Asset Dedication LLC trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 23.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23 shares of the business services provider’s stock after selling 7 shares during the period. Asset Dedication LLC’s holdings in Booking were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Creative Financial Designs Inc. ADV acquired a new position in Booking in the second quarter valued at about $25,000. Farmers & Merchants Investments Inc. acquired a new position in Booking in the second quarter valued at about $35,000. Jacobi Capital Management LLC grew its stake in Booking by 42.1% in the second quarter. Jacobi Capital Management LLC now owns 27 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 8 shares during the period. Rockbridge Investment Management LCC acquired a new position in Booking in the second quarter valued at about $43,000. Finally, CX Institutional grew its stake in Booking by 75.0% in the second quarter. CX Institutional now owns 28 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 12 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.
BKNG stock traded down $23.87 during midday trading on Thursday, reaching $1,782.79. The company had a trading volume of 4,907 shares, compared to its average volume of 536,501. The company has a market capitalization of $73.98 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 7.04 and a beta of 1.12. The stock has a 50 day moving average price of $1,805.22 and a 200-day moving average price of $1,601.42. Booking Holdings Inc. has a 1-year low of $1,107.29 and a 1-year high of $2,094.00. The company has a debt-to-equity ratio of 2.89, a current ratio of 2.93 and a quick ratio of 2.93.
Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported ($10.81) EPS for the quarter, beating the Zacks’ consensus estimate of ($11.87) by $1.06. The business had revenue of $630.00 million during the quarter, compared to the consensus estimate of $592.94 million. Booking had a return on equity of 53.57% and a net margin of 22.52%. Booking’s revenue for the quarter was down 83.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $23.59 earnings per share. As a group, research analysts anticipate that Booking Holdings Inc. will post 21.73 earnings per share for the current year.
BKNG has been the subject of a number of research analyst reports. Deutsche Bank boosted their target price on Booking from $1,625.00 to $2,000.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Booking in a research report on Friday, August 7th. Oppenheimer reaffirmed a “hold” rating on shares of Booking in a research report on Friday, August 7th. Citigroup upped their price objective on Booking from $1,900.00 to $2,050.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Finally, UBS Group reaffirmed a “neutral” rating and set a $1,950.00 price objective (up from $1,850.00) on shares of Booking in a research report on Friday, September 11th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $1,806.52.
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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