MassMutual Private Wealth & Trust FSB Increases Stock Position in Booking Holdings Inc. $BKNG

MassMutual Private Wealth & Trust FSB lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 2,340.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,771 shares of the business services provider’s stock after acquiring an additional 138,839 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Booking were worth $25,804,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in BKNG. Daytona Street Capital LLC bought a new position in Booking during the fourth quarter valued at approximately $27,000. Legacy Bridge LLC bought a new stake in Booking in the 4th quarter worth approximately $27,000. Camelot Portfolios LLC purchased a new stake in Booking during the 4th quarter valued at $27,000. Osbon Capital Management LLC purchased a new stake in Booking during the 4th quarter valued at $27,000. Finally, Mcguire Capital Advisors Inc. bought a new position in shares of Booking during the 4th quarter valued at $27,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Price Performance

Shares of Booking stock opened at $192.71 on Tuesday. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year high of $231.80. The company’s fifty day simple moving average is $176.34 and its 200-day simple moving average is $176.70. The stock has a market capitalization of $149.33 billion, a PE ratio of 25.35, a P/E/G ratio of 1.21 and a beta of 1.07.

Insider Buying and Selling

In other Booking news, Director Vanessa Ames Wittman sold 1,125 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $192.00, for a total value of $216,000.00. Following the completion of the sale, the director owned 16,508 shares in the company, valued at $3,169,536. This represents a 6.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 dated Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total value of $10,229,375.00. Following the transaction, the vice president directly owned 425,075 shares in the company, valued at approximately $69,572,025.25. The trade was 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. In the last three months, insiders have sold 68,625 shares of company stock valued at $11,445,375. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BKNG shares. Tigress Financial restated a “strong-buy” rating and issued a $260.00 price target (up from $244.00) on shares of Booking in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft reduced 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. Wedbush started coverage on Booking in a report on Thursday, July 16th. They issued an “outperform” rating and a $211.00 target price on the stock. DA Davidson dropped their target price on Booking from $240.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Weiss Ratings upgraded Booking from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $227.23.

Booking 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.