Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd decreased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 29.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 125 shares of the business services provider’s stock after selling 53 shares during the period. Y.D. More Investments Ltd’s holdings in Booking were worth $337,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of BKNG. Grey Fox Wealth Advisors LLC bought a new stake in shares of Booking in the 4th quarter valued at approximately $26,000. Albion Financial Group UT bought a new stake in Booking during the first quarter valued at $27,000. Arlington Partners LLC acquired a new stake in shares of Booking during the first quarter worth $27,000. Delta Asset Management LLC TN bought a new position in shares of Booking in the 4th quarter worth about $30,000. Finally, AXS Investments LLC bought a new position in shares of Booking in the 4th quarter worth about $30,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Booking

In other Booking news, CFO David I. Goulden sold 550 shares of Booking stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $2,857.23, for a total value of $1,571,476.50. Following the completion of the sale, the chief financial officer now directly owns 13,954 shares in the company, valued at $39,869,787.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $2,917.01, for a total value of $2,187,757.50. Following the transaction, the chief executive officer now owns 39,949 shares of the company’s stock, valued at $116,531,632.49. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David I. Goulden sold 550 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $2,857.23, for a total transaction of $1,571,476.50. Following the sale, the chief financial officer now directly owns 13,954 shares of the company’s stock, valued at $39,869,787.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,341 shares of company stock valued at $13,450,436. 0.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BKNG has been the subject of several recent research reports. Barclays upped their target price on Booking from $3,130.00 to $3,740.00 and gave the company an “overweight” rating in a report on Friday, August 4th. Wedbush boosted their price target on shares of Booking from $3,200.00 to $3,450.00 in a report on Friday, August 4th. Susquehanna increased their price objective on shares of Booking from $3,000.00 to $3,600.00 in a report on Monday, August 7th. Wells Fargo & Company initiated coverage on shares of Booking in a research note on Wednesday, June 7th. They set an “underweight” rating and a $2,257.00 target price for the company. Finally, Morgan Stanley raised their price target on shares of Booking from $2,800.00 to $3,000.00 and gave the company an “equal weight” rating in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $3,137.29.

Booking Stock Down 0.1 %

Shares of Booking stock opened at $3,158.33 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 11.16. Booking Holdings Inc. has a 1 year low of $1,616.85 and a 1 year high of $3,251.71. The stock has a 50-day moving average price of $3,046.85 and a 200 day moving average price of $2,767.93. The company has a market cap of $112.72 billion, a P/E ratio of 27.28, a P/E/G ratio of 1.09 and a beta of 1.35.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $37.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $28.84 by $8.78. Booking had a return on equity of 285.21% and a net margin of 23.04%. The firm had revenue of $5.50 billion during the quarter, compared to analysts’ expectations of $5.17 billion. During the same quarter last year, the firm earned $19.08 earnings per share. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. As a group, analysts expect that Booking Holdings Inc. will post 144.28 EPS for the current fiscal year.

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.