D.A. Davidson & CO. Sells 10 Shares of Booking Holdings Inc. $BKNG

D.A. Davidson & CO. lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 5.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 188 shares of the business services provider’s stock after selling 10 shares during the period. D.A. Davidson & CO.’s holdings in Booking were worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Fiduciary Family Office LLC grew its position in Booking by 2.4% in the second quarter. Fiduciary Family Office LLC now owns 127 shares of the business services provider’s stock valued at $735,000 after purchasing an additional 3 shares in the last quarter. Jackson Thornton Wealth Management LLC grew its position in shares of Booking by 28.9% in the 2nd quarter. Jackson Thornton Wealth Management LLC now owns 58 shares of the business services provider’s stock valued at $331,000 after acquiring an additional 13 shares during the period. Whittier Trust Co. grew its position in shares of Booking by 1.4% in the 2nd quarter. Whittier Trust Co. now owns 632 shares of the business services provider’s stock valued at $3,659,000 after acquiring an additional 9 shares during the period. Syntegra Private Wealth Group LLC bought a new position in shares of Booking in the 2nd quarter valued at about $239,000. Finally, Probity Advisors Inc. grew its position in shares of Booking by 13.3% in the 2nd quarter. Probity Advisors Inc. now owns 136 shares of the business services provider’s stock valued at $787,000 after acquiring an additional 16 shares during the period. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of analyst reports. DA Davidson lifted their price objective on shares of Booking from $5,750.00 to $6,500.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Mizuho initiated coverage on shares of Booking in a research report on Monday, September 29th. They issued a “neutral” rating and a $5,975.00 price objective for the company. Barclays lifted their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. KeyCorp initiated coverage on shares of Booking in a research report on Wednesday, October 22nd. They issued an “overweight” rating and a $6,450.00 price objective for the company. Finally, Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6,014.85.

Booking Stock Up 2.1%

Shares of Booking stock opened at $5,254.40 on Tuesday. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The company has a 50-day simple moving average of $5,427.23 and a two-hundred day simple moving average of $5,378.47. The stock has a market capitalization of $170.30 billion, a price-to-earnings ratio of 36.54, a price-to-earnings-growth ratio of 1.59 and a beta of 1.35.

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

Insiders Place Their Bets

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total value of $79,379.70. Following the completion of the sale, the director owned 732 shares in the company, valued at $3,873,729.36. The trade was a 2.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 625 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 22,982 shares of the company’s stock, valued at $118,162,642.46. The trade was a 2.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,197 shares of company stock worth $17,260,963 in the last quarter. 0.16% of the stock is currently owned by corporate insiders.

Booking 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.