Tiedemann Advisors LLC reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 46.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124 shares of the business services provider’s stock after selling 106 shares during the period. Tiedemann Advisors LLC’s holdings in Booking were worth $233,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of BKNG. FMR LLC increased its stake in shares of Booking by 8.3% in the first quarter. FMR LLC now owns 997,623 shares of the business services provider’s stock worth $1,740,762,000 after purchasing an additional 76,561 shares during the period. Edgewood Management LLC increased its stake in shares of Booking by 0.9% in the second quarter. Edgewood Management LLC now owns 682,058 shares of the business services provider’s stock worth $1,278,661,000 after purchasing an additional 5,986 shares during the period. Investec Asset Management LTD increased its stake in shares of Booking by 45.2% in the second quarter. Investec Asset Management LTD now owns 648,507 shares of the business services provider’s stock worth $946,177,000 after purchasing an additional 201,869 shares during the period. Thoroughbred Financial Services LLC increased its stake in shares of Booking by 197,303.0% in the second quarter. Thoroughbred Financial Services LLC now owns 596,157 shares of the business services provider’s stock worth $59,616,000 after purchasing an additional 595,855 shares during the period. Finally, Independent Franchise Partners LLP increased its stake in shares of Booking by 51.0% in the second quarter. Independent Franchise Partners LLP now owns 357,865 shares of the business services provider’s stock worth $670,893,000 after purchasing an additional 120,885 shares during the period. Institutional investors own 93.02% of the company’s stock.
BKNG has been the topic of several research reports. Morgan Stanley boosted their price target on Booking from $2,050.00 to $2,100.00 and gave the company an “equal weight” rating in a research note on Thursday, August 8th. Deutsche Bank boosted their price target 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. Evercore ISI restated a “neutral” rating on shares of Booking in a research note on Sunday, August 11th. 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 price target on the stock. Finally, Citigroup upgraded Booking from a “neutral” rating to a “buy” rating and lowered their price target for the company from $1,800.00 to $1,745.02 in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $2,073.17.
NASDAQ BKNG traded up $22.49 during trading on Friday, reaching $2,063.90. 354,020 shares of the company traded hands, compared to its average volume of 296,799. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.58 and a current ratio of 1.58. The stock’s 50 day moving average price is $1,929.04 and its two-hundred day moving average price is $1,834.57. The company has a market cap of $86.78 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 1.49 and a beta of 1.14. Booking Holdings Inc. has a 1-year low of $1,606.27 and a 1-year high of $2,071.78.
Booking (NASDAQ:BKNG) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $23.59 earnings per share for the quarter, beating analysts’ consensus estimates of $22.80 by $0.79. The company 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 quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business earned $20.13 earnings per share. Equities research analysts expect that Booking Holdings Inc. will post 102.15 EPS for the current fiscal year.
In other news, CEO Gillian Tans sold 606 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $1,791.14, for a total value of $1,085,430.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.24% of the stock is currently owned by insiders.
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.
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