Wedbush Securities Inc. lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 739 shares of the business services provider's stock after selling 10 shares during the period. Wedbush Securities Inc.'s holdings in Booking were worth $1,293,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Guardian Capital Advisors LP raised its position in Booking by 129.2% during the first quarter. Guardian Capital Advisors LP now owns 424 shares of the business services provider's stock valued at $925,000 after purchasing an additional 239 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings in shares of Booking by 5.0% during the 1st quarter. Koshinski Asset Management Inc. now owns 167 shares of the business services provider's stock valued at $392,000 after buying an additional 8 shares in the last quarter. Achmea Investment Management B.V. raised its holdings in shares of Booking by 66.3% during the 1st quarter. Achmea Investment Management B.V. now owns 1,911 shares of the business services provider's stock valued at $4,488,000 after buying an additional 762 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in Booking by 11.6% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 318 shares of the business services provider's stock worth $556,000 after buying an additional 33 shares during the last quarter. Finally, Ieq Capital LLC boosted its stake in Booking by 162.3% in the first quarter. Ieq Capital LLC now owns 2,227 shares of the business services provider's stock worth $5,230,000 after buying an additional 1,378 shares in the last quarter. Institutional investors own 89.91% of the company's stock.
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Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. DA Davidson decreased their price target on shares of Booking from $2,300.00 to $2,150.00 and set a "neutral" rating on the stock in a research note on Monday, September 12th. Susquehanna lowered their price target on shares of Booking from $2,900.00 to $2,800.00 and set a "positive" rating for the company in a research note on Friday, August 5th. Wells Fargo & Company cut their price target on shares of Booking from $2,650.00 to $2,300.00 and set an "equal weight" rating for the company in a research report on Monday, August 15th. Stifel Nicolaus decreased their price objective on Booking from $2,400.00 to $2,300.00 and set a "hold" rating on the stock in a report on Thursday, August 4th. Finally, StockNews.com raised Booking from a "hold" rating to a "buy" rating in a research note on Friday, September 2nd. Eight investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,550.37.
Booking Stock Down 2.1 %
Shares of Booking stock opened at $1,643.21 on Monday. Booking Holdings Inc. has a 1 year low of $1,641.87 and a 1 year high of $2,715.66. The firm has a market cap of $65.25 billion, a price-to-earnings ratio of 43.81, a PEG ratio of 1.06 and a beta of 1.24. The company has a 50-day moving average of $1,911.49 and a 200 day moving average of $2,022.75. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.45 and a quick ratio of 1.45.
Booking (NASDAQ:BKNG – Get Rating) last announced its earnings results on Wednesday, August 3rd. The business services provider reported $19.08 earnings per share for the quarter, beating analysts' consensus estimates of $17.64 by $1.44. Booking had a net margin of 10.54% and a return on equity of 62.69%. The business had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter last year, the firm earned ($2.55) earnings per share. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 93.71 earnings per share for the current fiscal year.
Insider Buying and Selling at Booking
In other news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $2,126.07, for a total value of $1,594,552.50. Following the sale, the chief executive officer now directly owns 47,565 shares of the company's stock, valued at $101,126,519.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO David I. Goulden sold 150 shares of the business's stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $2,000.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer now directly owns 5,819 shares in the company, valued at approximately $11,638,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of the company's stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $2,126.07, for a total value of $1,594,552.50. Following the completion of the transaction, the chief executive officer now directly owns 47,565 shares in the company, valued at $101,126,519.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,440 shares of company stock worth $3,003,813. 0.13% of the stock is owned by insiders.
Booking Company Profile
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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.
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