DSG Capital Advisors LLC Purchases 848 Shares of Booking Holdings Inc. $BKNG

DSG Capital Advisors LLC increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 216.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,239 shares of the business services provider’s stock after acquiring an additional 848 shares during the period. Booking comprises approximately 1.1% of DSG Capital Advisors LLC’s holdings, making the stock its 29th largest position. DSG Capital Advisors LLC’s holdings in Booking were worth $6,690,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BKNG. Little House Capital LLC bought a new position in shares of Booking during the third quarter valued at $718,000. J. Safra Sarasin Holding AG raised its position in Booking by 4.3% in the 3rd quarter. J. Safra Sarasin Holding AG now owns 15,525 shares of the business services provider’s stock worth $83,822,000 after buying an additional 633 shares during the last quarter. Phoenix Financial Ltd. lifted its stake in Booking by 29.6% during the 3rd quarter. Phoenix Financial Ltd. now owns 355 shares of the business services provider’s stock valued at $1,917,000 after acquiring an additional 81 shares during the period. Paragon Private Wealth Management LLC purchased a new stake in shares of Booking during the 3rd quarter valued at about $286,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Booking by 1.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,193 shares of the business services provider’s stock valued at $28,049,000 after acquiring an additional 75 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Up 0.9%

BKNG stock opened at $5,153.41 on Wednesday. The business’s 50-day moving average price is $5,204.48 and its 200-day moving average price is $5,326.70. The stock has a market cap of $166.09 billion, a P/E ratio of 33.49, a PEG ratio of 1.11 and a beta of 1.23. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. The company had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business earned $83.39 EPS. On average, equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Booking

In related news, CEO Glenn D. Fogel sold 953 shares of Booking stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $5,181.34, for a total transaction of $4,937,817.02. Following the transaction, the chief executive officer owned 19,615 shares in the company, valued at approximately $101,631,984.10. The trade was a 4.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the company’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 completion of the transaction, the director directly owned 687 shares of the company’s stock, valued at $3,566,320.05. This represents a 2.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,324 shares of company stock worth $17,190,323 over the last 90 days. Insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BKNG. Weiss Ratings restated a “buy (b)” rating on shares of Booking in a research report on Monday, December 29th. Seaport Research Partners boosted their target price on shares of Booking from $6,030.00 to $6,260.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. BNP Paribas Exane set a $6,100.00 price target on Booking in a research note on Monday, November 24th. TD Cowen reiterated a “buy” rating on shares of Booking in a research report on Wednesday, December 3rd. Finally, Argus increased their target price on Booking from $6,000.00 to $6,400.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6,205.88.

Booking 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.