Waldron Private Wealth LLC cut its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 416 shares of the business services provider’s stock after selling 9 shares during the period. Waldron Private Wealth LLC’s holdings in Booking were worth $779,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Weaver Consulting Group bought a new position in shares of Booking in the first quarter worth $25,000. Guidant Wealth Advisors bought a new position in shares of Booking in the first quarter worth $26,000. Truvestments Capital LLC bought a new position in shares of Booking in the first quarter worth $44,000. Horan Capital Advisors LLC. bought a new position in shares of Booking in the first quarter worth $49,000. Finally, Legacy Advisors LLC grew its stake in shares of Booking by 172.7% in the second quarter. Legacy Advisors LLC now owns 30 shares of the business services provider’s stock worth $56,000 after purchasing an additional 19 shares in the last quarter. 94.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:BKNG traded up $39.62 during midday trading on Tuesday, reaching $1,956.51. The company had a trading volume of 18,983 shares, compared to its average volume of 324,562. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.58 and a current ratio of 1.58. Booking Holdings Inc. has a 1-year low of $1,606.27 and a 1-year high of $2,019.48. The company has a market capitalization of $81.52 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 1.55 and a beta of 1.14. The company has a fifty day simple moving average of $1,888.94.
Booking (NASDAQ:BKNG) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $23.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $22.80 by $0.79. Booking had a return on equity of 56.70% and a net margin of 28.19%. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the company posted $20.13 EPS. Booking’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 101.54 earnings per share for the current fiscal year.
In related news, Director Jeffrey E. Epstein sold 250 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $1,755.75, for a total value of $438,937.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gillian Tans sold 606 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $1,791.14, for a total value of $1,085,430.84. The disclosure for this sale can be found here. Insiders sold a total of 1,462 shares of company stock valued at $2,602,200 in the last quarter. 0.27% of the stock is currently owned by corporate insiders.
BKNG has been the subject of several recent analyst reports. UBS Group decreased their price target on Booking from $2,000.00 to $1,960.00 and set a “neutral” rating for the company in a research note on Friday, May 10th. SunTrust Banks reissued a “buy” rating and issued a $2,150.00 price target on shares of Booking in a research note on Thursday, July 18th. Citigroup raised Booking from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $1,800.00 to $1,745.02 in a research note on Thursday, May 23rd. Deutsche Bank raised their target price on Booking from $2,175.00 to $2,275.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Needham & Company LLC initiated coverage on Booking in a research note on Monday, May 20th. They set a “buy” rating and a $2,200.00 target price for the company. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the company. Booking currently has a consensus rating of “Hold” and an average target price of $2,066.00.
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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