O Shares Investment Advisers LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 21.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146 shares of the business services provider’s stock after selling 39 shares during the quarter. O Shares Investment Advisers LLC’s holdings in Booking were worth $255,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of BKNG. Guidant Wealth Advisors purchased a new stake in shares of Booking during the 1st quarter worth approximately $26,000. Truvestments Capital LLC purchased a new stake in shares of Booking during the 1st quarter worth approximately $44,000. Horan Capital Advisors LLC. purchased a new stake in shares of Booking during the 1st quarter worth approximately $49,000. Hanson McClain Inc. lifted its position in shares of Booking by 1,650.0% during the 1st quarter. Hanson McClain Inc. now owns 35 shares of the business services provider’s stock worth $61,000 after buying an additional 33 shares during the last quarter. Finally, Next Capital Management LLC purchased a new stake in shares of Booking during the 4th quarter worth approximately $64,000. Institutional investors own 93.00% of the company’s stock.
Shares of BKNG opened at $1,809.52 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $77.88 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.48 and a beta of 1.06. Booking Holdings Inc. has a 1 year low of $1,606.27 and a 1 year high of $2,162.91.
Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, May 9th. The business services provider reported $11.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.26 by ($0.09). The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.93 billion. Booking had a net margin of 28.79% and a return on equity of 48.32%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $12.34 earnings per share. As a group, equities research analysts expect that Booking Holdings Inc. will post 100.86 EPS for the current year.
In other Booking news, Director Jeffrey E. Epstein sold 250 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $1,755.75, for a total value of $438,937.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gillian Tans sold 606 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $1,778.60, for a total transaction of $1,077,831.60. The disclosure for this sale can be found here. Insiders sold a total of 1,177 shares of company stock worth $2,105,483 over the last three months. 0.24% of the stock is currently owned by corporate insiders.
Several research firms recently commented on BKNG. Ascendiant Capital Markets set a $2,000.00 price target on shares of Booking and gave the company a “buy” rating in a research report on Tuesday, May 14th. Telsey Advisory Group downgraded shares of Booking from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $2,100.00 to $1,800.00 in a research report on Tuesday, March 19th. Wedbush downgraded shares of Booking from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $2,000.00 to $1,850.00 in a research report on Friday, March 22nd. ValuEngine downgraded shares of Booking from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Finally, Morgan Stanley upped their price target on shares of Booking from $1,900.00 to $1,950.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Booking currently has a consensus rating of “Hold” and a consensus target price of $2,072.70.
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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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