Captrust Financial Advisors Purchases 45 Shares of Booking Holdings Inc. (BKNG)

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Captrust Financial Advisors increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 20.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 268 shares of the business services provider’s stock after buying an additional 45 shares during the quarter. Captrust Financial Advisors’ holdings in Booking were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Korea Investment CORP lifted its position in Booking by 24.4% in the 2nd quarter. Korea Investment CORP now owns 30,141 shares of the business services provider’s stock worth $61,099,000 after buying an additional 5,920 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in Booking in the 2nd quarter worth approximately $3,860,000. Commonwealth Bank of Australia lifted its position in Booking by 1,796.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 531 shares of the business services provider’s stock worth $1,072,000 after buying an additional 503 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Booking by 2.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,431 shares of the business services provider’s stock worth $17,090,000 after buying an additional 207 shares during the last quarter. Finally, Quantum Capital Management LLC NJ lifted its position in Booking by 2.0% in the 2nd quarter. Quantum Capital Management LLC NJ now owns 3,006 shares of the business services provider’s stock worth $6,093,000 after buying an additional 58 shares during the last quarter. Institutional investors own 93.24% of the company’s stock.

BKNG opened at $1,892.18 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.92 and a current ratio of 1.92. Booking Holdings Inc. has a 52-week low of $1,630.56 and a 52-week high of $2,228.99. The company has a market cap of $92.64 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 1.55 and a beta of 1.27.

Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, August 9th. The business services provider reported $20.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $17.34 by $3.33. Booking had a return on equity of 24.74% and a net margin of 20.07%. The firm had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same period in the previous year, the firm earned $24.39 earnings per share. The business’s revenue was up 16.9% compared to the same quarter last year. equities analysts anticipate that Booking Holdings Inc. will post 89.06 EPS for the current year.

In other news, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $2,126.07, for a total transaction of $627,190.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.24% of the stock is currently owned by insiders.

Several brokerages have weighed in on BKNG. DA Davidson set a $1,990.00 price objective on Booking and gave the company a “hold” rating in a research report on Friday, August 10th. Morgan Stanley reiterated an “overweight” rating and issued a $2,200.00 price objective (up previously from $2,100.00) on shares of Booking in a research report on Wednesday, July 11th. Stifel Nicolaus downgraded Booking from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Credit Suisse Group reiterated a “buy” rating and issued a $2,100.00 price objective (down previously from $2,250.00) on shares of Booking in a research report on Friday, August 10th. Finally, Jefferies Financial Group downgraded Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 price objective for the company. in a research report on Friday, August 10th. Thirteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $2,154.45.

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.

Further Reading: Leveraged Buyout (LBO)

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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