Booking Holdings Inc. $BKNG Shares Purchased by Glenview Trust Co

Glenview Trust Co boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 15.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,076 shares of the business services provider’s stock after buying an additional 276 shares during the period. Glenview Trust Co’s holdings in Booking were worth $11,209,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BKNG. Norges Bank acquired a new stake in Booking during the 2nd quarter worth $2,210,917,000. Laurel Wealth Advisors LLC raised its holdings in shares of Booking by 578,824.0% in the second quarter. Laurel Wealth Advisors LLC now owns 289,462 shares of the business services provider’s stock valued at $1,675,765,000 after buying an additional 289,412 shares during the last quarter. Vestor Capital LLC boosted its stake in shares of Booking by 658,925.0% during the second quarter. Vestor Capital LLC now owns 105,444 shares of the business services provider’s stock worth $610,441,000 after buying an additional 105,428 shares during the period. Symphony Financial Ltd. Co. acquired a new stake in shares of Booking during the second quarter worth about $536,675,000. Finally, Rakuten Investment Management Inc. purchased a new position in shares of Booking during the third quarter worth about $468,252,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on BKNG. B. Riley Financial increased their price objective on Booking from $6,700.00 to $6,800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Wall Street Zen raised Booking from a “hold” rating to a “buy” rating in a report on Sunday, January 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. Benchmark raised their target price on shares of Booking from $6,200.00 to $6,400.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Mizuho raised shares of Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 target price on the stock in a report on Wednesday, February 4th. Twenty-eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6,171.56.

Insider Buying and Selling

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $5,191.15, for a total transaction of $77,867.25. Following the sale, the director directly owned 687 shares in the company, valued at approximately $3,566,320.05. The trade was a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 953 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $5,181.34, for a total value of $4,937,817.02. Following the completion of the transaction, the chief executive officer owned 19,615 shares of the company’s stock, valued at approximately $101,631,984.10. This represents a 4.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,096 shares of company stock worth $11,120,014 in the last quarter. Company insiders own 0.16% of the company’s stock.

Booking Stock Down 0.4%

Shares of BKNG opened at $4,140.60 on Tuesday. Booking Holdings Inc. has a 52-week low of $4,071.60 and a 52-week high of $5,839.41. The company has a 50-day simple moving average of $5,098.76 and a 200-day simple moving average of $5,216.87. The company has a market capitalization of $133.45 billion, a PE ratio of 26.91, a P/E/G ratio of 0.89 and a beta of 1.21.

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.