Facet Wealth Inc. Purchases Shares of 47 Booking Holdings Inc. $BKNG

Facet Wealth Inc. acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the 2nd quarter, Holdings Channel reports. The fund acquired 47 shares of the business services provider’s stock, valued at approximately $259,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Preservation Advisors LLC purchased a new position in shares of Booking in the first quarter worth $28,000. Atwood & Palmer Inc. purchased a new position in Booking in the 2nd quarter worth $29,000. Keystone Global Partners LLC purchased a new position in Booking in the 1st quarter worth $32,000. O Brien Wealth Partners LLC purchased a new position in shares of Booking in the second quarter worth about $35,000. Finally, First PREMIER Bank raised its stake in shares of Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after purchasing an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $5,254.40 on Tuesday. The firm has a market cap of $170.30 billion, a PE ratio of 36.54, a PEG ratio of 1.59 and a beta of 1.35. The firm has a fifty day moving average of $5,427.23 and a 200 day moving average of $5,378.47. Booking Holdings Inc. has a one year low of $4,096.23 and a one year high of $5,839.41.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping the consensus estimate of $50.32 by $5.08. The company had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $41.90 EPS. On average, equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Insider Transactions at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the sale, the director directly owned 131 shares in the company, valued at approximately $722,045.80. The trade was a 32.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 625 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the sale, the chief executive officer owned 22,982 shares of the company’s stock, valued at approximately $118,162,642.46. This trade represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,197 shares of company stock valued at $17,260,963 over the last 90 days. Corporate insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on BKNG shares. Royal Bank Of Canada raised their price objective on Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Booking in a research report on Tuesday, October 14th. Mizuho initiated coverage on shares of Booking in a report on Monday, September 29th. They set a “neutral” rating and a $5,975.00 target price for the company. Wedbush reissued a “neutral” rating and set a $5,900.00 target price on shares of Booking in a report on Wednesday, July 30th. Finally, UBS Group raised their target price on shares of Booking from $6,363.00 to $6,743.00 and gave the stock a “buy” rating in a report on Friday. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6,014.85.

Booking Company Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.