Spire Wealth Management increases stake in Booking Holdings Inc. (NASDAQ:BKNG)


Spire Wealth Management increased its position in shares of Booking Holdings Inc. (NASDAQ: BKNG – Get Rating) by 10.9% during the 1st quarter, reports Holdings Channel.com. The institutional investor held 1,282 shares of the business services provider after acquiring an additional 126 shares during the quarter. Spire Wealth Management’s holdings in Booking were worth $3,012,000 when it last filed with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently increased or reduced their stakes in the company. Amplius Wealth Advisors LLC bought a new stock position in Booking during Q4 for $26,000. Standard Family Office LLC bought a new position in shares of Booking during the 4th quarter for a value of $26,000. Gradient Investments LLC increased its holdings of Booking shares by 116.7% during the 4th quarter. Gradient Investments LLC now owns 13 shares of the business services provider valued at $31,000 after buying 7 additional shares during the period. Northwest Investment Counselors LLC purchased a new stock position in Booking during Q4 for $31,000. Finally, Covestor Ltd bought a new position in Booking in Q4 worth $32,000. 89.48% of the shares are currently held by hedge funds and other institutional investors.

BKNG opened at $1,896.24 on Tuesday. The company has a market capitalization of $77.03 billion, a P/E ratio of 153.42, a P/E/G ratio of 1.13 and a beta of 1.18. Booking Holdings Inc. has a 12-month low of $1,795.01 and a 12-month high of $2,715.66. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt ratio of 2.12. The stock has a 50-day moving average of $2,127.35 and a 200-day moving average of $2,252.60.

Booking (NASDAQ:BKNG – Get Rating) last released its quarterly results on Wednesday, May 4. The business services provider reported EPS of $3.90 for the quarter, beating the consensus estimate of $0.14 ($0.14) of $4.04. The company posted revenue of $2.70 billion in the quarter, versus analyst estimates of $2.53 billion. Booking had a return on equity of 43.44% and a net margin of 4.16%. The company’s revenue increased 136.6% year over year. In the same quarter last year, the company posted ($5.26) earnings per share. On average, research analysts expect Booking Holdings Inc. to post 100.7 earnings per share for the current fiscal year.

A number of stock analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft took over the coverage from Booking in a Friday, March 11 report. They issued a “buy” rating and a target price of $2,512.00 on the stock. Evercore ISI raised its target price on Booking from $2,900.00 to $3,000.00 in a Thursday, May 5 report. Jefferies Financial Group raised its price target when booking from $2,800.00 to $2,900.00 and gave the stock a “buy” rating in a Wednesday, March 23 report. Royal Bank of Canada raised its target price on Booking from $2,700.00 to $2,800.00 in a Thursday, May 5 report. Finally, TheStreet upgraded Booking from a “b-” rating to a “c+” rating in a Monday, March 21 report. Eight research analysts gave the stock a hold rating, twenty gave the stock a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2,726.48.

In other news, CEO Glenn D. Fogel sold 200 shares of the company in a trade that took place on Wednesday, June 15. The stock was sold at an average price of $2,000.20, for a total transaction of $400,040.00. As a result of the transaction, the CEO now owns 48,315 shares of the company, valued at $96,639,663. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Additionally, Chief Financial Officer David I. Goulden sold 183 shares of the company in a transaction that took place on Monday, April 18. The shares were sold at an average price of $2,210.00, for a total value of $404,430.00. Following the transaction, the CFO now directly owns 6,569 shares of the company, valued at approximately $14,517,490. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 1,403 shares of the company worth $3,006,347. Insiders own 0.27% of the shares of the company.

Reservation Company Profile (Get an assessment)

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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Want to see what other hedge funds own BKNG? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Booking Holdings Inc. (NASDAQ:BKNG – Get Rating).

Institutional Ownership by Quarter for Reservation (NASDAQ: BKNG)



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