Compagnie Lombard Odier SCmA Buys 1,460 Shares of Booking Holdings Inc. $BKNG

Compagnie Lombard Odier SCmA boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 32.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,949 shares of the business services provider’s stock after acquiring an additional 1,460 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Booking were worth $32,120,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its position in Booking by 7.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 6,914 shares of the business services provider’s stock worth $38,132,000 after buying an additional 492 shares in the last quarter. Y Intercept Hong Kong Ltd increased its position in Booking by 15.6% during the second quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock worth $2,958,000 after buying an additional 69 shares during the last quarter. Donaldson Capital Management LLC increased its holdings in shares of Booking by 59.6% during the 3rd quarter. Donaldson Capital Management LLC now owns 1,119 shares of the business services provider’s stock worth $6,042,000 after acquiring an additional 418 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Booking by 67.3% during the second quarter. Panagora Asset Management Inc. now owns 30,210 shares of the business services provider’s stock worth $174,893,000 after purchasing an additional 12,148 shares during the period. Finally, GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in shares of Booking by 339.0% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 180 shares of the business services provider’s stock worth $974,000 after buying an additional 139 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Trading Down 4.9%

Shares of Booking stock opened at $4,237.05 on Tuesday. The company has a market cap of $136.56 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 0.96 and a beta of 1.21. The company has a 50 day moving average of $5,189.70 and a 200-day moving average of $5,266.04. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41.

Insider Transactions at Booking

In related news, Director Robert J. Mylod, Jr. sold 40 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $5,105.36, for a total value of $204,214.40. Following the sale, the director directly owned 840 shares of the company’s stock, valued at $4,288,502.40. This trade represents a 4.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Glenn D. Fogel sold 953 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $5,181.34, for a total transaction of $4,937,817.02. Following the completion of the transaction, the chief executive officer directly owned 19,615 shares of the company’s stock, valued at $101,631,984.10. This trade represents a 4.63% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 3,124 shares of company stock valued at $16,194,538. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BKNG. B. Riley Financial upped their price objective on Booking from $6,700.00 to $6,800.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Citizens Jmp reissued a “market perform” rating on shares of Booking in a research report on Wednesday, February 4th. Cantor Fitzgerald raised their price target on shares of Booking from $5,550.00 to $5,830.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Sanford C. Bernstein dropped their price objective on shares of Booking from $5,433.00 to $5,407.00 and set a “market perform” rating for the company in a research note on Tuesday, January 6th. Finally, Barclays boosted their price objective on shares of Booking from $6,000.00 to $6,250.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Twenty-seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $6,180.00.

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.