Wealthfront Advisers LLC Purchases 245 Shares of Booking Holdings Inc. $BKNG

Wealthfront Advisers LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 17.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,636 shares of the business services provider’s stock after buying an additional 245 shares during the quarter. Wealthfront Advisers LLC’s holdings in Booking were worth $9,471,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BKNG. Vontobel Holding Ltd. increased its position in shares of Booking by 18.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock worth $437,284,000 after purchasing an additional 11,829 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Booking by 20.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,052 shares of the business services provider’s stock worth $6,090,000 after purchasing an additional 175 shares during the last quarter. Vest Financial LLC increased its position in shares of Booking by 0.7% during the 2nd quarter. Vest Financial LLC now owns 9,090 shares of the business services provider’s stock worth $52,624,000 after purchasing an additional 61 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Booking by 9.5% during the 2nd quarter. Nordea Investment Management AB now owns 226,608 shares of the business services provider’s stock worth $1,297,331,000 after purchasing an additional 19,578 shares during the last quarter. Finally, NorthRock Partners LLC increased its position in shares of Booking by 12.8% during the 2nd quarter. NorthRock Partners LLC now owns 494 shares of the business services provider’s stock worth $2,860,000 after purchasing an additional 56 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $6,200.00 price target (up previously from $6,000.00) on shares of Booking in a research report on Wednesday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Booking in a research report on Tuesday, October 14th. Citigroup boosted their price target on Booking from $5,560.00 to $6,500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Morgan Stanley set a $5,650.00 target price on Booking and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Finally, Barclays lifted their target price on Booking from $5,700.00 to $6,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $6,014.85.

Booking Price Performance

BKNG opened at $5,254.40 on Tuesday. The business has a fifty day simple moving average of $5,427.23 and a 200 day simple moving average of $5,378.47. The company has a market capitalization of $170.30 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 1.59 and a beta of 1.35. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $50.32 by $5.08. The business had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the company posted $41.90 EPS. Equities analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of Booking stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total value of $352,755.20. Following the completion of the transaction, the director directly owned 131 shares of the company’s stock, valued at $722,045.80. The trade was a 32.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total value of $79,379.70. Following the completion of the transaction, the director directly owned 732 shares of the company’s stock, valued at $3,873,729.36. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,197 shares of company stock valued at $17,260,963 in the last three months. Corporate insiders own 0.16% of the company’s stock.

About Booking

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.