Vontobel Asset Management Inc. lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 30.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 165,516 shares of the business services provider’s stock after selling 73,476 shares during the period. Booking accounts for about 2.5% of Vontobel Asset Management Inc.’s investment portfolio, making the stock its 11th biggest holding. Vontobel Asset Management Inc.’s holdings in Booking were worth $337,240,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Highland Capital Management LP bought a new stake in shares of Booking during the first quarter valued at approximately $2,080,000. Baltimore Washington Financial Advisors Inc. raised its stake in shares of Booking by 0.9% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 4,364 shares of the business services provider’s stock valued at $8,846,000 after acquiring an additional 37 shares in the last quarter. Professional Planning bought a new stake in shares of Booking during the first quarter valued at approximately $214,000. Douglass Winthrop Advisors LLC raised its stake in shares of Booking by 2.5% during the second quarter. Douglass Winthrop Advisors LLC now owns 16,162 shares of the business services provider’s stock valued at $32,762,000 after acquiring an additional 401 shares in the last quarter. Finally, Wesbanco Bank Inc. bought a new stake in shares of Booking during the first quarter valued at approximately $233,000. 93.24% of the stock is owned by hedge funds and other institutional investors.
NASDAQ BKNG traded up $10.79 on Friday, hitting $1,920.29. The stock had a trading volume of 6,079 shares, compared to its average volume of 546,354. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.86. Booking Holdings Inc. has a 52-week low of $1,630.56 and a 52-week high of $2,228.99. The firm has a market capitalization of $89.83 billion, a P/E ratio of 24.67, a P/E/G ratio of 1.51 and a beta of 1.27.
Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, August 9th. The business services provider reported $20.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $17.34 by $3.33. Booking had a net margin of 20.07% and a return on equity of 24.74%. The business had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period in the previous year, the company earned $24.39 earnings per share. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. sell-side analysts predict that Booking Holdings Inc. will post 89.06 earnings per share for the current fiscal year.
In other Booking news, CEO Gillian Tans sold 295 shares of Booking stock in a transaction on Monday, July 16th. The shares were sold at an average price of $2,030.98, for a total value of $599,139.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.24% of the stock is currently owned by insiders.
BKNG has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Booking in a research note on Thursday, May 10th. Morgan Stanley decreased their price target on shares of Booking from $2,240.00 to $2,100.00 and set an “overweight” rating for the company in a research note on Thursday, May 10th. Stifel Nicolaus lifted their price target on shares of Booking from $2,222.00 to $2,332.00 and gave the company a “buy” rating in a research note on Thursday, May 10th. ValuEngine downgraded shares of Booking from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. Finally, Benchmark lowered shares of Booking from a “buy” rating to a “hold” rating in a report on Friday, June 22nd. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Booking currently has a consensus rating of “Buy” and a consensus price target of $2,154.45.
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.
Read More: Stock Symbols Definition, Examples, Lookup
Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG).
Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.