Meadowbrook Wealth Management LLC Grows Position in Booking Holdings Inc. $BKNG

Meadowbrook Wealth Management LLC grew its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2,042.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,000 shares of the business services provider’s stock after purchasing an additional 2,860 shares during the period. Meadowbrook Wealth Management LLC’s holdings in Booking were worth $548,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. J. Stern & Co. LLP increased its position in Booking by 191,965.8% during the 4th quarter. J. Stern & Co. LLP now owns 2,832,970 shares of the business services provider’s stock worth $15,171,489,000 after purchasing an additional 2,831,495 shares in the last quarter. Bank of Nova Scotia lifted its position in Booking by 1,497.3% during the first quarter. Bank of Nova Scotia now owns 870,520 shares of the business services provider’s stock valued at $3,665,168,000 after buying an additional 816,022 shares in the last quarter. Norges Bank acquired a new position in Booking during the fourth quarter valued at approximately $3,271,041,000. Cardano Risk Management B.V. grew its stake in Booking by 862.0% during the fourth quarter. Cardano Risk Management B.V. now owns 218,080 shares of the business services provider’s stock worth $1,167,890,000 after buying an additional 195,411 shares during the period. Finally, Confluence Investment Management LLC grew its stake 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 worth $34,715,000 after buying an additional 188,622 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Down 0.1%

Shares of NASDAQ:BKNG opened at $192.71 on Tuesday. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $231.80. The company has a 50 day moving average of $176.34 and a two-hundred day moving average of $176.70. The company has a market capitalization 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.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BKNG. Argus set a $210.00 price objective on shares of Booking and gave the stock a “buy” rating in a research report on Thursday, July 9th. B. Riley Financial reduced their target price on shares of Booking from $272.00 to $264.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Mizuho decreased their price target on shares of Booking from $230.00 to $220.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft lowered their price target on Booking from $210.00 to $202.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Finally, HSBC cut their price objective on Booking from $309.84 to $298.00 and set a “buy” rating on the stock in a research report on Wednesday, April 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $227.23.

Insider Transactions at Booking

In other news, Director Vanessa Ames Wittman sold 1,125 shares of the company’s stock in a transaction 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 transaction, the director directly owned 16,508 shares in the company, valued at approximately $3,169,536. This represents a 6.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the completion of the transaction, the vice president owned 425,075 shares of the company’s stock, valued at $69,572,025.25. This trade represents a 12.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 68,625 shares of company stock valued at $11,445,375. Corporate insiders own 0.17% of the company’s stock.

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.