AlphaQuest LLC Has $1.91 Million Position in Booking Holdings Inc. $BKNG

AlphaQuest LLC grew its position in Booking Holdings Inc. (NASDAQ:BKNG) by 124.1% in the third quarter, HoldingsChannel.com reports. The fund owned 354 shares of the business services provider’s stock after buying an additional 196 shares during the period. AlphaQuest LLC’s holdings in Booking were worth $1,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Pittenger & Anderson Inc. lifted its stake in Booking by 5.3% in the 3rd quarter. Pittenger & Anderson Inc. now owns 771 shares of the business services provider’s stock valued at $4,163,000 after purchasing an additional 39 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE bought a new position in shares of Booking during the 3rd quarter worth approximately $1,669,000. Valley Wealth Managers Inc. increased its holdings in shares of Booking by 37.0% during the 3rd quarter. Valley Wealth Managers Inc. now owns 37 shares of the business services provider’s stock worth $200,000 after acquiring an additional 10 shares during the last quarter. Cloud Capital Management LLC bought a new stake in Booking in the 3rd quarter valued at $64,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in Booking by 10.6% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 52 shares of the business services provider’s stock valued at $281,000 after purchasing an additional 5 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BKNG shares. B. Riley increased 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. Bank of America upgraded Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 price objective for the company in a report on Monday, November 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Booking in a report on Monday, December 29th. TD Cowen restated a “buy” rating on shares of Booking in a research note on Wednesday, December 3rd. Finally, Benchmark boosted their price objective on shares of Booking from $6,200.00 to $6,400.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average target price of $6,205.88.

Insiders Place Their Bets

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction dated Thursday, January 15th. The stock was 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 in the company, valued at approximately $3,566,320.05. This trade represents 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 business’s stock in a transaction dated 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 approximately $101,631,984.10. This trade represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 3,324 shares of company stock worth $17,190,323. Insiders own 0.16% of the company’s stock.

Booking Stock Performance

Shares of BKNG opened at $5,001.84 on Friday. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41. The firm has a market cap of $161.21 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 1.10 and a beta of 1.23. The business’s fifty day moving average is $5,227.65 and its 200-day moving average is $5,318.23.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping the consensus estimate of $95.56 by $3.94. The firm had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $83.39 earnings per share. As a group, research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

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.