Booking Holdings Inc CEO Glenn Fogel Sells 5,827 Shares
Glenn Fogel, the CEO and President of Booking Holdings Inc (NASDAQ:BKNG), has sold 5,827 shares of the company on March 15, 2024, according to a recent SEC filing. The transaction was executed at an average price of $3,455.93 per share, resulting in a total value of $20,146,850.11.Booking Holdings Inc is a leading provider of online travel and related services to customers and partners worldwide. The company operates through various brands including Booking.com, Priceline, Agoda, KAYAK, and OpenTable, offering a wide range of services such as accommodations, rental cars, flights, and restaurant reservations.Over the past year, the insider has sold a total of 18,379 shares of Booking Holdings Inc and has not made any purchases of the stock. The recent sale by the insider is part of a trend observed over the past year, where there have been no insider buys but 43 insider sells for the company.
The market cap of Booking Holdings Inc stands at $117.921 billion as of the date of the insider's recent sale. The stock's price-earnings ratio is 29.25, which is above the industry median of 21.09 but below the company's historical median price-earnings ratio.Booking Holdings Inc's shares were trading at $3,455.93 on the day of the insider's sale, with a GF Value of $3,831.59. This results in a price-to-GF-Value ratio of 0.9, indicating that the stock is modestly undervalued according to GuruFocus's valuation.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.The insider's recent transaction provides investors with information about executive sentiment towards the company's valuation and stock performance. However, investors should consider a wide range of factors, including broader market conditions and company-specific developments, when making investment decisions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
