Little House Capital LLC Makes New $718,000 Investment in Booking Holdings Inc. $BKNG

Little House Capital LLC bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 133 shares of the business services provider’s stock, valued at approximately $718,000.

Several other institutional investors also recently added to or reduced their stakes in BKNG. J. Safra Sarasin Holding AG increased its position in shares of Booking by 4.3% during the third quarter. J. Safra Sarasin Holding AG now owns 15,525 shares of the business services provider’s stock worth $83,822,000 after acquiring an additional 633 shares during the period. Phoenix Financial Ltd. increased its holdings in Booking by 29.6% during the 3rd quarter. Phoenix Financial Ltd. now owns 355 shares of the business services provider’s stock worth $1,917,000 after purchasing an additional 81 shares during the period. Paragon Private Wealth Management LLC bought a new stake in Booking during the 3rd quarter valued at $286,000. Vanguard Personalized Indexing Management LLC raised its position in Booking by 1.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,193 shares of the business services provider’s stock valued at $28,049,000 after purchasing an additional 75 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc lifted its holdings in shares of Booking by 28.2% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 4,660 shares of the business services provider’s stock worth $25,127,000 after buying an additional 1,026 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Trading Up 0.9%

Shares of BKNG opened at $5,153.41 on Wednesday. The firm has a market cap of $166.09 billion, a PE ratio of 33.49, a P/E/G ratio of 1.11 and a beta of 1.23. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The stock has a fifty day moving average price of $5,204.48 and a 200-day moving average price of $5,326.70.

Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $95.56 by $3.94. The company had revenue of $9.01 billion for the quarter, compared to analyst estimates of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company posted $83.39 EPS. As a group, research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 200 shares of Booking stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total value of $1,000,000.00. Following the completion of the sale, the insider directly owned 1,514 shares in the company, valued at $7,570,000. This trade represents a 11.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $5,362.00, for a total transaction of $80,430.00. Following the transaction, the director owned 702 shares in the company, valued at $3,764,124. The trade was a 2.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,324 shares of company stock valued at $17,190,323. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Cantor Fitzgerald raised their price target on Booking from $5,550.00 to $5,830.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Wells Fargo & Company raised their target price on shares of Booking from $5,523.00 to $5,954.00 and gave the company an “equal weight” rating in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Wedbush raised shares of Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 price objective on the stock in a report on Thursday, November 13th. Finally, Rothschild & Co Redburn boosted their price objective on shares of Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average price target of $6,205.88.

Booking Company 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.