Regentatlantic Capital LLC Takes Position in Booking Holdings Inc. (NASDAQ:BKNG)

Regentatlantic Capital LLC acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 110 shares of the business services provider’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ellis Investment Partners LLC grew its stake in Booking by 174,390.7% during the 1st quarter. Ellis Investment Partners LLC now owns 621,187 shares of the business services provider’s stock worth $621,000 after buying an additional 620,831 shares during the last quarter. Thoroughbred Financial Services LLC lifted its position in Booking by 197,303.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 596,157 shares of the business services provider’s stock worth $59,616,000 after acquiring an additional 595,855 shares during the period. Yacktman Asset Management LP acquired a new stake in shares of Booking in the 1st quarter valued at approximately $371,090,000. Boston Partners raised its holdings in Booking by 7,915.2% during the first quarter. Boston Partners now owns 175,453 shares of the business services provider’s stock worth $306,150,000 after purchasing an additional 173,264 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd raised its holdings in Booking by 12,306.4% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 93,544 shares of the business services provider’s stock worth $163,225,000 after purchasing an additional 92,790 shares during the last quarter. Institutional investors and hedge funds own 94.19% of the company’s stock.

In related news, Director Jeffrey E. Epstein sold 250 shares of Booking stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $1,755.75, for a total value of $438,937.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gillian Tans sold 606 shares of Booking stock in a transaction on Monday, June 17th. The shares were sold at an average price of $1,791.14, for a total value of $1,085,430.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,462 shares of company stock valued at $2,602,200. Company insiders own 0.27% of the company’s stock.

Several equities analysts recently issued reports on BKNG shares. Zacks Investment Research raised Booking from a “sell” rating to a “hold” rating and set a $1,988.00 price objective for the company in a report on Tuesday, July 23rd. Cleveland Research started coverage on Booking in a report on Wednesday, June 19th. They set a “neutral” rating for the company. ValuEngine cut Booking from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Mizuho reduced their price objective on Booking from $2,130.00 to $2,050.00 and set a “buy” rating for the company in a report on Friday, May 10th. Finally, Needham & Company LLC initiated coverage on Booking in a research report on Monday, May 20th. They set a “buy” rating and a $2,200.00 price target for the company. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $2,057.52.

Shares of NASDAQ:BKNG traded down $60.59 during midday trading on Monday, reaching $1,785.49. The company’s stock had a trading volume of 6,888 shares, compared to its average volume of 267,630. The firm has a market cap of $79.92 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.51 and a beta of 1.14. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.27 and a current ratio of 1.27. Booking Holdings Inc. has a 1 year low of $1,606.27 and a 1 year high of $2,109.00. The company’s 50 day moving average is $1,879.44.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, May 9th. The business services provider reported $11.17 EPS for the quarter, missing the Zacks’ consensus estimate of $11.26 by ($0.09). The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Booking had a net margin of 28.79% and a return on equity of 48.32%. Booking’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $12.34 EPS. Analysts expect that Booking Holdings Inc. will post 100.96 EPS 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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