Federated Hermes Inc. Acquires 194 Shares of Booking Holdings Inc. $BKNG

Federated Hermes Inc. grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.0% during the third quarter, HoldingsChannel.com reports. The firm owned 2,132 shares of the business services provider’s stock after acquiring an additional 194 shares during the quarter. Federated Hermes Inc.’s holdings in Booking were worth $11,511,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in Booking by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 854,838 shares of the business services provider’s stock valued at $4,936,132,000 after acquiring an additional 9,333 shares in the last quarter. Norges Bank acquired a new stake in shares of Booking during the 2nd quarter worth $2,210,917,000. Invesco Ltd. increased its position in shares of Booking by 6.8% in the second quarter. Invesco Ltd. now owns 379,583 shares of the business services provider’s stock worth $2,197,495,000 after purchasing an additional 24,030 shares during the period. Schroder Investment Management Group raised its stake in Booking by 4.9% in the second quarter. Schroder Investment Management Group now owns 377,198 shares of the business services provider’s stock valued at $2,183,690,000 after purchasing an additional 17,662 shares in the last quarter. Finally, Laurel Wealth Advisors LLC raised its stake in 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 purchasing an additional 289,412 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. HSBC increased their price objective on shares of Booking from $7,447.00 to $7,656.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. TD Cowen reiterated a “buy” rating on shares of Booking in a research report on Wednesday, December 3rd. Robert W. Baird set a $6,325.00 price objective on shares of Booking in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft upped their target price on Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Finally, UBS Group set a $6,806.00 target price on Booking and gave the company a “buy” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6,205.88.

Booking Stock Down 2.2%

Shares of BKNG opened at $5,001.84 on Friday. The stock has a market cap of $161.21 billion, a PE ratio of 32.51, a PEG ratio of 1.10 and a beta of 1.23. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41. The business has a 50-day simple moving average of $5,227.65 and a two-hundred day simple moving average of $5,315.73.

Insider Activity at Booking

In other 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the director directly owned 687 shares in the company, valued at approximately $3,566,320.05. This represents a 2.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,324 shares of company stock worth $17,190,323. 0.16% of the stock is owned by corporate insiders.

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.