Booking Holdings Inc. (NASDAQ:BKNG) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 1,186,300 shares, a decrease of 7.2% from the July 31st total of 1,278,200 shares. Based on an average daily volume of 336,700 shares, the short-interest ratio is presently 3.5 days. Approximately 2.8% of the company’s shares are sold short.
Shares of Booking stock traded up $22.49 on Friday, hitting $2,063.90. The company had a trading volume of 354,020 shares, compared to its average volume of 296,799. The stock has a market capitalization of $86.78 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 1.49 and a beta of 1.14. Booking has a 1 year low of $1,606.27 and a 1 year high of $2,071.78. The stock has a 50 day moving average of $1,929.04 and a 200-day moving average of $1,834.57. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.58 and a current ratio of 1.58.
Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported $23.59 EPS for the quarter, topping the consensus estimate of $22.80 by $0.79. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.78 billion. Booking had a return on equity of 56.70% and a net margin of 28.19%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $20.13 earnings per share. Equities analysts anticipate that Booking will post 102.15 earnings per share for the current year.
In related news, CEO Gillian Tans sold 606 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $1,791.14, for a total transaction of $1,085,430.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.24% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. River & Mercantile Asset Management LLP increased its position in shares of Booking by 127.4% during the second quarter. River & Mercantile Asset Management LLP now owns 6,092 shares of the business services provider’s stock valued at $11,417,000 after acquiring an additional 3,413 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Booking by 1.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 32,541 shares of the business services provider’s stock valued at $61,005,000 after acquiring an additional 396 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Booking during the second quarter valued at approximately $1,310,000. Rehmann Capital Advisory Group increased its position in shares of Booking by 6.7% during the second quarter. Rehmann Capital Advisory Group now owns 191 shares of the business services provider’s stock valued at $358,000 after acquiring an additional 12 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Booking during the second quarter valued at approximately $229,000. 93.02% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the company. Deutsche Bank upped their price target on Booking from $2,175.00 to $2,275.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $1,900.00 price target (up from $1,800.00) on shares of Booking in a research note on Thursday, August 8th. Mizuho reaffirmed a “buy” rating and set a $2,150.00 price target (up from $2,050.00) on shares of Booking in a research note on Thursday, August 8th. Needham & Company LLC assumed coverage on Booking in a research note on Monday, May 20th. They set a “buy” rating and a $2,200.00 price target on the stock. Finally, Cowen reaffirmed an “outperform” rating and set a $2,300.00 price target (up from $2,160.00) on shares of Booking in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $2,073.17.
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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