Gunderson Capital Management Inc. Raises Position in Booking Holdings Inc. (NASDAQ:BKNG)

Gunderson Capital Management Inc. raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,569 shares of the business services provider’s stock after buying an additional 43 shares during the period. Booking comprises approximately 2.8% of Gunderson Capital Management Inc.’s portfolio, making the stock its 17th largest position. Gunderson Capital Management Inc.’s holdings in Booking were worth $4,237,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Grey Fox Wealth Advisors LLC bought a new position in Booking during the 4th quarter worth approximately $26,000. Albion Financial Group UT purchased a new position in shares of Booking in the first quarter worth $27,000. Arlington Partners LLC bought a new stake in Booking during the 1st quarter valued at $27,000. Delta Asset Management LLC TN purchased a new stake in Booking during the 4th quarter valued at $30,000. Finally, AXS Investments LLC purchased a new position in shares of Booking in the fourth quarter valued at about $30,000. 92.13% of the stock is owned by institutional investors.

Insider Activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $2,917.01, for a total value of $2,187,757.50. Following the completion of the transaction, the chief executive officer now directly owns 39,949 shares in the company, valued at approximately $116,531,632.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO David I. Goulden sold 550 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $2,857.23, for a total transaction of $1,571,476.50. Following the completion of the transaction, the chief financial officer now directly owns 13,954 shares of the company’s stock, valued at $39,869,787.42. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $2,917.01, for a total value of $2,187,757.50. Following the transaction, the chief executive officer now owns 39,949 shares of the company’s stock, valued at approximately $116,531,632.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,012 shares of company stock valued at $9,214,984. 0.15% of the stock is owned by company insiders.

Booking Stock Performance

NASDAQ BKNG traded down $37.41 on Friday, reaching $3,160.15. 857,599 shares of the stock were exchanged, compared to its average volume of 210,014. The firm has a market capitalization of $112.79 billion, a PE ratio of 27.29, a PEG ratio of 1.11 and a beta of 1.35. Booking Holdings Inc. has a one year low of $1,616.85 and a one year high of $3,251.71. The company’s 50-day simple moving average is $3,036.39 and its two-hundred day simple moving average is $2,760.30. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 11.16.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, August 3rd. The business services provider reported $37.62 earnings per share for the quarter, topping the consensus estimate of $28.84 by $8.78. Booking had a net margin of 23.04% and a return on equity of 285.21%. The company had revenue of $5.50 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter in the prior year, the firm posted $19.08 EPS. Booking’s quarterly revenue was up 27.9% compared to the same quarter last year. Analysts expect that Booking Holdings Inc. will post 144.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BKNG. Oppenheimer boosted their price target on Booking from $3,000.00 to $3,500.00 and gave the company an “outperform” rating in a report on Monday, July 31st. Credit Suisse Group upped their target price on Booking from $2,950.00 to $3,325.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Jefferies Financial Group lifted their price target on shares of Booking from $3,350.00 to $3,400.00 and gave the company a “buy” rating in a report on Tuesday, July 25th. Morgan Stanley boosted their price objective on shares of Booking from $2,800.00 to $3,000.00 and gave the company an “equal weight” rating in a research report on Friday, August 18th. Finally, TD Cowen lifted their target price on shares of Booking from $3,325.00 to $3,600.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $3,137.29.

Booking Company Profile

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.