Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNGGet Rating) by 44.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 809 shares of the business services provider’s stock after selling 657 shares during the quarter. Advisors Asset Management Inc.’s holdings in Booking were worth $1,415,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Walleye Capital LLC raised its holdings in shares of Booking by 25.0% during the second quarter. Walleye Capital LLC now owns 6,696 shares of the business services provider’s stock valued at $11,711,000 after acquiring an additional 1,338 shares during the last quarter. Machina Capital S.A.S. acquired a new position in shares of Booking during the second quarter valued at approximately $360,000. Lmcg Investments LLC raised its holdings in shares of Booking by 10.6% during the second quarter. Lmcg Investments LLC now owns 1,729 shares of the business services provider’s stock valued at $3,024,000 after acquiring an additional 166 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Booking by 1.3% during the second quarter. Baird Financial Group Inc. now owns 4,643 shares of the business services provider’s stock valued at $8,120,000 after acquiring an additional 58 shares during the last quarter. Finally, Fairhaven Wealth Management LLC raised its holdings in shares of Booking by 1.8% during the second quarter. Fairhaven Wealth Management LLC now owns 1,327 shares of the business services provider’s stock valued at $2,321,000 after acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity

In other news, Director Radakovich Lynn M. Vojvodich sold 40 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $1,955.62, for a total value of $78,224.80. Following the sale, the director now directly owns 875 shares in the company, valued at $1,711,167.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Booking news, Director Radakovich Lynn M. Vojvodich sold 40 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $1,955.62, for a total value of $78,224.80. Following the sale, the director now directly owns 875 shares in the company, valued at $1,711,167.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David I. Goulden sold 150 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $2,000.00, for a total value of $300,000.00. Following the completion of the sale, the chief financial officer now owns 5,819 shares in the company, valued at $11,638,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 431 shares of company stock worth $850,411. Corporate insiders own 0.13% of the company’s stock.

Booking Stock Down 1.8 %

Shares of NASDAQ BKNG opened at $1,979.25 on Tuesday. The stock has a market cap of $76.78 billion, a P/E ratio of 32.51, a PEG ratio of 1.31 and a beta of 1.25. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.36. Booking Holdings Inc. has a 12-month low of $1,616.85 and a 12-month high of $2,715.66. The business’s fifty day simple moving average is $1,809.29 and its 200-day simple moving average is $1,925.60.

Booking (NASDAQ:BKNGGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The business services provider reported $53.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $49.55 by $3.48. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.92 billion. Booking had a return on equity of 81.11% and a net margin of 15.23%. The company’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same period last year, the firm earned $37.70 earnings per share. As a group, equities analysts predict that Booking Holdings Inc. will post 92.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of analyst reports. Truist Financial dropped their price target on Booking from $2,600.00 to $2,500.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Deutsche Bank Aktiengesellschaft upped their price target on Booking to $2,370.00 and gave the company a “buy” rating in a research report on Thursday, November 3rd. Ascendiant Capital Markets dropped their price target on Booking to $2,500.00 in a research report on Tuesday, September 13th. Wells Fargo & Company dropped their price target on Booking from $2,650.00 to $2,300.00 and set an “equal weight” rating for the company in a research report on Monday, August 15th. Finally, JPMorgan Chase & Co. upped their price target on Booking from $2,300.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 3rd. Eight equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,441.70.

About Booking

(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.

See Also

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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