Booking Holdings Inc. (BKNG) Shares Sold by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2.3% in the first quarter, HoldingsChannel.com reports. The fund owned 302 shares of the business services provider’s stock after selling 7 shares during the period. Thoroughbred Financial Services LLC’s holdings in Booking were worth $527,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Quadrant Capital Group LLC grew its stake in Booking by 4.8% in the fourth quarter. Quadrant Capital Group LLC now owns 131 shares of the business services provider’s stock valued at $209,000 after acquiring an additional 6 shares during the period. Shine Investment Advisory Services Inc. grew its stake 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 acquiring an additional 6 shares during the period. Cypress Capital Management LLC grew its stake 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 acquiring an additional 6 shares during the period. Cypress Capital Group grew its stake 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 acquiring an additional 6 shares during the period. Finally, Magellan Asset Management Ltd grew its stake 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 acquiring an additional 7 shares during the period. 95.44% of the stock is owned by hedge funds and other institutional investors.

In related news, 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 transaction of $428,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gillian Tans sold 321 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $1,751.79, for a total value of $562,324.59. The disclosure for this sale can be found here. Insiders have sold 892 shares of company stock valued at $1,579,789 over the last three months. Insiders own 0.24% of the company’s stock.

NASDAQ BKNG traded up $25.94 during trading hours on Thursday, hitting $1,815.37. 6,817 shares of the company traded hands, compared to its average volume of 491,879. Booking Holdings Inc. has a twelve month low of $1,606.27 and a twelve month high of $2,162.91. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market capitalization of $77.52 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, May 9th. The business services provider reported $11.17 EPS for the quarter, missing the consensus estimate of $11.26 by ($0.09). Booking had a net margin of 28.79% and a return on equity of 48.32%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the company posted $12.34 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, research analysts forecast that Booking Holdings Inc. will post 101.23 EPS for the current year.

A number of research analysts have issued reports on BKNG shares. Ascendiant Capital Markets set a $2,000.00 target price on Booking and gave the company a “buy” rating in a research note on Tuesday. Telsey Advisory Group cut Booking from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $2,100.00 to $1,800.00 in a research report on Tuesday, March 19th. Wedbush cut Booking from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $2,000.00 to $1,850.00 in a research report on Friday, March 22nd. ValuEngine cut Booking from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Finally, Morgan Stanley upped their price objective on Booking from $1,900.00 to $1,950.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $2,069.41.

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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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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).

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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