Glenn D. Fogel Sells 427 Shares of Booking Holdings Inc. (NASDAQ:BKNG) Stock

Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) CEO Glenn D. Fogel sold 427 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $2,427.11, for a total value of $1,036,375.97. Following the transaction, the chief executive officer now directly owns 42,949 shares of the company’s stock, valued at approximately $104,241,947.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Booking Stock Up 0.0 %

Shares of NASDAQ BKNG opened at $2,440.85 on Friday. The stock has a market cap of $91.90 billion, a P/E ratio of 31.35, a PEG ratio of 1.14 and a beta of 1.31. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 4.56. Booking Holdings Inc. has a 12-month low of $1,616.85 and a 12-month high of $2,630.00. The business’s fifty day simple moving average is $2,432.29 and its 200-day simple moving average is $2,081.93.

Booking (NASDAQ:BKNG – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The business services provider reported $24.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $20.97 by $3.77. The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Booking had a return on equity of 107.86% and a net margin of 17.89%. The company’s revenue for the quarter was up 35.8% compared to the same quarter last year. During the same period last year, the firm earned $15.83 earnings per share. As a group, equities analysts predict that Booking Holdings Inc. will post 127.01 EPS for the current fiscal year.

Institutional Trading of Booking

Several hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Booking by 9.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,402,114 shares of the business services provider’s stock valued at $2,825,652,000 after acquiring an additional 119,153 shares in the last quarter. Schroder Investment Management Group raised its stake in Booking by 0.7% in the fourth quarter. Schroder Investment Management Group now owns 544,169 shares of the business services provider’s stock valued at $1,096,653,000 after buying an additional 3,699 shares in the last quarter. Norges Bank acquired a new stake in Booking in the fourth quarter valued at $1,068,137,000. AKO Capital LLP raised its stake in Booking by 1.5% in the fourth quarter. AKO Capital LLP now owns 372,287 shares of the business services provider’s stock valued at $750,263,000 after buying an additional 5,403 shares in the last quarter. Finally, GUARDCAP ASSET MANAGEMENT Ltd raised its stake in Booking by 1.0% in the second quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 315,767 shares of the business services provider’s stock valued at $552,273,000 after buying an additional 3,104 shares in the last quarter. 89.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BKNG has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their target price on Booking from $2,250.00 to $2,630.00 and gave the company a “neutral” rating in a report on Friday, February 24th. Credit Suisse Group upped their price target on Booking from $2,600.00 to $2,850.00 and gave the company an “outperform” rating in a research report on Friday, February 24th. Gordon Haskett lowered Booking from a “buy” rating to a “hold” rating in a research report on Wednesday, January 25th. Morgan Stanley upped their price target on Booking from $2,300.00 to $2,500.00 and gave the company an “equal weight” rating in a research report on Monday, February 27th. Finally, StockNews.com initiated coverage on Booking in a research report on Thursday. They issued a “buy” rating for the company. Nine research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,675.16.

About Booking

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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.