Booking Holdings Inc. $BKNG Position Decreased by GUARDCAP ASSET MANAGEMENT Ltd

GUARDCAP ASSET MANAGEMENT Ltd lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 25.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,283 shares of the business services provider’s stock after selling 25,329 shares during the quarter. Booking makes up about 9.4% of GUARDCAP ASSET MANAGEMENT Ltd’s holdings, making the stock its 2nd biggest holding. GUARDCAP ASSET MANAGEMENT Ltd owned about 0.23% of Booking worth $406,473,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp raised its holdings in Booking by 7.7% during the third quarter. Jones Financial Companies Lllp now owns 6,914 shares of the business services provider’s stock worth $38,132,000 after purchasing an additional 492 shares in the last quarter. Y Intercept Hong Kong Ltd increased its position in Booking by 15.6% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock worth $2,958,000 after purchasing an additional 69 shares during the period. Donaldson Capital Management LLC raised its stake in shares of Booking by 59.6% during the 3rd quarter. Donaldson Capital Management LLC now owns 1,119 shares of the business services provider’s stock worth $6,042,000 after buying an additional 418 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Booking by 67.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 30,210 shares of the business services provider’s stock valued at $174,893,000 after buying an additional 12,148 shares during the period. Finally, GRIMES & Co WEALTH MANAGEMENT LLC boosted its stake in shares of Booking by 339.0% in the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 180 shares of the business services provider’s stock valued at $974,000 after buying an additional 139 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on BKNG shares. Wall Street Zen upgraded Booking from a “hold” rating to a “buy” rating in a research report on Sunday, January 4th. Cantor Fitzgerald increased their price target on shares of Booking from $5,550.00 to $5,830.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Barclays raised 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 note on Wednesday, October 29th. UBS Group lowered their target price on shares of Booking from $6,806.00 to $6,608.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Finally, Mizuho upgraded shares of Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 price target for the company in a research report on Wednesday, February 4th. Twenty-seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $6,180.00.

Insider Buying and Selling

In related news, Director Robert J. Mylod, Jr. sold 40 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $5,105.36, for a total value of $204,214.40. Following the sale, the director directly owned 840 shares of the company’s stock, valued at approximately $4,288,502.40. This trade represents a 4.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 953 shares of Booking stock in a transaction that occurred 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 directly 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 3,124 shares of company stock worth $16,194,538. 0.16% of the stock is owned by insiders.

Booking Stock Performance

Booking stock opened at $4,237.05 on Tuesday. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41. The company has a market capitalization of $136.56 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 0.96 and a beta of 1.21. The stock has a fifty day moving average of $5,189.70 and a two-hundred day moving average of $5,266.04.

About Booking

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.