Boyd Watterson Asset Management LLC OH Sells 56 Shares of Booking Holdings Inc. $BKNG

Boyd Watterson Asset Management LLC OH lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 13.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 372 shares of the business services provider’s stock after selling 56 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Booking were worth $2,154,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atwood & Palmer Inc. bought a new stake in Booking during the 2nd quarter worth approximately $29,000. Wealth Preservation Advisors LLC bought a new position in shares of Booking in the 1st quarter worth $28,000. O Brien Wealth Partners LLC bought a new position in shares of Booking in the 2nd quarter worth $35,000. First PREMIER Bank increased its holdings in shares of Booking by 100.0% in the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after buying an additional 3 shares during the last quarter. Finally, Keystone Global Partners LLC bought a new position in shares of Booking in the 1st quarter worth $32,000. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BKNG shares. Citigroup increased their price target on shares of Booking from $5,560.00 to $6,500.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $6,000.00 price objective (up previously from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Wells Fargo & Company upped their price objective on shares of Booking from $5,418.00 to $5,443.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $5,900.00 price objective on shares of Booking in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $6,014.85.

Booking Stock Up 2.1%

Shares of BKNG opened at $5,254.40 on Tuesday. The stock has a market capitalization of $170.30 billion, a P/E ratio of 36.54, a PEG ratio of 1.59 and a beta of 1.35. The firm has a fifty day simple moving average of $5,427.23 and a two-hundred day simple moving average of $5,378.47. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating the consensus estimate of $50.32 by $5.08. The business had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $41.90 EPS. Sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Insider Buying and Selling at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the sale, the director owned 131 shares of the company’s stock, valued at $722,045.80. This represents a 32.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 625 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total transaction of $3,213,456.25. Following the sale, the chief executive officer directly owned 22,982 shares of the company’s stock, valued at $118,162,642.46. The trade was a 2.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,197 shares of company stock valued at $17,260,963 in the last quarter. Company insiders own 0.16% 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.