Booking Holdings Inc. $BKNG Shares Acquired by Stableford Capital II LLC

Stableford Capital II LLC increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 4,027.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,201 shares of the business services provider’s stock after purchasing an additional 5,075 shares during the period. Stableford Capital II LLC’s holdings in Booking were worth $927,000 at the end of the most recent quarter.

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

Booking Stock Down 0.1%

Shares of Booking stock opened at $192.71 on Tuesday. The firm has a market cap of $149.33 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 1.21 and a beta of 1.07. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $231.80. The company’s 50-day simple moving average is $176.34 and its 200-day simple moving average is $176.70.

Insiders Place Their Bets

In other news, Director Robert J. Mylod, Jr. sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $200.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the director directly owned 16,000 shares of the company’s stock, valued at approximately $3,200,000. This represents a 23.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total value of $216,000.00. Following the completion of the sale, the director directly owned 16,508 shares of the company’s stock, valued at $3,169,536. This represents a 6.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 68,625 shares of company stock worth $11,445,375. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TD Cowen reaffirmed a “buy” rating and issued a $230.00 target price (down from $240.00) on shares of Booking in a report on Wednesday, April 29th. Robert W. Baird decreased their price target on shares of Booking from $234.00 to $215.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Wells Fargo & Company set a $214.00 price objective on shares of Booking and gave the stock an “equal weight” rating in a research report on Tuesday, June 30th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $175.00 target price (down from $180.00) on shares of Booking in a report on Wednesday, April 29th. Finally, B. Riley Financial reduced their target price on shares of Booking from $272.00 to $264.00 and set a “buy” rating for the company in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company 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.