Pacer Advisors Inc. lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,747 shares of the business services provider’s stock after selling 7,356 shares during the period. Booking comprises 1.1% of Pacer Advisors Inc.’s portfolio, making the stock its 18th largest position. Pacer Advisors Inc. owned 0.27% of Booking worth $272,050,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Booking by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,504,735 shares of the business services provider’s stock valued at $3,991,176,000 after purchasing an additional 102,621 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Booking by 8.4% during the first quarter. Geode Capital Management LLC now owns 760,277 shares of the business services provider’s stock valued at $2,012,834,000 after buying an additional 58,850 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of Booking by 0.7% during the fourth quarter. Schroder Investment Management Group now owns 544,169 shares of the business services provider’s stock valued at $1,096,653,000 after buying an additional 3,699 shares during the last quarter. Norges Bank bought a new stake in shares of Booking during the fourth quarter valued at approximately $1,068,137,000. Finally, Ninety One UK Ltd increased its holdings in shares of Booking by 1.4% during the first quarter. Ninety One UK Ltd now owns 418,905 shares of the business services provider’s stock valued at $1,111,108,000 after purchasing an additional 5,859 shares during the period. 92.13% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. JMP Securities raised their price target on Booking from $3,000.00 to $3,600.00 and gave the company an “outperform” rating in a report on Monday, August 7th. StockNews.com assumed coverage on shares of Booking in a report on Thursday, August 17th. They issued a “buy” rating for the company. Oppenheimer increased their price objective on shares of Booking from $3,000.00 to $3,500.00 and gave the company an “outperform” rating in a report on Monday, July 31st. Barclays increased their price objective on shares of Booking from $3,130.00 to $3,740.00 and gave the company an “overweight” rating in a report on Friday, August 4th. Finally, Mizuho upped their price objective on Booking from $3,265.00 to $3,580.00 and gave the company a “buy” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3,137.29.
Insider Buying and Selling
In related news, Director Radakovich Lynn Vojvodich sold 29 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $3,200.75, for a total value of $92,821.75. Following the completion of the sale, the director now directly owns 523 shares in the company, valued at $1,673,992.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $3,176.29, for a total value of $2,382,217.50. Following the completion of the sale, the chief executive officer now directly owns 38,449 shares in the company, valued at approximately $122,125,174.21. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 29 shares of Booking stock in a transaction on Friday, September 15th. The stock was sold at an average price of $3,200.75, for a total transaction of $92,821.75. Following the completion of the transaction, the director now owns 523 shares in the company, valued at approximately $1,673,992.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,341 shares of company stock worth $13,450,436. Corporate insiders own 0.15% of the company’s stock.
Booking Stock Down 1.6 %
Shares of NASDAQ:BKNG traded down $51.93 during midday trading on Tuesday, hitting $3,106.40. 84,932 shares of the stock were exchanged, compared to its average volume of 313,156. The business’s fifty day simple moving average is $3,046.85 and its two-hundred day simple moving average is $2,767.93. Booking Holdings Inc. has a 52-week low of $1,616.85 and a 52-week high of $3,251.71. The company has a market capitalization of $110.87 billion, a PE ratio of 27.28, a P/E/G ratio of 1.09 and a beta of 1.35. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.55 and a current ratio of 1.55.
Booking (NASDAQ:BKNG – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $37.62 EPS for the quarter, topping analysts’ consensus estimates of $28.84 by $8.78. Booking had a return on equity of 285.21% and a net margin of 23.04%. The firm had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter in the prior year, the company posted $19.08 earnings per share. The firm’s revenue was up 27.9% on a year-over-year basis. As a group, research analysts predict that Booking Holdings Inc. will post 144.28 earnings per share for the current fiscal year.
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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