Jones Financial Companies Lllp lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,045 shares of the business services provider’s stock after selling 48 shares during the quarter. Jones Financial Companies Lllp’s holdings in Booking were worth $7,583,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Booking by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 137,675 shares of the business services provider’s stock valued at $237,138,000 after purchasing an additional 2,878 shares during the last quarter. USS Investment Management Ltd bought a new position in shares of Booking during the 1st quarter valued at about $157,206,000. First Manhattan Co. increased its position in shares of Booking by 187.7% during the 1st quarter. First Manhattan Co. now owns 164 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 107 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Booking during the 1st quarter valued at about $113,000. Finally, Pennsylvania Trust Co increased its position in shares of Booking by 28.8% during the 1st quarter. Pennsylvania Trust Co now owns 3,134 shares of the business services provider’s stock valued at $5,468,000 after purchasing an additional 700 shares during the last quarter. 94.69% of the stock is currently owned by institutional investors.
BKNG has been the topic of several recent research reports. Needham & Company LLC initiated coverage on Booking in a research report on Monday, May 20th. They set a “buy” rating and a $2,200.00 price target on the stock. SunTrust Banks restated a “buy” rating and set a $2,150.00 price target on shares of Booking in a research report on Thursday, July 18th. Stifel Nicolaus restated a “hold” rating and set a $1,995.00 price target on shares of Booking in a research report on Monday, April 29th. Evercore ISI restated a “neutral” rating on shares of Booking in a research report on Sunday, August 11th. Finally, Deutsche Bank raised their price target on Booking from $2,175.00 to $2,275.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. Booking currently has an average rating of “Hold” and a consensus price target of $2,066.00.
In other news, CEO Gillian Tans sold 606 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $1,791.14, for a total value of $1,085,430.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey E. Epstein sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $1,755.75, for a total value of $438,937.50. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
NASDAQ BKNG traded up $17.52 on Friday, hitting $1,922.19. The company’s stock had a trading volume of 240,800 shares, compared to its average volume of 338,554. Booking Holdings Inc. has a 52-week low of $1,606.27 and a 52-week high of $2,019.48. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.74. The company’s 50-day simple moving average is $1,893.44 and its 200 day simple moving average is $1,824.88. The firm has a market cap of $80.40 billion, a P/E ratio of 20.76, a PEG ratio of 1.39 and a beta of 1.14.
Booking (NASDAQ:BKNG) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $23.59 earnings per share for the quarter, topping the consensus estimate of $22.80 by $0.79. Booking had a return on equity of 56.70% and a net margin of 28.19%. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter last year, the business posted $20.13 EPS. The business’s revenue was up 8.8% on a year-over-year basis. On average, research analysts forecast that Booking Holdings Inc. will post 101.69 EPS for the current fiscal year.
Booking Company Profile
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.
Featured Article: What is a growth and income fund?
Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG).
Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.