Birinyi Associates Inc. Sells 225 Shares of Booking Holdings Inc. (BKNG)

Birinyi Associates Inc. lowered its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.8% in the 1st quarter, Holdings Channel reports. The firm owned 5,691 shares of the business services provider’s stock after selling 225 shares during the quarter. Booking comprises 4.3% of Birinyi Associates Inc.’s portfolio, making the stock its 7th largest holding. Birinyi Associates Inc.’s holdings in Booking were worth $9,930,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Hollencrest Capital Management lifted its position in Booking by 6.1% during the first quarter. Hollencrest Capital Management now owns 173 shares of the business services provider’s stock valued at $302,000 after purchasing an additional 10 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Booking by 15.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,260 shares of the business services provider’s stock valued at $9,178,000 after acquiring an additional 714 shares during the period. Kendall Capital Management purchased a new stake in shares of Booking in the first quarter valued at $206,000. Edgemoor Investment Advisors Inc. raised its stake in shares of Booking by 4.9% in the first quarter. Edgemoor Investment Advisors Inc. now owns 5,705 shares of the business services provider’s stock valued at $9,955,000 after acquiring an additional 268 shares during the period. Finally, Greenleaf Trust raised its stake in shares of Booking by 2.7% in the first quarter. Greenleaf Trust now owns 3,498 shares of the business services provider’s stock valued at $6,104,000 after acquiring an additional 93 shares during the period. Institutional investors and hedge funds own 95.44% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Credit Suisse Group reissued an “outperform” rating and issued a $2,250.00 target price (up previously from $2,235.00) on shares of Booking in a research note on Friday, May 10th. Ascendiant Capital Markets set a $2,000.00 target price on shares of Booking and gave the company a “buy” rating in a research note on Tuesday, May 14th. UBS Group reduced their target price on shares of Booking from $2,000.00 to $1,960.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. Morgan Stanley increased their target price on shares of Booking from $1,900.00 to $1,950.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Finally, ValuEngine downgraded shares of Booking from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $2,075.09.

In related news, Director Jeffrey E. Epstein sold 250 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $1,715.00, for a total value of $428,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gillian Tans sold 606 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $1,778.60, for a total transaction of $1,077,831.60. The disclosure for this sale can be found here. Insiders sold a total of 1,498 shares of company stock worth $2,657,620 in the last ninety days. 0.24% of the stock is currently owned by insiders.

BKNG stock opened at $1,772.19 on Wednesday. The stock has a market capitalization of $77.37 billion, a P/E ratio of 19.14, a P/E/G ratio of 1.40 and a beta of 1.04. Booking Holdings Inc. has a 12 month low of $1,606.27 and a 12 month high of $2,162.91. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.34.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, May 9th. The business services provider reported $11.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $11.26 by ($0.09). The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Booking had a return on equity of 48.32% and a net margin of 28.79%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $12.34 EPS. On average, equities research analysts expect that Booking Holdings Inc. will post 100.99 EPS for the current fiscal year.

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Booking 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.

See Also: Initial Public Offering (IPO)

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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