Intrinsic Value Partners LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 357 shares of the business services provider's stock after selling 8 shares during the quarter. Booking accounts for approximately 0.8% of Intrinsic Value Partners LLC's investment portfolio, making the stock its 29th largest holding. Intrinsic Value Partners LLC's holdings in Booking were worth $624,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Brinker Capital Investments LLC increased its stake in shares of Booking by 9.7% during the second quarter. Brinker Capital Investments LLC now owns 2,972 shares of the business services provider's stock valued at $5,198,000 after buying an additional 263 shares during the period. Veriti Management LLC increased its stake in shares of Booking by 4.2% during the second quarter. Veriti Management LLC now owns 785 shares of the business services provider's stock valued at $1,373,000 after buying an additional 32 shares during the period. Redwood Investments LLC purchased a new position in shares of Booking during the second quarter valued at $2,228,000. Global Retirement Partners LLC increased its stake in shares of Booking by 1.5% during the second quarter. Global Retirement Partners LLC now owns 413 shares of the business services provider's stock valued at $722,000 after buying an additional 6 shares during the period. Finally, Mayflower Financial Advisors LLC increased its stake in shares of Booking by 1.2% during the second quarter. Mayflower Financial Advisors LLC now owns 494 shares of the business services provider's stock valued at $864,000 after buying an additional 6 shares during the period. 89.91% of the stock is currently owned by institutional investors.
Get Booking alerts:Booking Price Performance
Shares of BKNG traded up $8.10 during trading hours on Monday, hitting $1,677.98. 14,837 shares of the stock were exchanged, compared to its average volume of 432,944. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.45 and a current ratio of 1.45. Booking Holdings Inc. has a 12-month low of $1,646.04 and a 12-month high of $2,715.66. The company has a market cap of $66.63 billion, a price-to-earnings ratio of 45.09, a price-to-earnings-growth ratio of 1.08 and a beta of 1.23. The stock's 50-day moving average price is $1,924.69 and its two-hundred day moving average price is $2,037.35.
Booking (NASDAQ:BKNG – Get Rating) last issued its earnings results on Wednesday, August 3rd. The business services provider reported $19.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.93 by $1.15. Booking had a return on equity of 62.69% and a net margin of 10.54%. During the same period in the previous year, the company posted ($2.55) earnings per share. Research analysts expect that Booking Holdings Inc. will post 93.71 earnings per share for the current year.Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Susquehanna cut their price target on Booking from $2,900.00 to $2,800.00 and set a "positive" rating on the stock in a research note on Friday, August 5th. JMP Securities cut their target price on Booking from $2,750.00 to $2,300.00 and set a "market outperform" rating on the stock in a research note on Wednesday, June 22nd. Credit Suisse Group cut their target price on Booking from $2,985.00 to $2,650.00 and set an "outperform" rating on the stock in a research note on Thursday, August 4th. Evercore ISI cut their target price on Booking to $2,400.00 in a research note on Tuesday, August 9th. Finally, Susquehanna Bancshares cut their target price on Booking from $2,900.00 to $2,800.00 and set a "positive" rating on the stock in a research note on Friday, August 5th. Eight investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and an average price target of $2,550.37.
Insider Buying and Selling at Booking
In other news, CEO Glenn D. Fogel sold 750 shares of the company's 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 transaction, the chief executive officer now owns 47,565 shares of the company's stock, valued at approximately $101,126,519.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO David I. Goulden sold 300 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $2,102.00, for a total transaction of $630,600.00. Following the transaction, the chief financial officer now owns 5,969 shares of the company's stock, valued at approximately $12,546,838. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 47,565 shares in the company, valued at approximately $101,126,519.55. The disclosure for this sale can be found here. Insiders sold a total of 1,440 shares of company stock worth $3,003,813 in the last three months. 0.13% of the stock is owned by corporate 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.
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