Strategic Wealth Partners Ltd. cut its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141 shares of the business services provider’s stock after selling 12 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Booking were worth $264,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Weaver Consulting Group acquired a new position in shares of Booking during the 1st quarter valued at about $25,000. TRUE Private Wealth Advisors acquired a new stake in Booking in the 2nd quarter valued at approximately $50,000. Legacy Advisors LLC grew its holdings in Booking by 172.7% in the 2nd quarter. Legacy Advisors LLC now owns 30 shares of the business services provider’s stock valued at $56,000 after buying an additional 19 shares during the last quarter. Hanson McClain Inc. grew its holdings in Booking by 1,650.0% in the 1st quarter. Hanson McClain Inc. now owns 35 shares of the business services provider’s stock valued at $61,000 after buying an additional 33 shares during the last quarter. Finally, FTB Advisors Inc. grew its holdings in Booking by 44.8% in the 1st quarter. FTB Advisors Inc. now owns 42 shares of the business services provider’s stock valued at $72,000 after buying an additional 13 shares during the last quarter. 89.66% of the stock is owned by institutional investors.
Shares of NASDAQ:BKNG traded down $53.80 during trading on Friday, hitting $1,898.67. 231,767 shares of the stock were exchanged, compared to its average volume of 342,988. Booking Holdings Inc. has a 1-year low of $1,606.27 and a 1-year high of $2,019.48. The company has a market capitalization of $83.00 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14. The company’s fifty day simple moving average is $1,898.92 and its 200-day simple moving average is $1,828.39. 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 announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $23.59 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the firm earned $20.13 EPS. Booking’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, research analysts forecast that Booking Holdings Inc. will post 101.69 earnings per share for the current fiscal year.
BKNG has been the topic of a number of research analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $1,995.00 target price on shares of Booking in a report on Monday, April 29th. Zacks Investment Research lowered Booking from a “buy” rating to a “hold” rating and set a $2,211.00 target price on the stock. in a report on Monday, August 19th. Ascendiant Capital Markets set a $2,000.00 target price on Booking and gave the company a “buy” rating in a report on Tuesday, May 14th. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $1,900.00 target price (up previously from $1,800.00) on shares of Booking in a report on Thursday, August 8th. Finally, Cowen reaffirmed an “outperform” rating and issued a $2,300.00 target price (up previously from $2,160.00) on shares of Booking in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the stock. Booking presently has a consensus rating of “Hold” and a consensus target price of $2,075.70.
In related news, Director Jeffrey E. Epstein sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $1,755.75, for a total transaction of $438,937.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.
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: Special Dividends
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.