Mutual of America Capital Management LLC Sells 193 Shares of Booking Holdings Inc. $BKNG

Mutual of America Capital Management LLC reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,158 shares of the business services provider’s stock after selling 193 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Booking were worth $22,450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BKNG. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Booking by 150.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 3 shares in the last quarter. Westside Investment Management Inc. increased its stake in shares of Booking by 400.0% in the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after buying an additional 4 shares during the period. Davis Capital Management bought a new position in shares of Booking during the third quarter worth about $32,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in Booking by 100.0% in the second quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 3 shares during the last quarter. Finally, Howard Hughes Medical Institute bought a new stake in Booking during the second quarter valued at $41,000. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on BKNG shares. KeyCorp lifted their price target on shares of Booking from $6,450.00 to $6,630.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. The Goldman Sachs Group upped their price target on Booking from $5,640.00 to $6,050.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Wells Fargo & Company raised their price objective on Booking from $5,523.00 to $5,954.00 and gave the company an “equal weight” rating in a research note on Friday, January 9th. Rothschild & Co Redburn upped their target price on Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen upgraded Booking from a “hold” rating to a “buy” rating in a report on Sunday, January 4th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $6,209.94.

Booking Stock Performance

Shares of BKNG stock opened at $5,098.50 on Monday. The company has a market capitalization of $164.32 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 1.11 and a beta of 1.23. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41. The company has a 50-day simple moving average of $5,191.00 and a two-hundred day simple moving average of $5,334.97.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping the consensus estimate of $95.56 by $3.94. The firm had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $83.39 EPS. On average, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $5,362.00, for a total value of $80,430.00. Following the completion of the transaction, the director owned 702 shares in the company, valued at $3,764,124. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Mylod, Jr. sold 40 shares of Booking stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director owned 960 shares of the company’s stock, valued at $4,800,000. This represents a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,324 shares of company stock worth $17,190,323 in the last ninety days. Company insiders own 0.16% of the company’s stock.

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.