Booking Holdings Inc. (BKNG) Stake Lessened by Steinberg Global Asset Management

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Steinberg Global Asset Management trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 33.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 415 shares of the business services provider’s stock after selling 211 shares during the period. Steinberg Global Asset Management’s holdings in Booking were worth $863,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its holdings in shares of Booking by 4.8% during the fourth quarter. Quadrant Capital Group LLC now owns 131 shares of the business services provider’s stock worth $209,000 after acquiring an additional 6 shares during the period. Shine Investment Advisory Services Inc. boosted its holdings in Booking by 6.4% in the fourth quarter. Shine Investment Advisory Services Inc. now owns 100 shares of the business services provider’s stock valued at $172,000 after purchasing an additional 6 shares in the last quarter. Cypress Capital Management LLC boosted its holdings in Booking by 1.4% in the fourth quarter. Cypress Capital Management LLC now owns 422 shares of the business services provider’s stock valued at $727,000 after purchasing an additional 6 shares in the last quarter. Cypress Capital Group boosted its holdings in Booking by 2.5% in the fourth quarter. Cypress Capital Group now owns 244 shares of the business services provider’s stock valued at $420,000 after purchasing an additional 6 shares in the last quarter. Finally, Magellan Asset Management Ltd boosted its holdings in Booking by 4.4% in the fourth quarter. Magellan Asset Management Ltd now owns 165 shares of the business services provider’s stock valued at $284,000 after purchasing an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

In other news, CEO Gillian Tans sold 321 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $1,751.79, for a total value of $562,324.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey E. Epstein sold 250 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $1,715.00, for a total value of $428,750.00. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Shares of NASDAQ:BKNG opened at $1,846.23 on Tuesday. The stock has a market cap of $83.10 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.41 and a beta of 1.03. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.12. Booking Holdings Inc. has a one year low of $1,606.27 and a one year high of $2,201.84.

Booking (NASDAQ:BKNG) last announced its earnings results on Wednesday, February 27th. The business services provider reported $22.49 EPS for the quarter, beating the consensus estimate of $19.39 by $3.10. Booking had a return on equity of 44.63% and a net margin of 27.52%. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same period last year, the business posted $16.86 EPS. The company’s revenue was up 14.6% on a year-over-year basis. On average, equities analysts forecast that Booking Holdings Inc. will post 101.67 earnings per share for the current year.

A number of equities analysts recently issued reports on the company. Wedbush downgraded Booking from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $2,000.00 to $1,850.00 in a report on Friday, March 22nd. Cowen lifted their price objective on Booking from $2,200.00 to $2,300.00 and gave the stock a “positive” rating in a research report on Thursday, February 21st. SunTrust Banks reiterated a “buy” rating and set a $2,150.00 price objective on shares of Booking in a research report on Thursday, April 4th. Jefferies Financial Group cut Booking from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Finally, Mizuho reiterated a “buy” rating on shares of Booking in a research report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $2,121.68.

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About Booking

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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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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