Trust Co. of Oklahoma decreased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 905 shares of the business services provider’s stock after selling 31 shares during the quarter. Trust Co. of Oklahoma’s holdings in Booking were worth $1,796,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. MUFG Securities EMEA plc acquired a new position in shares of Booking during the 2nd quarter worth about $109,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Booking during the 3rd quarter worth about $109,000. Harvest Fund Management Co. Ltd boosted its position in shares of Booking by 86.7% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 26 shares during the period. First Manhattan Co. boosted its position in shares of Booking by 90.0% in the 2nd quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock valued at $115,000 after purchasing an additional 27 shares during the period. Finally, WealthTrust Fairport LLC acquired a new stake in shares of Booking in the 1st quarter valued at about $121,000. Institutional investors own 92.82% of the company’s stock.
A number of analysts recently issued reports on BKNG shares. Zacks Investment Research cut Booking from a “hold” rating to a “sell” rating in a research report on Saturday, July 14th. Jefferies Financial Group cut Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 target price for the company. in a research report on Friday, August 10th. Morgan Stanley reissued an “overweight” rating and issued a $2,200.00 target price (up from $2,100.00) on shares of Booking in a research report on Wednesday, July 11th. Cowen set a $2,375.00 target price on Booking and gave the company a “buy” rating in a research report on Saturday, August 11th. Finally, SunTrust Banks reissued a “buy” rating and issued a $2,300.00 target price on shares of Booking in a research report on Tuesday, July 10th. Thirteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $2,155.08.
In other Booking news, CEO Gillian Tans sold 295 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $1,917.94, for a total transaction of $565,792.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is owned by corporate insiders.
BKNG opened at $1,807.17 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.86. The company has a market cap of $94.18 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 1.57 and a beta of 1.25. Booking Holdings Inc. has a 52 week low of $1,630.56 and a 52 week high of $2,228.99.
Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, August 9th. The business services provider reported $20.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $17.34 by $3.33. The firm had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.45 billion. Booking had a return on equity of 24.74% and a net margin of 20.07%. The firm’s revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the business earned $24.39 EPS. On average, equities research analysts expect that Booking Holdings Inc. will post 89.26 earnings per share 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.
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