TCI Wealth Advisors Inc. lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 80.6% in the third quarter, Holdings Channel reports. The institutional investor owned 72 shares of the business services provider’s stock after selling 300 shares during the period. TCI Wealth Advisors Inc.’s holdings in Booking were worth $143,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. American Century Companies Inc. raised its stake in shares of Booking by 5.9% during the 3rd quarter. American Century Companies Inc. now owns 2,813 shares of the business services provider’s stock valued at $5,581,000 after buying an additional 156 shares during the last quarter. First Long Island Investors LLC raised its stake in shares of Booking by 1.4% during the 3rd quarter. First Long Island Investors LLC now owns 8,874 shares of the business services provider’s stock valued at $17,606,000 after buying an additional 120 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Booking by 1.3% during the 3rd quarter. CIBC Asset Management Inc now owns 7,128 shares of the business services provider’s stock valued at $14,142,000 after buying an additional 91 shares during the last quarter. HL Financial Services LLC increased its stake in shares of Booking by 35.9% in the 3rd quarter. HL Financial Services LLC now owns 711 shares of the business services provider’s stock valued at $1,411,000 after purchasing an additional 188 shares in the last quarter. Finally, WESPAC Advisors LLC purchased a new position in shares of Booking in the 3rd quarter valued at about $317,000. Institutional investors and hedge funds own 91.99% of the company’s stock.
In other news, CEO Gillian Tans sold 295 shares of the company’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $1,803.58, for a total transaction of $532,056.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.24% of the stock is currently owned by corporate insiders.
Booking stock opened at $1,992.73 on Tuesday. Booking Holdings Inc. has a twelve month low of $1,630.56 and a twelve month high of $2,228.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market cap of $89.01 billion, a PE ratio of 25.96, a P/E/G ratio of 1.48 and a beta of 1.22.
Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Monday, November 5th. The business services provider reported $37.78 earnings per share for the quarter, missing analysts’ consensus estimates of $38.37 by ($0.59). Booking had a return on equity of 24.74% and a net margin of 20.07%. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same period in the prior year, the company posted $34.43 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. Analysts predict that Booking Holdings Inc. will post 89.49 EPS for the current year.
Several equities analysts recently weighed in on BKNG shares. Zacks Investment Research upgraded Booking from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Cowen set a $2,375.00 price target on Booking and gave the company a “buy” rating in a research note on Saturday, August 11th. UBS Group upgraded Booking from a “neutral” rating to a “buy” rating and lifted their price target for the company from $2,060.00 to $2,320.00 in a research note on Friday, August 10th. SunTrust Banks restated a “buy” rating and issued a $2,300.00 price target on shares of Booking in a research note on Tuesday, July 10th. Finally, Jefferies Financial Group lowered Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 price target for the company. in a research note on Friday, August 10th. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $2,135.28.
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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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