Mawer Investment Management Ltd. Has $773.36 Million Position in Booking Holdings Inc. $BKNG

Mawer Investment Management Ltd. trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 9.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,234 shares of the business services provider’s stock after selling 15,568 shares during the quarter. Booking accounts for approximately 4.0% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 7th largest holding. Mawer Investment Management Ltd.’s holdings in Booking were worth $773,359,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BKNG. Brighton Jones LLC lifted its holdings in Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after buying an additional 65 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Booking during the fourth quarter worth approximately $209,000. Sivia Capital Partners LLC raised its stake in shares of Booking by 25.0% during the second quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock valued at $955,000 after acquiring an additional 33 shares in the last quarter. Bouchey Financial Group Ltd bought a new stake in shares of Booking during the second quarter valued at approximately $208,000. Finally, Clearstead Trust LLC boosted its holdings in shares of Booking by 13.3% in the second quarter. Clearstead Trust LLC now owns 136 shares of the business services provider’s stock valued at $787,000 after purchasing an additional 16 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Jefferies Financial Group decreased their target price on Booking from $5,800.00 to $5,600.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. Wells Fargo & Company raised their price target on Booking from $5,523.00 to $5,954.00 and gave the company an “equal weight” rating in a research note on Friday, January 9th. Truist Financial set a $5,810.00 price objective on shares of Booking in a research note on Wednesday, October 29th. Robert W. Baird set a $6,325.00 target price on shares of Booking in a report on Wednesday, October 29th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $5,920.00 target price on shares of Booking in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $6,205.88.

Insiders Place Their Bets

In related news, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $5,191.15, for a total value of $77,867.25. Following the transaction, the director directly owned 687 shares of the company’s stock, valued at $3,566,320.05. This represents a 2.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Glenn D. Fogel sold 953 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $5,181.34, for a total value of $4,937,817.02. Following the completion of the transaction, the chief executive officer 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 disclosure for this sale is available in the SEC filing. Insiders have sold 3,324 shares of company stock worth $17,190,323 over the last three months. Corporate insiders own 0.16% of the company’s stock.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $5,001.84 on Monday. The business’s 50-day moving average is $5,227.65 and its 200 day moving average is $5,313.32. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41. The firm has a market capitalization of $161.21 billion, a P/E ratio of 32.51, a P/E/G ratio of 1.07 and a beta of 1.21.

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.