4,200 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Purchased by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNGGet Rating) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,200 shares of the business services provider’s stock, valued at approximately $7,346,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Ritholtz Wealth Management boosted its holdings in Booking by 661.2% in the 2nd quarter. Ritholtz Wealth Management now owns 3,037 shares of the business services provider’s stock valued at $5,312,000 after purchasing an additional 2,638 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of Booking by 7.4% during the 2nd quarter. IFM Investors Pty Ltd now owns 7,018 shares of the business services provider’s stock valued at $12,274,000 after acquiring an additional 483 shares during the period. Gofen & Glossberg LLC IL lifted its position in shares of Booking by 25.9% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 146 shares of the business services provider’s stock valued at $255,000 after acquiring an additional 30 shares during the period. First Bancorp Inc ME acquired a new stake in shares of Booking during the 2nd quarter valued at approximately $234,000. Finally, Highland Private Wealth Management lifted its position in shares of Booking by 51.7% during the 2nd quarter. Highland Private Wealth Management now owns 229 shares of the business services provider’s stock valued at $401,000 after acquiring an additional 78 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity

In other news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $2,126.07, for a total value of $1,594,552.50. Following the sale, the chief executive officer now owns 47,565 shares in the company, valued at approximately $101,126,519.55. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $2,126.07, for a total transaction of $1,594,552.50. Following the sale, the chief executive officer now owns 47,565 shares in the company, valued at $101,126,519.55. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert J. Mylod, Jr. acquired 500 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were acquired at an average price of $1,912.37 per share, for a total transaction of $956,185.00. Following the purchase, the director now owns 2,580 shares of the company’s stock, valued at $4,933,914.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 1,440 shares of company stock worth $3,003,813. 0.13% of the stock is currently owned by corporate insiders.

Booking Stock Down 3.1 %

BKNG stock traded down $53.55 during trading on Friday, reaching $1,667.03. The stock had a trading volume of 15,076 shares, compared to its average volume of 377,093. Booking Holdings Inc. has a 1-year low of $1,669.34 and a 1-year high of $2,715.66. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $66.20 billion, a P/E ratio of 45.87, a PEG ratio of 1.17 and a beta of 1.23. The firm has a fifty day moving average price of $1,925.27 and a 200 day moving average price of $2,038.88.

Booking (NASDAQ:BKNGGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The business services provider reported $19.08 EPS for the quarter, topping analysts’ consensus estimates of $17.93 by $1.15. Booking had a net margin of 10.54% and a return on equity of 62.69%. During the same period last year, the company posted ($2.55) EPS. On average, equities analysts anticipate that Booking Holdings Inc. will post 93.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BKNG shares. JPMorgan Chase & Co. reduced their price target on shares of Booking from $2,900.00 to $2,435.00 and set an “overweight” rating for the company in a research report on Wednesday, June 29th. Piper Sandler cut their price objective on Booking from $2,500.00 to $2,050.00 and set a “neutral” rating for the company in a research report on Thursday, August 4th. Atlantic Securities cut their price objective on Booking to $2,100.00 in a research report on Tuesday, August 9th. The Goldman Sachs Group cut their price objective on Booking from $2,460.00 to $2,360.00 and set a “neutral” rating for the company in a research report on Thursday, June 9th. Finally, DA Davidson cut their price objective on Booking from $2,300.00 to $2,150.00 and set a “neutral” rating for the company in a research report on Monday, September 12th. Eight equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2,550.37.

Booking Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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