Skandinaviska Enskilda Banken AB publ Has $192.04 Million Stake in Booking Holdings Inc. $BKNG

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 16.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,615 shares of the business services provider’s stock after buying an additional 5,031 shares during the quarter. Booking makes up 0.8% of Skandinaviska Enskilda Banken AB publ’s portfolio, making the stock its 20th largest position. Skandinaviska Enskilda Banken AB publ owned about 0.11% of Booking worth $192,041,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BKNG. Accretive Wealth Partners LLC boosted its position in Booking by 0.5% during the second quarter. Accretive Wealth Partners LLC now owns 370 shares of the business services provider’s stock valued at $2,143,000 after purchasing an additional 2 shares during the last quarter. UNIVEST FINANCIAL Corp grew its stake in shares of Booking by 4.5% in the second quarter. UNIVEST FINANCIAL Corp now owns 46 shares of the business services provider’s stock valued at $267,000 after buying an additional 2 shares in the last quarter. Haven Private LLC increased its holdings in Booking by 3.0% during the second quarter. Haven Private LLC now owns 68 shares of the business services provider’s stock worth $394,000 after buying an additional 2 shares during the last quarter. Premier Path Wealth Partners LLC raised its position in Booking by 1.0% during the second quarter. Premier Path Wealth Partners LLC now owns 207 shares of the business services provider’s stock worth $1,200,000 after acquiring an additional 2 shares in the last quarter. Finally, Horizon Investment Services LLC lifted its stake in Booking by 0.3% in the second quarter. Horizon Investment Services LLC now owns 605 shares of the business services provider’s stock valued at $3,503,000 after acquiring an additional 2 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 953 shares of Booking stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $5,181.34, for a total value of $4,937,817.02. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert J. Mylod, Jr. sold 40 shares of the company’s stock in a transaction on 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 owned 840 shares of the company’s stock, valued at $4,288,502.40. The trade was a 4.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 2,096 shares of company stock valued at $11,120,014. Company insiders own 0.16% of the company’s stock.

Booking Stock Down 0.4%

BKNG stock opened at $4,140.60 on Tuesday. Booking Holdings Inc. has a 52 week low of $4,071.60 and a 52 week high of $5,839.41. The business has a 50-day simple moving average of $5,098.76 and a 200 day simple moving average of $5,216.87. The company has a market cap of $133.45 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 0.89 and a beta of 1.21.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BKNG. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $5,920.00 target price on shares of Booking in a report on Tuesday, January 27th. Benchmark upped their price objective on Booking from $6,200.00 to $6,400.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Mizuho upgraded Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 target price for the company in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft boosted their target price on Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Finally, Seaport Research Partners raised their price target on Booking from $6,030.00 to $6,260.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Twenty-eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $6,171.56.

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.