Massachusetts Financial Services Co. (MA) increased its stake in Booking Holdings by 6.7%. MA acquired 72,604 shares, valued at approximately $392.0 million. Total institutional ownership of the company now stands at 92.42%. Allstate Corp also reported a significant percentage increase in its holdings.
These institutional purchases contrast with net selling by company insiders. Over the last 90 days, insiders sold 3,324 shares worth around $17.19 million. CEO Glenn D. Fogel sold 953 shares during this period. Corporate insiders now hold only 0.16% of the company’s stock.