Mason Street Advisors LLC Sells 117 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Mason Street Advisors LLC lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,057 shares of the business services provider’s stock after selling 117 shares during the period. Mason Street Advisors LLC’s holdings in Booking were worth $11,888,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC bought a new stake in Booking in the 3rd quarter valued at $27,000. Gradient Investments LLC bought a new position in Booking during the 3rd quarter worth $29,000. FNY Investment Advisers LLC bought a new position in Booking during the 3rd quarter worth $29,000. Delta Asset Management LLC TN increased its position in Booking by 50.0% during the 3rd quarter. Delta Asset Management LLC TN now owns 15 shares of the business services provider’s stock worth $29,000 after buying an additional 5 shares during the period. Finally, Squar Milner Financial Services LLC increased its position in Booking by 100.0% during the 3rd quarter. Squar Milner Financial Services LLC now owns 16 shares of the business services provider’s stock worth $31,000 after buying an additional 8 shares during the period. Institutional investors own 92.36% of the company’s stock.

Booking stock traded up $15.20 during trading hours on Monday, hitting $1,894.39. The stock had a trading volume of 40,930 shares, compared to its average volume of 401,935. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.74. The stock has a market cap of $86.10 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 1.52 and a beta of 1.12. Booking Holdings Inc. has a one year low of $1,606.27 and a one year high of $2,081.81. The business’s 50 day simple moving average is $1,998.42 and its 200-day simple moving average is $1,899.20.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, November 7th. The business services provider reported $45.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $44.87 by $0.49. Booking had a return on equity of 56.70% and a net margin of 28.19%. The company had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period last year, the company earned $37.78 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. Research analysts anticipate that Booking Holdings Inc. will post 101.98 EPS for the current fiscal year.

BKNG has been the topic of several analyst reports. Morgan Stanley increased their target price on Booking from $2,050.00 to $2,100.00 and gave the stock an “equal weight” rating in a report on Thursday, August 8th. Wells Fargo & Co lowered Booking from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $2,000.00 to $2,150.00 in a report on Thursday, September 26th. Deutsche Bank increased their target price on Booking from $2,250.00 to $2,350.00 and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus increased their target price on Booking from $2,045.00 to $2,050.00 and gave the stock a “hold” rating in a report on Friday. Finally, UBS Group raised their price objective on Booking from $1,960.00 to $2,000.00 and gave the company a “neutral” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Booking currently has a consensus rating of “Hold” and an average target price of $2,091.27.

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.

Further Reading: Rule of 72

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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