Cohen Lawrence B cut its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,688 shares of the business services provider’s stock after selling 20 shares during the quarter. Booking makes up about 2.2% of Cohen Lawrence B’s holdings, making the stock its 17th biggest position. Cohen Lawrence B’s holdings in Booking were worth $3,164,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in BKNG. Weaver Consulting Group bought a new stake in Booking in the first quarter worth about $25,000. Guidant Wealth Advisors bought a new stake in Booking in the first quarter worth about $26,000. Truvestments Capital LLC bought a new stake in Booking in the first quarter worth about $44,000. Horan Capital Advisors LLC. bought a new stake in Booking in the first quarter worth about $49,000. Finally, Legacy Advisors LLC raised its position in Booking by 172.7% in the second quarter. Legacy Advisors LLC now owns 30 shares of the business services provider’s stock worth $56,000 after acquiring an additional 19 shares during the period. Institutional investors and hedge funds own 94.69% of the company’s stock.
NASDAQ BKNG opened at $1,943.19 on Wednesday. The company has a 50 day simple moving average of $1,890.39. Booking Holdings Inc. has a 12-month low of $1,606.27 and a 12-month high of $2,019.48. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $81.52 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 1.55 and a beta of 1.14.
Booking (NASDAQ:BKNG) last posted its earnings results on Wednesday, August 7th. The business services provider reported $23.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $22.80 by $0.79. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.78 billion. Booking had a net margin of 28.19% and a return on equity of 56.70%. Booking’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $20.13 EPS. As a group, equities research analysts expect that Booking Holdings Inc. will post 101.54 earnings per share for the current fiscal year.
Several analysts have commented on BKNG shares. Cleveland Research started coverage on shares of Booking in a research report on Wednesday, June 19th. They issued a “neutral” rating on the stock. Ascendiant Capital Markets set a $2,000.00 price objective on shares of Booking and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $2,250.00 price objective (up previously from $2,235.00) on shares of Booking in a research report on Friday, May 10th. Morgan Stanley boosted their price target on shares of Booking from $2,050.00 to $2,100.00 and gave the company an “equal weight” rating in a research report on Thursday, August 8th. Finally, ValuEngine lowered shares of Booking from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $2,066.00.
In other Booking news, CEO Gillian Tans sold 606 shares of Booking stock in a transaction on Monday, June 17th. The shares were sold at an average price of $1,791.14, for a total transaction of $1,085,430.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey E. Epstein sold 250 shares of Booking stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $1,755.75, for a total transaction of $438,937.50. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.
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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