Booking Holdings Inc. (BKNG) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 9.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 489 shares of the business services provider’s stock after selling 54 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Booking were worth $991,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Meeder Asset Management Inc. boosted its holdings in shares of Booking by 387.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 3,629 shares of the business services provider’s stock valued at $7,356,000 after purchasing an additional 2,885 shares in the last quarter. Dock Street Asset Management Inc. boosted its holdings in shares of Booking by 1.2% in the 2nd quarter. Dock Street Asset Management Inc. now owns 6,564 shares of the business services provider’s stock valued at $13,306,000 after purchasing an additional 80 shares in the last quarter. Cape ANN Savings Bank acquired a new stake in shares of Booking during the 2nd quarter valued at $219,000. Unigestion Holding SA acquired a new stake in shares of Booking during the 2nd quarter valued at $5,378,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of Booking by 18.7% during the 2nd quarter. Acadian Asset Management LLC now owns 10,275 shares of the business services provider’s stock valued at $20,827,000 after acquiring an additional 1,618 shares in the last quarter. 91.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Booking opened at $1,897.66 on Friday, MarketBeat Ratings reports. Booking Holdings Inc. has a one year low of $1,630.56 and a one year high of $2,228.99. The stock has a market capitalization of $93.57 billion, a P/E ratio of 22.92, a PEG ratio of 1.50 and a beta of 1.21. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.14 and a quick ratio of 2.14.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, August 9th. The business services provider reported $20.67 EPS for the quarter, beating analysts’ consensus estimates of $17.34 by $3.33. Booking had a return on equity of 24.14% and a net margin of 20.07%. The business had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period in the previous year, the company posted $24.39 EPS. The firm’s revenue was up 16.9% compared to the same quarter last year. analysts expect that Booking Holdings Inc. will post 88.65 EPS for the current fiscal year.

In other Booking news, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction on Friday, June 15th. The shares were sold at an average price of $2,126.07, for a total transaction of $627,190.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Several equities research analysts recently weighed in on the company. Piper Jaffray Companies reissued an “overweight” rating and set a $2,100.00 price objective on shares of Booking in a report on Thursday. Credit Suisse Group reissued a “buy” rating and set a $2,100.00 price objective (down previously from $2,250.00) on shares of Booking in a report on Friday. Benchmark reissued a “hold” rating on shares of Booking in a report on Thursday. Stifel Nicolaus downgraded Booking from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Jefferies Financial Group downgraded Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 price objective on the stock. in a report on Friday. Thirteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $2,144.86.

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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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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