Sandbox Financial Partners LLC Has $278,000 Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Sandbox Financial Partners LLC increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNGGet Rating) by 8.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 119 shares of the business services provider’s stock after acquiring an additional 9 shares during the period. Sandbox Financial Partners LLC’s holdings in Booking were worth $278,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Amplius Wealth Advisors LLC acquired a new position in Booking during the fourth quarter valued at approximately $26,000. Standard Family Office LLC acquired a new position in Booking in the 4th quarter valued at $26,000. Gradient Investments LLC raised its holdings in Booking by 116.7% in the 4th quarter. Gradient Investments LLC now owns 13 shares of the business services provider’s stock worth $31,000 after acquiring an additional 7 shares during the period. Northwest Investment Counselors LLC acquired a new position in Booking during the 4th quarter worth $31,000. Finally, Covestor Ltd bought a new stake in Booking during the fourth quarter valued at about $32,000. 89.48% of the stock is currently owned by institutional investors and hedge funds.

BKNG stock traded down $50.99 during midday trading on Thursday, hitting $1,838.85. The company’s stock had a trading volume of 8,262 shares, compared to its average volume of 372,260. The company’s fifty day moving average price is $2,147.18 and its 200 day moving average price is $2,260.35. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.72 and a quick ratio of 1.72. Booking Holdings Inc. has a twelve month low of $1,796.45 and a twelve month high of $2,715.66. The stock has a market capitalization of $74.69 billion, a P/E ratio of 152.90, a PEG ratio of 1.13 and a beta of 1.18.

Booking (NASDAQ:BKNGGet Rating) last released its earnings results on Wednesday, May 4th. The business services provider reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $4.04. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.53 billion. Booking had a return on equity of 43.44% and a net margin of 4.16%. Booking’s quarterly revenue was up 136.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($5.26) earnings per share. Equities analysts expect that Booking Holdings Inc. will post 100.71 EPS for the current fiscal year.

Several equities analysts recently weighed in on BKNG shares. Stifel Nicolaus cut their price objective on Booking from $2,700.00 to $2,650.00 and set a “hold” rating for the company in a research report on Thursday, February 24th. Wells Fargo & Company reduced their price objective on Booking from $2,750.00 to $2,500.00 in a research report on Friday, February 25th. Ascendiant Capital Markets set a $2,555.00 target price on shares of Booking in a research report on Monday. Morgan Stanley upped their price objective on shares of Booking from $2,660.00 to $2,820.00 and gave the company an “equal weight” rating in a research report on Thursday, February 24th. Finally, Truist Financial cut their target price on Booking from $3,340.00 to $3,000.00 and set a “buy” rating for the company in a research note on Friday, June 3rd. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,751.31.

In other news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $2,199.81, for a total transaction of $1,649,857.50. Following the completion of the sale, the chief executive officer now owns 49,265 shares in the company, valued at $108,373,639.65. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David I. Goulden sold 183 shares of the company’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $2,210.00, for a total value of $404,430.00. Following the completion of the transaction, the chief financial officer now directly owns 6,569 shares in the company, valued at approximately $14,517,490. The disclosure for this sale can be found here. Insiders have sold a total of 1,403 shares of company stock worth $3,006,347 over the last three months. 0.24% of the stock is owned by insiders.

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.

Further Reading

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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