Tiedemann Advisors LLC reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 41.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115 shares of the business services provider’s stock after selling 80 shares during the period. Tiedemann Advisors LLC’s holdings in Booking were worth $233,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Parsons Capital Management Inc. RI acquired a new stake in shares of Booking in the first quarter worth approximately $3,233,000. Neuberger Berman Group LLC acquired a new stake in shares of Booking in the first quarter worth approximately $9,968,000. Lincoln National Corp acquired a new stake in shares of Booking in the first quarter worth approximately $478,000. Private Advisor Group LLC acquired a new stake in shares of Booking in the first quarter worth approximately $840,000. Finally, ProVise Management Group LLC acquired a new stake in shares of Booking in the first quarter worth approximately $2,994,000. 92.82% of the stock is currently owned by institutional investors.
In other Booking news, CEO Gillian Tans sold 295 shares of Booking stock in a transaction on Monday, September 17th. The stock was sold at an average price of $1,917.94, for a total value of $565,792.30. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.24% of the stock is owned by insiders.
NASDAQ:BKNG traded up $25.46 on Friday, reaching $1,807.17. The company’s stock had a trading volume of 682,050 shares, compared to its average volume of 430,490. Booking Holdings Inc. has a 12-month low of $1,630.56 and a 12-month high of $2,228.99. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $94.18 billion, a P/E ratio of 23.46, a P/E/G ratio of 1.57 and a beta of 1.25.
Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, August 9th. The business services provider reported $20.67 EPS for the quarter, beating the Zacks’ consensus estimate of $17.34 by $3.33. Booking had a return on equity of 24.74% and a net margin of 20.07%. The company had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the previous year, the business earned $24.39 earnings per share. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. Sell-side analysts anticipate that Booking Holdings Inc. will post 89.26 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on the company. Barclays lifted their price target on Booking to $2,270.00 in a research note on Thursday, September 27th. They noted that the move was a valuation call. ValuEngine upgraded Booking from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Cowen set a $2,375.00 price objective on Booking and gave the stock a “buy” rating in a research report on Saturday, August 11th. Jefferies Financial Group downgraded Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 price objective on the stock. in a research report on Friday, August 10th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $2,100.00 price objective (down previously from $2,250.00) on shares of Booking in a research report on Friday, August 10th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $2,155.08.
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.
See Also: Leveraged Buyout (LBO)
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