Meitav Investment House Ltd. Sells 576 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Meitav Investment House Ltd. decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 29.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,375 shares of the business services provider’s stock after selling 576 shares during the quarter. Meitav Investment House Ltd.’s holdings in Booking were worth $5,541,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Solidarity Wealth LLC raised its holdings in shares of Booking by 17.2% in the third quarter. Solidarity Wealth LLC now owns 1,738 shares of the business services provider’s stock valued at $7,321,000 after purchasing an additional 255 shares during the last quarter. SteelPeak Wealth LLC boosted its holdings in Booking by 560.5% during the third quarter. SteelPeak Wealth LLC now owns 1,169 shares of the business services provider’s stock worth $4,924,000 after purchasing an additional 992 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in Booking by 12.4% in the third quarter. First Trust Direct Indexing L.P. now owns 1,216 shares of the business services provider’s stock valued at $5,123,000 after purchasing an additional 134 shares in the last quarter. Edge Financial Advisors LLC bought a new stake in Booking during the 3rd quarter worth about $212,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Booking by 1.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 290 shares of the business services provider’s stock worth $1,258,000 after buying an additional 3 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Booking

In other news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.12% of the stock is owned by insiders.

Booking Trading Up 7.5 %

Shares of BKNG opened at $4,797.96 on Thursday. The stock has a market capitalization of $160.83 billion, a PE ratio of 33.44, a P/E/G ratio of 1.44 and a beta of 1.40. The firm’s 50 day moving average is $4,100.42 and its 200-day moving average is $3,866.59. Booking Holdings Inc. has a 12 month low of $2,756.13 and a 12 month high of $4,856.60.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported $83.89 EPS for the quarter, topping analysts’ consensus estimates of $77.94 by $5.95. The firm had revenue of $7.99 billion for the quarter, compared to analyst estimates of $7.63 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. Equities research analysts predict that Booking Holdings Inc. will post 177.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on BKNG. JPMorgan Chase & Co. reduced their price target on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. StockNews.com downgraded Booking from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Truist Financial initiated coverage on shares of Booking in a research note on Friday, September 6th. They issued a “hold” rating and a $4,100.00 target price for the company. Wells Fargo & Company upped their price target on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Piper Sandler lifted their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,408.93.

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.