in a research note on Friday, May 5th. TD Cowen increased their price target on shares of Booking from $3,325.00 to $3,600.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Oppenheimer increased their price target on shares of Booking from $3,000.00 to $3,500.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. Wells Fargo & Company began coverage on shares of Booking in a research report on Wednesday, June 7th. They set an “underweight” rating and a $2,257.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of Booking from $2,850.00 to $3,000.00 in a research report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $3,111.80.

Read Our Latest Report on Booking

Insider Buying and Selling at Booking

In other Booking news, CAO Susana D’emic sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $3,203.49, for a total transaction of $3,844,188.00. Following the completion of the sale, the chief accounting officer now directly owns 6,278 shares in the company, valued at approximately $20,111,510.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Paulo Pisano sold 170 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $3,192.59, for a total transaction of $542,740.30. Following the sale, the insider now owns 4,043 shares of the company’s stock, valued at approximately $12,907,641.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Susana D’emic sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $3,203.49, for a total transaction of $3,844,188.00. Following the sale, the chief accounting officer now directly owns 6,278 shares in the company, valued at approximately $20,111,510.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,000 shares of company stock worth $11,639,019. 0.15% of the stock is owned by corporate insiders.

Booking Company 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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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