Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Summitry LLC

Summitry LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNGGet Rating) by 35.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,884 shares of the business services provider’s stock after selling 6,028 shares during the period. Booking accounts for 1.5% of Summitry LLC’s portfolio, making the stock its 29th biggest position. Summitry LLC’s holdings in Booking were worth $25,561,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BKNG. Capital World Investors increased its holdings in shares of Booking by 2.1% in the 4th quarter. Capital World Investors now owns 1,515,889 shares of the business services provider’s stock worth $3,636,966,000 after acquiring an additional 31,161 shares during the period. Geode Capital Management LLC increased its holdings in shares of Booking by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 665,085 shares of the business services provider’s stock worth $1,591,171,000 after acquiring an additional 18,508 shares during the period. Schroder Investment Management Group increased its holdings in shares of Booking by 55.4% in the 4th quarter. Schroder Investment Management Group now owns 466,525 shares of the business services provider’s stock worth $1,119,301,000 after acquiring an additional 166,288 shares during the period. Norges Bank acquired a new stake in shares of Booking in the 4th quarter worth about $1,013,778,000. Finally, GUARDCAP ASSET MANAGEMENT Ltd increased its holdings in shares of Booking by 0.8% in the 4th quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 306,046 shares of the business services provider’s stock worth $734,275,000 after acquiring an additional 2,561 shares during the period. 89.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $2,000.20, for a total transaction of $400,040.00. Following the transaction, the chief executive officer now owns 48,315 shares of the company’s stock, valued at $96,639,663. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO David I. Goulden sold 150 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $2,000.13, for a total transaction of $300,019.50. Following the transaction, the chief financial officer now owns 6,269 shares of the company’s stock, valued at $12,538,814.97. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $2,000.20, for a total transaction of $400,040.00. Following the transaction, the chief executive officer now directly owns 48,315 shares in the company, valued at approximately $96,639,663. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 470 shares of company stock valued at $952,060. 0.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on BKNG. Susquehanna Bancshares dropped their price objective on shares of Booking from $2,900.00 to $2,800.00 and set a “positive” rating on the stock in a report on Friday. Barclays decreased their target price on shares of Booking from $2,390.00 to $2,270.00 and set an “overweight” rating for the company in a research report on Thursday. Citigroup increased their target price on shares of Booking from $2,600.00 to $2,800.00 in a research report on Thursday, May 5th. Royal Bank of Canada increased their target price on shares of Booking from $2,700.00 to $2,800.00 in a research report on Thursday, May 5th. Finally, Evercore ISI decreased their target price on shares of Booking from $3,000.00 to $2,600.00 and set an “outperform” rating for the company in a research report on Thursday, July 7th. Eight investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus target price of $2,579.86.

Booking Stock Down 1.5 %

Shares of NASDAQ BKNG traded down $29.04 during mid-day trading on Friday, reaching $1,918.21. The company had a trading volume of 16,120 shares, compared to its average volume of 389,652. The stock has a fifty day moving average of $1,939.22 and a two-hundred day moving average of $2,147.56. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.72 and a current ratio of 1.72. The company has a market capitalization of $77.92 billion, a price-to-earnings ratio of 51.03, a PEG ratio of 1.24 and a beta of 1.25. Booking Holdings Inc. has a 12-month low of $1,669.34 and a 12-month high of $2,715.66.

Booking (NASDAQ:BKNGGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The business services provider reported $19.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $17.93 by $1.15. Booking had a net margin of 10.54% and a return on equity of 58.71%. During the same period last year, the business earned ($2.55) earnings per share. As a group, equities research analysts expect that Booking Holdings Inc. will post 98.4 EPS for the current year.

Booking Company Profile

(Get Rating)

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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