First Trust Advisors LP trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 60.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,208 shares of the business services provider’s stock after selling 12,309 shares during the quarter. First Trust Advisors LP’s holdings in Booking were worth $16,285,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. purchased a new stake in Booking during the first quarter worth approximately $967,000. Fisher Asset Management LLC grew its stake in Booking by 41.4% during the second quarter. Fisher Asset Management LLC now owns 1,462 shares of the business services provider’s stock worth $2,964,000 after buying an additional 428 shares during the period. Raymond James Trust N.A. grew its stake in Booking by 5.0% during the second quarter. Raymond James Trust N.A. now owns 627 shares of the business services provider’s stock worth $1,271,000 after buying an additional 30 shares during the period. Peregrine Capital Management LLC purchased a new stake in Booking during the second quarter worth approximately $12,428,000. Finally, Webster Bank N. A. purchased a new stake in Booking during the second quarter worth approximately $126,000. Institutional investors and hedge funds own 91.99% of the company’s stock.
BKNG has been the subject of several research reports. Zacks Investment Research upgraded shares of Booking from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Cowen set a $2,375.00 price objective on shares of Booking and gave the stock a “buy” rating in a research note on Saturday, August 11th. UBS Group upgraded shares of Booking from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $2,060.00 to $2,320.00 in a research note on Friday, August 10th. Jefferies Financial Group downgraded shares of Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 price objective for the company. in a research note on Friday, August 10th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $2,100.00 price objective on shares of Booking in a research note on Thursday, August 9th. Thirteen equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Booking currently has a consensus rating of “Buy” and an average price target of $2,155.87.
NASDAQ BKNG opened at $1,937.64 on Friday. Booking Holdings Inc. has a 52 week low of $1,682.69 and a 52 week high of $2,228.99. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.92 and a current ratio of 2.41. The firm has a market cap of $92.57 billion, a PE ratio of 22.89, a PEG ratio of 1.58 and a beta of 1.22.
Booking (NASDAQ:BKNG) last posted its earnings results on Monday, November 5th. The business services provider reported $37.78 EPS for the quarter, missing analysts’ consensus estimates of $38.37 by ($0.59). Booking had a return on equity of 26.87% and a net margin of 19.81%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same period in the previous year, the firm posted $34.43 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities research analysts anticipate that Booking Holdings Inc. will post 89.68 earnings per share for the current year.
In other news, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $1,917.94, for a total transaction of $565,792.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.24% of the company’s stock.
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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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