ING Groep NV Lowers Stake in Booking Holdings Inc. $BKNG

ING Groep NV cut its holdings in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 10.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,396 shares of the business services provider’s stock after selling 2,039 shares during the quarter. ING Groep NV’s holdings in Booking were worth $99,325,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BKNG. Halbert Hargrove Global Advisors LLC increased its position 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 acquiring an additional 3 shares during the period. Guerra Advisors Inc acquired a new stake in Booking during the 3rd quarter worth approximately $27,000. Westside Investment Management Inc. grew its stake in shares of 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 purchasing an additional 4 shares during the last quarter. Davis Capital Management acquired a new position in shares of Booking in the third quarter valued at approximately $32,000. Finally, 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 worth $32,000 after purchasing an additional 2 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BKNG. Barclays lifted their price objective on shares of Booking from $6,000.00 to $6,250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. TD Cowen reaffirmed a “buy” rating on shares of Booking in a report on Wednesday, December 3rd. Mizuho raised shares of Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 price target for the company in a report on Wednesday, February 4th. B. Riley Financial raised their price objective on shares of Booking from $6,700.00 to $6,800.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Citigroup cut Booking from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 4th. Twenty-eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $6,171.56.

Read Our Latest Stock Report on Booking

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 953 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $5,181.34, for a total value of $4,937,817.02. Following the sale, the chief executive officer owned 19,615 shares in the company, valued at $101,631,984.10. This represents a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $5,191.15, for a total value of $77,867.25. Following the completion of the transaction, the director directly owned 687 shares of the company’s stock, valued at $3,566,320.05. The trade was a 2.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,124 shares of company stock valued at $16,194,538 in the last quarter. 0.16% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Booking

Here are the key news stories impacting Booking this week:

Booking Trading Up 1.1%

BKNG stock opened at $4,284.26 on Wednesday. The company’s 50-day moving average price is $5,172.68 and its 200 day moving average price is $5,256.55. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The company has a market cap of $138.10 billion, a P/E ratio of 27.85, a P/E/G ratio of 0.91 and a beta of 1.21.

Booking Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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