Whittier Trust Co. lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 16.3% during the second quarter, Holdings Channel.com reports. The firm owned 50 shares of the business services provider’s stock after acquiring an additional 7 shares during the period. Whittier Trust Co.’s holdings in Booking were worth $94,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Birch Hill Investment Advisors LLC lifted its holdings in Booking by 1.7% during the 2nd quarter. Birch Hill Investment Advisors LLC now owns 16,376 shares of the business services provider’s stock worth $30,700,000 after buying an additional 271 shares during the period. Cim LLC lifted its holdings in Booking by 2.1% during the 2nd quarter. Cim LLC now owns 5,246 shares of the business services provider’s stock worth $9,835,000 after buying an additional 106 shares during the period. Dowling & Yahnke LLC lifted its holdings in Booking by 3.2% during the 2nd quarter. Dowling & Yahnke LLC now owns 1,374 shares of the business services provider’s stock worth $2,576,000 after buying an additional 43 shares during the period. Amarillo National Bank lifted its holdings in Booking by 5.1% during the 2nd quarter. Amarillo National Bank now owns 207 shares of the business services provider’s stock worth $388,000 after buying an additional 10 shares during the period. Finally, AE Wealth Management LLC acquired a new position in Booking during the 2nd quarter worth about $618,000. Institutional investors and hedge funds own 94.19% of the company’s stock.
In related 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 filing with the SEC, which is available 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 stock was 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. Over the last ninety days, insiders have sold 1,462 shares of company stock worth $2,602,200. 0.27% of the stock is owned by company insiders.
Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, May 9th. The business services provider reported $11.17 earnings per share for the quarter, missing analysts’ consensus estimates of $11.26 by ($0.09). Booking had a return on equity of 48.32% and a net margin of 28.79%. The firm 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 firm’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, sell-side analysts predict that Booking Holdings Inc. will post 100.96 EPS for the current year.
BKNG has been the topic of several recent research reports. Cowen lifted their target price on Booking from $2,000.00 to $2,160.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Ascendiant Capital Markets set a $2,000.00 target price on Booking and gave the stock a “buy” rating in a report on Tuesday, May 14th. UBS Group cut their target price on Booking from $2,000.00 to $1,960.00 and set a “neutral” rating on the stock in a report on Friday, May 10th. Zacks Investment Research raised Booking from a “sell” rating to a “hold” rating and set a $1,988.00 target price on the stock in a report on Tuesday, July 23rd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $1,995.00 price objective on shares of Booking in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $2,057.52.
Booking Company 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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