Rothschild & Co Wealth Management UK Ltd Buys 472 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Key Points

• Rothschild & Co Wealth Management UK Ltd increased its stake in Booking Holdings Inc. by 0.3%, owning 136,309 shares worth approximately $627.96 million, which represents about 10.6% of their total holdings.
• CEO Glenn D. Fogel sold 1,013 shares valued at over $5.7 million, reducing his ownership to 26,633 shares worth around $151.67 million, indicating a 3.66% decrease in his position.
• Analysts have set a range of price targets for Booking stock, with an average target of $5,454.26 and a consensus rating of "Moderate Buy," signifying positive investor sentiment despite recent stock performance.

Rothschild & Co Wealth Management UK Ltd lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 0.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 136,309 shares of the business services provider's stock after acquiring an additional 472 shares during the period. Booking accounts for about 10.6% of Rothschild & Co Wealth Management UK Ltd's investment portfolio, making the stock its 4th largest position. Rothschild & Co Wealth Management UK Ltd owned approximately 0.42% of Booking worth $627,963,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC bought a new stake in shares of Booking during the fourth quarter valued at approximately $30,000. Bernard Wealth Management Corp. bought a new stake in shares of Booking during the fourth quarter valued at approximately $30,000. Kapitalo Investimentos Ltda bought a new stake in shares of Booking during the fourth quarter valued at approximately $40,000. Alpine Bank Wealth Management bought a new stake in shares of Booking during the first quarter valued at approximately $41,000. Finally, North Capital Inc. bought a new stake in shares of Booking during the first quarter valued at approximately $46,000. 92.42% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the transaction, the chief executive officer owned 26,633 shares in the company, valued at $151,674,935. This trade represents a 3.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 3,039 shares of company stock worth $16,963,769. Company insiders own 0.16% of the company's stock.

Booking Stock Performance

NASDAQ:BKNG traded down $75.50 during mid-day trading on Tuesday, hitting $5,603.25. 104,421 shares of the stock were exchanged, compared to its average volume of 252,437. The stock has a market capitalization of $182.33 billion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 1.70 and a beta of 1.40. The firm's 50-day simple moving average is $5,552.49 and its 200 day simple moving average is $5,057.72. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, topping the consensus estimate of $17.57 by $7.24. The business had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $20.39 EPS. On average, analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BKNG. JPMorgan Chase & Co. boosted their price target on Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Piper Sandler decreased their price target on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Hsbc Global Res raised Booking to a "strong-buy" rating in a research note on Thursday, July 17th. Morgan Stanley reduced their price objective on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Finally, Bank of America boosted their target price on Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,481.78.

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.