First County Bank CT Boosts Stock Holdings in Booking Holdings Inc. $BKNG

First County Bank CT lifted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2,498.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,378 shares of the business services provider’s stock after acquiring an additional 3,248 shares during the quarter. First County Bank CT’s holdings in Booking were worth $602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Confluence Investment Management LLC grew its position in Booking by 3,070.5% during the second quarter. Confluence Investment Management LLC now owns 194,765 shares of the business services provider’s stock valued at $34,715,000 after buying an additional 188,622 shares during the period. Adelphi Trust Co increased its holdings in Booking by 2,506.8% in the second quarter. Adelphi Trust Co now owns 9,593 shares of the business services provider’s stock valued at $1,710,000 after buying an additional 9,225 shares in the last quarter. Eastern Bank raised its position in shares of Booking by 322.4% in the second quarter. Eastern Bank now owns 3,265 shares of the business services provider’s stock worth $582,000 after acquiring an additional 2,492 shares during the period. Roxbury Financial LLC boosted its stake in shares of Booking by 2,450.0% during the 2nd quarter. Roxbury Financial LLC now owns 204 shares of the business services provider’s stock worth $36,000 after acquiring an additional 196 shares in the last quarter. Finally, Redwood Investment Management LLC purchased a new stake in shares of Booking during the 1st quarter worth about $1,057,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Vanessa Ames Wittman sold 1,125 shares of Booking stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $192.00, for a total value of $216,000.00. Following the sale, the director directly owned 16,508 shares of the company’s stock, valued at $3,169,536. The trade was a 6.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of Booking stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total value of $10,229,375.00. Following the completion of the sale, the vice president directly owned 425,075 shares in the company, valued at $69,572,025.25. This represents a 12.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 68,625 shares of company stock worth $11,445,375 over the last quarter. 0.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BKNG has been the topic of a number of analyst reports. Royal Bank Of Canada dropped their target price on Booking from $244.00 to $220.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. UBS Group increased their price target on Booking from $249.00 to $266.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Gordon Haskett increased their price target on Booking from $217.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Wells Fargo & Company set a $214.00 price objective on Booking and gave the company an “equal weight” rating in a report on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Booking from $210.00 to $202.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average price target of $227.23.

Booking Trading Down 0.1%

NASDAQ:BKNG opened at $192.71 on Tuesday. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $231.80. The stock has a 50 day moving average of $176.34 and a two-hundred day moving average of $176.70. The firm has a market cap of $149.33 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 1.21 and a beta of 1.07.

Booking Company Profile

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.