Jones Financial Companies Lllp Purchases 492 Shares of Booking Holdings Inc. $BKNG

Jones Financial Companies Lllp raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 7.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 6,914 shares of the business services provider’s stock after buying an additional 492 shares during the period. Jones Financial Companies Lllp’s holdings in Booking were worth $38,132,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC raised its holdings in Booking by 150.0% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock valued at $27,000 after buying an additional 3 shares during the last quarter. Westside Investment Management Inc. increased its position in Booking by 400.0% in the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 4 shares during the period. Davis Capital Management bought a new position in shares of Booking during the third quarter valued at $32,000. Oakworth Capital Inc. raised its stake in shares of Booking by 50.0% during the third quarter. Oakworth Capital Inc. now owns 6 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 2 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Booking by 100.0% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock worth $35,000 after purchasing an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Performance

Shares of BKNG stock opened at $5,122.25 on Tuesday. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41. The stock has a 50 day simple moving average of $5,232.59 and a two-hundred day simple moving average of $5,309.37. The company has a market cap of $165.09 billion, a P/E ratio of 33.29, a PEG ratio of 1.07 and a beta of 1.21.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 200 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the transaction, the insider directly owned 1,514 shares of the company’s stock, valued at $7,570,000. This represents a 11.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn D. Fogel sold 953 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $5,181.34, for a total transaction of $4,937,817.02. Following the completion of the sale, the chief executive officer owned 19,615 shares of the company’s stock, valued at $101,631,984.10. The trade was a 4.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,324 shares of company stock worth $17,190,323 over the last quarter. 0.16% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of recent research reports. Gordon Haskett increased their price objective on Booking from $5,620.00 to $5,710.00 and gave the company a “hold” rating in a report on Wednesday, December 10th. Seaport Research Partners increased their price target on Booking from $6,030.00 to $6,260.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. KeyCorp raised their price objective on Booking from $6,450.00 to $6,630.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Jefferies Financial Group cut their price objective on Booking from $5,800.00 to $5,600.00 and set a “hold” rating on the stock in a research note on Friday, January 23rd. Finally, Cantor Fitzgerald increased their target price on shares of Booking from $5,550.00 to $5,830.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6,205.88.

Booking Company Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.