Van ECK Associates Corp Sells 5 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Van ECK Associates Corp reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 991 shares of the business services provider’s stock after selling 5 shares during the quarter. Van ECK Associates Corp’s holdings in Booking were worth $3,056,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Archer Investment Corp purchased a new position in Booking during the second quarter valued at approximately $27,000. Sutton Wealth Advisors Inc. raised its position in Booking by 44.4% during the third quarter. Sutton Wealth Advisors Inc. now owns 13 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 4 shares in the last quarter. KB Financial Partners LLC purchased a new position in Booking during the first quarter valued at approximately $34,000. Janiczek Wealth Management LLC purchased a new position in Booking during the third quarter valued at approximately $46,000. Finally, Brown Shipley& Co Ltd raised its position in Booking by 41.7% during the second quarter. Brown Shipley& Co Ltd now owns 17 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 5 shares in the last quarter. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Booking

In other news, CFO David I. Goulden sold 1,000 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $3,494.47, for a total transaction of $3,494,470.00. Following the completion of the transaction, the chief financial officer now directly owns 10,204 shares in the company, valued at approximately $35,657,571.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO David I. Goulden sold 1,000 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $3,494.47, for a total transaction of $3,494,470.00. Following the completion of the transaction, the chief financial officer now directly owns 10,204 shares in the company, valued at approximately $35,657,571.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 28 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $3,497.80, for a total value of $97,938.40. Following the transaction, the director now owns 348 shares of the company’s stock, valued at $1,217,234.40. The disclosure for this sale can be found here. Insiders sold a total of 1,837 shares of company stock worth $6,430,991 in the last three months. 0.15% of the stock is owned by corporate insiders.

Booking Stock Up 0.9 %

Shares of NASDAQ:BKNG opened at $3,790.23 on Tuesday. The business has a fifty day moving average of $3,504.07 and a two-hundred day moving average of $3,210.71. The stock has a market cap of $132.24 billion, a P/E ratio of 26.39, a PEG ratio of 1.08 and a beta of 1.41. Booking Holdings Inc. has a 52-week low of $2,366.59 and a 52-week high of $3,844.76.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BKNG. HSBC began coverage on Booking in a research report on Monday, October 23rd. They issued a “buy” rating and a $3,650.00 price objective for the company. JMP Securities restated a “market outperform” rating and issued a $3,600.00 price objective on shares of Booking in a research report on Monday, November 6th. Ascendiant Capital Markets boosted their price objective on Booking from $3,700.00 to $3,900.00 and gave the company a “buy” rating in a research report on Friday, December 29th. Mizuho boosted their price objective on Booking from $3,580.00 to $4,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, TD Cowen boosted their price objective on Booking from $3,250.00 to $4,000.00 and gave the company an “outperform” rating in a research report on Tuesday, December 12th. Seven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $3,582.54.

Read Our Latest Analysis on Booking

About Booking

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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