Nelson Capital Management LLC trimmed its stake in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) 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.
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.
- Five stocks we like better than Booking
- Short Selling: How to Short a Stock
- S&P 500’s Whirlwind: Big gains, warning whispers & tactical moves
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- MarketBeat Week in Review – 11/13 – 11/17
- Best Stocks Under $5.00
- 3 large caps with red hot RSIs with upside
Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.