GWM Advisors LLC decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 29.1% in the second quarter, HoldingsChannel reports. The fund owned 893 shares of the business services provider’s stock after selling 367 shares during the quarter. GWM Advisors LLC’s holdings in Booking were worth $1,422,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Raymond James Trust N.A. raised its holdings in shares of Booking by 25.3% in the second quarter. Raymond James Trust N.A. now owns 866 shares of the business services provider’s stock worth $1,379,000 after buying an additional 175 shares during the last quarter. Two Sigma Advisers LP purchased a new position in shares of Booking in the first quarter worth $9,553,000. Echo Street Capital Management LLC purchased a new position in shares of Booking in the first quarter worth $33,285,000. Zeke Capital Advisors LLC purchased a new position in shares of Booking in the second quarter worth $301,000. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Booking by 6.9% in the second quarter. Harbor Investment Advisory LLC now owns 139 shares of the business services provider’s stock worth $221,000 after buying an additional 9 shares during the last quarter. 91.84% of the stock is owned by institutional investors.
A number of research firms have issued reports on BKNG. Wells Fargo & Co reaffirmed a “hold” rating on shares of Booking in a report on Friday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,750.00 price target (down previously from $2,000.00) on shares of Booking in a report on Tuesday, May 5th. Royal Bank of Canada raised their target price on shares of Booking from $1,535.00 to $1,550.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Credit Suisse Group reduced their target price on shares of Booking from $1,870.00 to $1,790.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Finally, JMP Securities reduced their target price on shares of Booking from $1,650.00 to $1,600.00 and set a “market outperform” rating for the company in a report on Thursday, April 9th. Nineteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $1,718.61.
Shares of NASDAQ BKNG opened at $1,662.13 on Friday. The company’s 50-day simple moving average is $1,663.67 and its 200-day simple moving average is $1,633.17. Booking Holdings Inc. has a 52-week low of $1,107.29 and a 52-week high of $2,094.00. The firm has a market cap of $68.03 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 8.28 and a beta of 1.05. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 2.35.
Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, May 7th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $6.12 by ($2.35). Booking had a net margin of 23.43% and a return on equity of 78.22%. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the business earned $11.17 EPS. The firm’s revenue for the quarter was down 19.4% compared to the same quarter last year. Equities research analysts anticipate that Booking Holdings Inc. will post 17.72 EPS for the current fiscal year.
Booking Company 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.
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