ING Groep NV Cuts Stake in Booking Holdings Inc. $BKNG

ING Groep NV lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 10.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,396 shares of the business services provider’s stock after selling 2,039 shares during the period. ING Groep NV owned approximately 0.06% of Booking worth $99,325,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC raised its stake in shares of Booking by 150.0% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 3 shares in the last quarter. Guerra Advisors Inc purchased a new stake in Booking during the 3rd quarter worth about $27,000. Westside Investment Management Inc. raised its position in Booking by 400.0% in the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 4 shares in the last quarter. Davis Capital Management purchased a new position in shares of Booking in the 3rd quarter valued at about $32,000. Finally, Oakworth Capital Inc. grew its position in shares of Booking by 50.0% during the third quarter. Oakworth Capital Inc. now owns 6 shares of the business services provider’s stock worth $32,000 after buying an additional 2 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking News Summary

Here are the key news stories impacting Booking this week:

Insider Transactions at Booking

In related news, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $5,191.15, for a total transaction of $77,867.25. Following the transaction, the director owned 687 shares in the company, valued at $3,566,320.05. This trade represents a 2.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 953 shares of the business’s 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 completion of the sale, the chief executive officer owned 19,615 shares of the company’s stock, valued at approximately $101,631,984.10. This represents a 4.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 3,124 shares of company stock worth $16,194,538. Corporate insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on BKNG shares. Wall Street Zen raised shares of Booking from a “hold” rating to a “buy” rating in a report on Sunday, January 4th. TD Cowen restated a “buy” rating on shares of Booking in a report on Wednesday, December 3rd. Jefferies Financial Group decreased their price objective on shares of 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. Truist Financial set a $5,810.00 target price on Booking in a report on Wednesday, October 29th. Finally, Wedbush cut their price target on Booking from $6,000.00 to $5,500.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Twenty-eight research analysts have rated the stock with a Buy rating and nine have issued 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 $6,171.56.

View Our Latest Report on Booking

Booking Price Performance

Shares of BKNG opened at $4,284.26 on Wednesday. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The stock has a market cap of $138.10 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 0.91 and a beta of 1.21. The firm has a fifty day moving average price of $5,172.68 and a 200 day moving average price of $5,256.55.

About Booking

(Free Report)

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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