Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Watch Point Trust Co

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Watch Point Trust Co raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 12.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,126 shares of the business services provider’s stock after purchasing an additional 236 shares during the period. Booking comprises approximately 2.2% of Watch Point Trust Co’s portfolio, making the stock its 15th biggest holding. Watch Point Trust Co’s holdings in Booking were worth $3,986,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. boosted its stake in shares of Booking by 16.3% during the second quarter. Whittier Trust Co. now owns 50 shares of the business services provider’s stock valued at $94,000 after acquiring an additional 7 shares during the last quarter. Good Life Advisors LLC boosted its stake in Booking by 6.2% in the 1st quarter. Good Life Advisors LLC now owns 138 shares of the business services provider’s stock worth $239,000 after buying an additional 8 shares during the last quarter. Corient Capital Partners LLC boosted its stake in Booking by 2.8% in the 1st quarter. Corient Capital Partners LLC now owns 290 shares of the business services provider’s stock worth $506,000 after buying an additional 8 shares during the last quarter. Budros Ruhlin & Roe Inc. boosted its stake in Booking by 7.4% in the 1st quarter. Budros Ruhlin & Roe Inc. now owns 130 shares of the business services provider’s stock worth $227,000 after buying an additional 9 shares during the last quarter. Finally, Condor Capital Management boosted its stake in Booking by 1.0% in the 1st quarter. Condor Capital Management now owns 931 shares of the business services provider’s stock worth $1,625,000 after buying an additional 9 shares during the last quarter. 94.69% of the stock is currently owned by institutional investors.

A number of analysts have issued reports on the company. Stifel Nicolaus reissued a “hold” rating and issued a $1,995.00 price target on shares of Booking in a research note on Monday, April 29th. Zacks Investment Research raised Booking from a “sell” rating to a “hold” rating and set a $1,988.00 price target on the stock in a research note on Tuesday, July 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $2,100.00 price target (down from $2,150.00) on shares of Booking in a research note on Thursday, August 8th. Credit Suisse Group reissued an “outperform” rating and issued a $2,250.00 price target (up from $2,235.00) on shares of Booking in a research note on Friday, May 10th. Finally, Cowen reissued an “outperform” rating and issued a $2,300.00 price target (up from $2,160.00) on shares of Booking in a research note on Thursday, August 8th. One investment 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. The company presently has a consensus rating of “Hold” and a consensus target price of $2,066.00.

Shares of NASDAQ:BKNG traded down $5.00 during mid-day trading on Thursday, hitting $1,886.19. 111,024 shares of the company traded hands, compared to its average volume of 324,407. The firm has a market capitalization of $81.49 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 1.41 and a beta of 1.14. 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 52-week low of $1,606.27 and a 52-week high of $2,019.48. The stock’s 50 day moving average price is $1,891.21.

Booking (NASDAQ:BKNG) last announced its earnings results on Wednesday, August 7th. The business services provider reported $23.59 EPS for the quarter, beating the consensus estimate of $22.80 by $0.79. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.78 billion. Booking had a return on equity of 56.70% and a net margin of 28.19%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the business posted $20.13 EPS. On average, equities analysts expect that Booking Holdings Inc. will post 101.71 earnings per share for the current fiscal year.

In related news, CEO Gillian Tans sold 606 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $1,791.14, for a total transaction of $1,085,430.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey E. Epstein sold 250 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $1,755.75, for a total value of $438,937.50. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

About Booking

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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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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