Capital Group International Inc. CA Has $15.98 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Capital Group International Inc. CA trimmed its position in Booking Holdings Inc. (NASDAQ:BKNGGet Rating) by 43.9% in the first quarter, Holdings Channel.com reports. The firm owned 6,806 shares of the business services provider’s stock after selling 5,318 shares during the period. Capital Group International Inc. CA’s holdings in Booking were worth $15,984,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Booking by 1.1% in the first quarter. Vanguard Group Inc. now owns 3,179,231 shares of the business services provider’s stock worth $7,466,265,000 after purchasing an additional 35,999 shares during the period. Capital World Investors grew its position in shares of Booking by 2.1% during the 4th quarter. Capital World Investors now owns 1,515,889 shares of the business services provider’s stock worth $3,636,966,000 after buying an additional 31,161 shares during the period. Geode Capital Management LLC grew its position in shares of Booking by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 665,085 shares of the business services provider’s stock worth $1,591,171,000 after buying an additional 18,508 shares during the period. Schroder Investment Management Group grew its position in shares of Booking by 55.4% during the 4th quarter. Schroder Investment Management Group now owns 466,525 shares of the business services provider’s stock worth $1,119,301,000 after buying an additional 166,288 shares during the period. Finally, Norges Bank acquired a new position in shares of Booking during the 4th quarter worth about $1,013,778,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Up 2.4 %

BKNG stock opened at $1,967.38 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $78.12 billion, a PE ratio of 52.45, a PEG ratio of 1.23 and a beta of 1.23. Booking Holdings Inc. has a 1-year low of $1,669.34 and a 1-year high of $2,715.66. The business’s 50 day simple moving average is $1,906.34 and its 200 day simple moving average is $2,047.44.

Booking (NASDAQ:BKNGGet Rating) last posted its earnings results on Wednesday, August 3rd. The business services provider reported $19.08 earnings per share for the quarter, topping analysts’ consensus estimates of $17.93 by $1.15. Booking had a return on equity of 62.69% and a net margin of 10.54%. During the same quarter last year, the firm posted ($2.55) EPS. As a group, research analysts anticipate that Booking Holdings Inc. will post 97.26 EPS for the current year.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $2,126.07, for a total transaction of $1,594,552.50. Following the transaction, the chief executive officer now directly owns 47,565 shares of the company’s stock, valued at approximately $101,126,519.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Booking news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $2,126.07, for a total value of $1,594,552.50. Following the transaction, the chief executive officer now directly owns 47,565 shares of the company’s stock, valued at approximately $101,126,519.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert J. Mylod, Jr. acquired 500 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was purchased at an average cost of $1,912.37 per share, for a total transaction of $956,185.00. Following the completion of the acquisition, the director now owns 2,580 shares in the company, valued at $4,933,914.60. The disclosure for this purchase can be found here. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several analyst reports. Morgan Stanley boosted their target price on Booking from $2,100.00 to $2,300.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 23rd. Mizuho decreased their target price on Booking from $2,750.00 to $2,300.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. Deutsche Bank Aktiengesellschaft cut their price objective on Booking from $2,300.00 to $2,280.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. Truist Financial cut their price objective on Booking from $3,000.00 to $2,600.00 and set a “buy” rating on the stock in a report on Thursday, July 14th. Finally, Stifel Nicolaus cut their price objective on Booking from $2,400.00 to $2,300.00 and set a “hold” rating on the stock in a report on Thursday, August 4th. Eight analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average target price of $2,550.37.

Booking Profile

(Get Rating)

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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