Trail Ridge Investment Advisors LLC lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 388 shares of the business services provider’s stock after selling 5 shares during the quarter. Trail Ridge Investment Advisors LLC’s holdings in Booking were worth $1,029,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Grey Fox Wealth Advisors LLC purchased a new position in shares of Booking during the fourth quarter worth $26,000. Albion Financial Group UT acquired a new stake in Booking in the first quarter valued at $27,000. Arlington Partners LLC acquired a new stake in Booking in the first quarter valued at $27,000. Delta Asset Management LLC TN acquired a new stake in Booking in the fourth quarter valued at $30,000. Finally, AXS Investments LLC acquired a new stake in Booking in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 92.13% of the company’s stock.
Insider Buying and Selling at Booking
In other Booking news, CFO David I. Goulden sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $2,595.54, for a total value of $1,427,547.00. Following the sale, the chief financial officer now owns 14,504 shares in the company, valued at $37,645,712.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $2,632.69, for a total transaction of $1,974,517.50. Following the transaction, the chief executive officer now owns 40,699 shares in the company, valued at $107,147,850.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David I. Goulden sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $2,595.54, for a total transaction of $1,427,547.00. Following the transaction, the chief financial officer now owns 14,504 shares in the company, valued at approximately $37,645,712.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,250 shares of company stock worth $12,420,199. 0.15% of the stock is owned by company insiders.
Booking Stock Performance
Booking (NASDAQ:BKNG – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported $37.62 EPS for the quarter, beating the consensus estimate of $28.84 by $8.78. Booking had a net margin of 23.04% and a return on equity of 285.21%. The company had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same quarter last year, the business earned $19.08 earnings per share. Booking’s revenue was up 27.9% compared to the same quarter last year. On average, research analysts anticipate that Booking Holdings Inc. will post 144.28 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have weighed in on BKNG shares. Wells Fargo & Company started coverage on Booking in a research note on Wednesday, June 7th. They issued an “underweight” rating and a $2,257.00 price target on the stock. Jefferies Financial Group lifted their target price on Booking from $3,350.00 to $3,400.00 and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Oppenheimer lifted their target price on Booking from $3,000.00 to $3,500.00 and gave the stock an “outperform” rating in a research report on Monday, July 31st. Wedbush lifted their target price on Booking from $3,200.00 to $3,450.00 in a research report on Friday, August 4th. Finally, DA Davidson lifted their target price on Booking from $2,600.00 to $2,700.00 in a research report on Monday, May 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,111.80.
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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