Nelson Capital Management LLC Sells 37 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Nelson Capital Management LLC trimmed its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 2.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,419 shares of the business services provider’s stock after selling 37 shares during the period. Nelson Capital Management LLC’s holdings in Booking were worth $3,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Booking by 37.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,317 shares of the business services provider’s stock valued at $151,044,000 after purchasing an additional 17,432 shares in the last quarter. Cetera Investment Advisers increased its holdings in Booking by 18.8% in the 1st quarter. Cetera Investment Advisers now owns 613 shares of the business services provider’s stock valued at $1,440,000 after buying an additional 97 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Booking in the 1st quarter valued at $387,000. Baird Financial Group Inc. raised its stake in shares of Booking by 2.0% in the 1st quarter. Baird Financial Group Inc. now owns 4,585 shares of the business services provider’s stock valued at $10,767,000 after buying an additional 88 shares in the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of Booking by 7.5% during the 1st quarter. Merit Financial Group LLC now owns 172 shares of the business services provider’s stock worth $404,000 after acquiring an additional 12 shares during the period. Institutional investors own 92.13% of the company’s stock.

Booking Trading Up 0.2 %

Shares of BKNG stock traded up $6.40 during trading hours on Friday, reaching $3,135.25. The company had a trading volume of 212,387 shares, compared to its average volume of 293,318. Booking Holdings Inc. has a 1-year low of $1,899.31 and a 1-year high of $3,251.71. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market cap of $109.39 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 0.98 and a beta of 1.36. The company has a 50 day moving average of $3,003.19 and a 200 day moving average of $2,891.97.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, November 2nd. The business services provider reported $72.32 earnings per share for the quarter, beating the consensus estimate of $67.85 by $4.47. Booking had a return on equity of 840.22% and a net margin of 25.70%. The firm had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the firm posted $53.03 earnings per share. The company’s quarterly revenue was up 21.3% on a year-over-year basis. On average, equities research analysts anticipate that Booking Holdings Inc. will post 147.93 EPS for the current year.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several recent research reports. Wells Fargo & Company increased their price target on shares of Booking from $2,373.00 to $2,402.00 in a research report on Thursday, October 5th. Jefferies Financial Group raised 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. Tigress Financial boosted their price target 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. TheStreet upgraded Booking from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. Finally, UBS Group lifted their price objective on Booking from $3,700.00 to $4,000.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $3,346.21.

Insider Activity at Booking

In related news, CFO David I. Goulden sold 550 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $3,200.75, for a total transaction of $1,760,412.50. Following the completion of the transaction, the chief financial officer now owns 12,854 shares in the company, valued at $41,142,440.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO Susana D’emic sold 1,989 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $3,039.28, for a total transaction of $6,045,127.92. Following the completion of the transaction, the chief accounting officer now directly owns 6,278 shares in the company, valued at $19,080,599.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David I. Goulden sold 550 shares of Booking stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $3,200.75, for a total transaction of $1,760,412.50. Following the completion of the sale, the chief financial officer now owns 12,854 shares in the company, valued at $41,142,440.50. The disclosure for this sale can be found here. Insiders have sold 4,989 shares of company stock worth $15,303,166 in the last ninety days. Company insiders own 0.15% of the company’s stock.

Booking Company Profile

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.