Macquarie Group Ltd. Decreases Position in Booking Holdings Inc. (BKNG)

Macquarie Group Ltd. reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 10.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 20,551 shares of the business services provider’s stock after selling 2,351 shares during the quarter. Macquarie Group Ltd.’s holdings in Booking were worth $41,659,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Point72 Hong Kong Ltd lifted its position in shares of Booking by 7,400.0% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,500 shares of the business services provider’s stock worth $3,041,000 after buying an additional 1,480 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Booking in the 2nd quarter worth about $344,000. Morgan Stanley lifted its position in shares of Booking by 30.9% in the 2nd quarter. Morgan Stanley now owns 993,158 shares of the business services provider’s stock worth $2,013,218,000 after buying an additional 234,246 shares during the last quarter. Natixis lifted its position in shares of Booking by 1,184.9% in the 2nd quarter. Natixis now owns 28,922 shares of the business services provider’s stock worth $58,627,000 after buying an additional 26,671 shares during the last quarter. Finally, Davy Asset Management Ltd bought a new position in shares of Booking in the 2nd quarter worth about $1,622,000. Institutional investors own 92.82% of the company’s stock.

In other news, CEO Gillian Tans sold 295 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $1,917.94, for a total transaction of $565,792.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.

Booking stock opened at $1,900.90 on Tuesday. The stock has a market cap of $94.18 billion, a price-to-earnings ratio of 24.68, a P/E/G ratio of 1.57 and a beta of 1.25. 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.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 9th. The business services provider reported $20.67 EPS for the quarter, beating 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 firm had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter last year, the company earned $24.39 EPS. Booking’s quarterly revenue was up 16.9% on a year-over-year basis. As a group, research analysts forecast that Booking Holdings Inc. will post 89.26 earnings per share for the current year.

BKNG has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Booking from a “hold” rating to a “sell” rating in a research report on Saturday, July 14th. Jefferies Financial Group cut shares of 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, August 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $2,200.00 price objective (up previously from $2,100.00) on shares of Booking in a report on Wednesday, July 11th. Cowen set a $2,375.00 price objective on shares of Booking and gave the stock a “buy” rating in a report on Saturday, August 11th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $2,300.00 price objective on shares of Booking in a report on Tuesday, July 10th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $2,155.08.

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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