Traders Sell Booking (BKNG) on Strength (BKNG)

Investors sold shares of Booking Holdings Inc. (NASDAQ:BKNG) on strength during trading hours on Thursday. $114.47 million flowed into the stock on the tick-up and $203.51 million flowed out of the stock on the tick-down, for a money net flow of $89.04 million out of the stock. Of all stocks tracked, Booking had the 0th highest net out-flow for the day. Booking traded up $19.10 for the day and closed at $1,882.24

Several equities analysts have commented on the stock. Bank of America raised their price target on shares of Booking from $2,150.00 to $2,300.00 and gave the company a “buy” rating in a research report on Tuesday, November 6th. Barclays reissued an “overweight” rating and issued a $2,360.00 price target (up previously from $2,300.00) on shares of Booking in a research report on Tuesday, November 6th. Wedbush set a $2,500.00 price target on shares of Booking and gave the company a “buy” rating in a research report on Tuesday, November 6th. DA Davidson set a $2,000.00 price target on shares of Booking and gave the company a “hold” rating in a research report on Tuesday, November 6th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $2,240.00 price target (up previously from $2,100.00) on shares of Booking in a research report on Tuesday, November 6th. Eleven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $2,157.57.

The stock has a market capitalization of $86.32 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.99.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Monday, November 5th. The business services provider reported $37.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $38.37 by ($0.59). The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Booking had a return on equity of 26.87% and a net margin of 19.81%. Booking’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $34.43 earnings per share. Analysts predict that Booking Holdings Inc. will post 89.57 EPS for the current year.

In related news, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $1,803.58, for a total value of $532,056.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 883 shares of company stock valued at $1,646,347. 0.24% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA purchased a new stake in Booking in the third quarter valued at $109,000. First Manhattan Co. lifted its position in Booking by 90.0% in the second quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock valued at $115,000 after acquiring an additional 27 shares during the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in Booking in the second quarter valued at $134,000. Vectors Research Management LLC purchased a new stake in Booking in the third quarter valued at $154,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Booking in the third quarter valued at $153,000. 92.54% of the stock is owned by hedge funds and other institutional investors.

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Booking Company Profile (NASDAQ:BKNG)

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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