Veritable L.P. lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,274 shares of the business services provider’s stock after selling 88 shares during the period. Veritable L.P.’s holdings in Booking were worth $3,440,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in BKNG. Archer Investment Corp acquired a new stake in shares of Booking in the 2nd quarter valued at $27,000. KB Financial Partners LLC acquired a new position in Booking during the first quarter worth about $34,000. Sugarloaf Wealth Management LLC lifted its holdings in shares of Booking by 1,400.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 15 shares of the business services provider’s stock worth $41,000 after acquiring an additional 14 shares during the last quarter. Beacon Capital Management LLC boosted its stake in shares of Booking by 433.3% in the 2nd quarter. Beacon Capital Management LLC now owns 16 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 13 shares in the last quarter. Finally, TFC Financial Management Inc. grew its holdings in shares of Booking by 750.0% during the 1st quarter. TFC Financial Management Inc. now owns 17 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 15 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. DA Davidson upgraded shares of Booking from a “neutral” rating to a “buy” rating and set a $3,400.00 target price on the stock in a research report on Monday, November 6th. Morgan Stanley upped their target price on Booking from $2,800.00 to $3,000.00 and gave the stock an “equal weight” rating in a report on Friday, August 18th. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research note on Saturday. Tigress Financial upped their price objective on Booking from $3,430.00 to $3,855.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 17th. Finally, Melius began coverage on shares of Booking in a research report on Monday, July 31st. They set an “overweight” rating and a $3,500.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,346.21.
Insiders Place Their Bets
In other news, Director Radakovich Lynn Vojvodich sold 30 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $3,026.39, for a total transaction of $90,791.70. Following the completion of the sale, the director now owns 614 shares in the company, valued at $1,858,203.46. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Booking news, Director Radakovich Lynn Vojvodich sold 30 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $3,026.39, for a total value of $90,791.70. Following the transaction, the director now directly owns 614 shares of the company’s stock, valued at $1,858,203.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paulo Pisano sold 250 shares of Booking stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $3,124.72, for a total transaction of $781,180.00. Following the transaction, the insider now owns 3,945 shares of the company’s stock, valued at $12,327,020.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,989 shares of company stock worth $15,303,166. Corporate insiders own 0.15% of the company’s stock.
Booking Stock Performance
NASDAQ:BKNG opened at $3,173.50 on Wednesday. Booking Holdings Inc. has a twelve month low of $1,899.31 and a twelve month high of $3,251.71. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 11.16. The firm has a market capitalization of $110.72 billion, a P/E ratio of 22.10, a P/E/G ratio of 0.97 and a beta of 1.36. The company has a fifty day moving average of $3,003.24 and a 200-day moving average of $2,884.33.
Booking (NASDAQ:BKNG – Get Free Report) last released its quarterly earnings data on Thursday, November 2nd. The business services provider reported $72.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $67.85 by $4.47. The company had revenue of $7.34 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Booking had a net margin of 25.70% and a return on equity of 840.22%. The business’s revenue was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $53.03 EPS. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 148.65 EPS for the current 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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