Fifth Third Bancorp increases stake in Booking Holdings Inc. (NASDAQ:BKNG)


Fifth Third Bancorp increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNGGet a rating) by 13.9% in the 1st quarter, according to its last filing with the Securities and Exchange Commission (SEC). The company held 3,621 shares of the business services provider after acquiring an additional 443 shares during the quarter. Fifth Third Bancorp’s holdings in Booking were worth $8,504,000 when it last filed with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently changed their stock holdings. Saturna Capital CORP increased its holdings in Booking by 2.6% during the 4th quarter. Saturna Capital CORP now owns 158 shares of the business services provider valued at $379,000 after acquiring 4 additional shares during the period. Enterprise Financial Services Corp increased its holdings in Booking by 2.4% during the 4th quarter. Enterprise Financial Services Corp now owns 169 shares of the business services provider valued at $405,000 after acquiring 4 additional shares during the period. Summit X LLC increased its holdings in Booking by 1.3% in the 4th quarter. Summit X LLC now owns 398 shares of the business services provider valued at $960,000 after acquiring 5 additional shares during the period. Bank of The West increased its holdings in Booking by 0.3% in the 4th quarter. Bank of The West now owns 1,537 shares of the business services provider worth $3,688,000 after buying 5 additional shares during the period. Finally, Keel Point LLC increased its stake in Booking by 3.0% in the 4th quarter. Keel Point LLC now owns 169 shares of the business services provider worth $405,000 after purchasing 5 additional shares during the period. Institutional investors hold 89.48% of the company’s shares.

In other news, CEO Glenn D. Fogel sold 750 shares of Booking in a trade dated Monday, April 18. The stock was sold at an average price of $2,199.81, for a total value of $1,649,857.50. As a result of the sale, the CEO now directly owns 49,265 shares of the company, valued at $108,373,639.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at the SEC website. Also, CFO David I. Goulden sold 183 shares of Booking in a transaction dated Monday, April 18. The stock was sold at an average price of $2,210.00, for a total value of $404,430.00. Following the completion of the sale, the CFO now directly owns 6,569 shares of the company, valued at $14,517,490. Disclosure of this sale can be found here. Insiders sold 1,403 shares of the company worth $3,006,347 in the past 90 days. Insiders of the company own 0.27% of the shares of the company.

NASDAQ BKNG opened at $1,767.98 on Friday. The company has a market capitalization of $71.82 billion, a PE ratio of 143.04, a growth price-earnings ratio of 1.13 and a beta of 1.18. The company has a debt ratio of 2.12, a quick ratio of 1.72 and a current ratio of 1.72. The company’s fifty-day moving average is $2,091.78 and its 200-day moving average is $2,241.39. Booking Holdings Inc. has a fifty-two week minimum of $1,703.05 and a fifty-two week maximum of $2,715.66.

Reservation (NASDAQ:BKNGGet a rating) last reported results on Wednesday, May 4. The business services provider reported earnings per share of $3.90 for the quarter, beating the consensus estimate of $0.14 ($0.14) of $4.04. Booking had a return on equity of 43.44% and a net margin of 4.16%. The company posted revenue of $2.70 billion for the quarter, versus a consensus estimate of $2.53 billion. During the same period of the previous year, the company made ($5.26) earnings per share. Booking’s quarterly revenue increased 136.6% compared to the same quarter last year. On average, sell-side analysts expect Booking Holdings Inc. to post EPS of 100.7 for the current year.

Several equity research analysts have weighed in on the company. Morgan Stanley lowered its price target on Booking from $2,820.00 to $2,100.00 and set an “equal weight” rating for the company in a Thursday, June 23 report. Credit Suisse Group raised its price target on Booking from $2,850.00 to $2,985.00 in a Thursday, May 5 report. Goldman Sachs Group lowered its target price on Booking from $2,460.00 to $2,360.00 and set a “neutral” rating for the company in a Thursday, June 9 research note. StockNews.com supposed coverage of Booking in a research note from Thursday, March 31. They issued a “holding” rating for the company. Finally, Truist Financial lowered its price target on Booking from $3,340.00 to $3,000.00 and set a “buy” rating for the business in a research note on Friday, June 3. Eight analysts gave the stock a hold rating, twenty gave the company a buy rating and one gave the company a strong buy rating. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $2,717.69.

Booking profile (Get a rating)

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

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Institutional Ownership by Quarter for Reservation (NASDAQ: BKNG)



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