Ieq Capital LLC Trims Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Ieq Capital LLC decreased its position in Booking Holdings Inc. (NASDAQ:BKNGGet Rating) by 21.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,761 shares of the business services provider’s stock after selling 470 shares during the period. Ieq Capital LLC’s holdings in Booking were worth $2,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Savant Capital LLC raised its stake in shares of Booking by 2.0% during the 2nd quarter. Savant Capital LLC now owns 304 shares of the business services provider’s stock valued at $532,000 after buying an additional 6 shares during the last quarter. Seeyond raised its holdings in Booking by 7.8% in the 2nd quarter. Seeyond now owns 611 shares of the business services provider’s stock worth $1,068,000 after purchasing an additional 44 shares during the period. Mutual of America Capital Management LLC raised its holdings in Booking by 1.1% in the 2nd quarter. Mutual of America Capital Management LLC now owns 5,542 shares of the business services provider’s stock worth $9,693,000 after purchasing an additional 62 shares during the period. Principal Financial Group Inc. raised its holdings in Booking by 2.0% in the 2nd quarter. Principal Financial Group Inc. now owns 50,409 shares of the business services provider’s stock worth $88,164,000 after purchasing an additional 1,005 shares during the period. Finally, Ballentine Partners LLC raised its holdings in Booking by 4.1% in the 3rd quarter. Ballentine Partners LLC now owns 231 shares of the business services provider’s stock worth $379,000 after purchasing an additional 9 shares during the period. Hedge funds and other institutional investors own 89.23% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the subject of a number of analyst reports. Bank of America upped their price target on Booking from $2,200.00 to $2,250.00 and gave the stock a “buy” rating in a report on Thursday, November 3rd. Wells Fargo & Company upped their price target on Booking from $2,050.00 to $2,400.00 and gave the company an “equal weight” rating in a research report on Thursday, January 19th. Wolfe Research lowered Booking from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, December 7th. Susquehanna dropped their price target on Booking from $2,800.00 to $2,650.00 and set a “positive” rating for the company in a research report on Monday, November 7th. Finally, StockNews.com lowered Booking from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Nine analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average price target of $2,434.46.

Insider Buying and Selling at Booking

In other Booking news, Director Radakovich Lynn Vojvodich sold 35 shares of the firm’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $1,966.84, for a total value of $68,839.40. Following the sale, the director now directly owns 758 shares in the company, valued at $1,490,864.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Booking news, CFO David I. Goulden sold 550 shares of the firm’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $2,297.91, for a total value of $1,263,850.50. Following the sale, the chief financial officer now directly owns 4,969 shares in the company, valued at $11,418,314.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 35 shares of the firm’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $1,966.84, for a total value of $68,839.40. Following the completion of the sale, the director now owns 758 shares in the company, valued at $1,490,864.72. The disclosure for this sale can be found here. Insiders have sold a total of 2,120 shares of company stock worth $4,893,155 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Booking Stock Up 2.4 %

Shares of NASDAQ BKNG opened at $2,401.58 on Tuesday. The stock has a market cap of $93.16 billion, a P/E ratio of 39.44, a PEG ratio of 1.18 and a beta of 1.26. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.36. Booking Holdings Inc. has a 12-month low of $1,616.85 and a 12-month high of $2,715.66. The business’s fifty day simple moving average is $2,068.76 and its 200-day simple moving average is $1,930.80.

Booking (NASDAQ:BKNGGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The business services provider reported $53.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $49.40 by $3.63. Booking had a return on equity of 81.11% and a net margin of 15.23%. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.92 billion. During the same period last year, the firm earned $37.70 earnings per share. The company’s revenue for the quarter was up 28.8% compared to the same quarter last year. As a group, equities analysts predict that Booking Holdings Inc. will post 95.72 EPS for the current fiscal year.

About Booking

(Get Rating)

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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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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