NEXT Financial Group Inc Boosts Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

NEXT Financial Group Inc increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 26.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110 shares of the business services provider’s stock after buying an additional 23 shares during the period. NEXT Financial Group Inc’s holdings in Booking were worth $206,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Weaver Consulting Group bought a new stake in Booking in the first quarter valued at $25,000. Guidant Wealth Advisors acquired a new position in Booking during the first quarter worth $26,000. Truvestments Capital LLC acquired a new position in Booking during the first quarter worth $44,000. Horan Capital Advisors LLC. acquired a new position in Booking during the first quarter worth $49,000. Finally, Legacy Advisors LLC raised its holdings in Booking by 172.7% during the second quarter. Legacy Advisors LLC now owns 30 shares of the business services provider’s stock worth $56,000 after purchasing an additional 19 shares during the last quarter. Institutional investors and hedge funds own 94.19% of the company’s stock.

A number of brokerages have recently commented on BKNG. Citigroup raised Booking from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $1,800.00 to $1,745.02 in a research report on Thursday, May 23rd. Cowen lifted their price objective on Booking from $2,000.00 to $2,160.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $1,995.00 price objective on shares of Booking in a research report on Monday, April 29th. Cleveland Research began coverage on Booking in a research report on Wednesday, June 19th. They issued a “neutral” rating for the company. Finally, Needham & Company LLC began coverage on Booking in a research report on Monday, May 20th. They issued a “buy” rating and a $2,200.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $2,057.52.

In other news, CEO Gillian Tans sold 606 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $1,791.14, for a total transaction of $1,085,430.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey E. Epstein sold 250 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $1,755.75, for a total value of $438,937.50. The disclosure for this sale can be found here. Insiders have sold 1,462 shares of company stock valued at $2,602,200 over the last ninety days. Corporate insiders own 0.27% of the company’s stock.

NASDAQ BKNG traded down $47.10 on Monday, hitting $1,798.98. 3,323 shares of the stock traded hands, compared to its average volume of 267,630. The company has a 50-day moving average price of $1,879.44. Booking Holdings Inc. has a twelve month low of $1,606.27 and a twelve month high of $2,109.00. The stock has a market capitalization of $79.92 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.51 and a beta of 1.14. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.27 and a quick ratio of 1.27.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, May 9th. The business services provider reported $11.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the company earned $12.34 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Research analysts expect that Booking Holdings Inc. will post 100.96 earnings per share for the current year.

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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