Booking Holdings Inc. (NASDAQ:BKNG) Stake Boosted by Washington Trust Bank

Washington Trust Bank increased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,451 shares of the business services provider’s stock after purchasing an additional 15 shares during the quarter. Washington Trust Bank’s holdings in Booking were worth $6,470,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC grew its stake in Booking by 8.3% during the 1st quarter. FMR LLC now owns 997,623 shares of the business services provider’s stock valued at $1,740,762,000 after acquiring an additional 76,561 shares in the last quarter. 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 valued at $621,000 after acquiring an additional 620,831 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake 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 valued at $59,616,000 after acquiring an additional 595,855 shares in the last quarter. Investec Asset Management LTD grew its stake in Booking by 5.7% during the 1st quarter. Investec Asset Management LTD now owns 446,638 shares of the business services provider’s stock valued at $779,343,000 after acquiring an additional 23,929 shares in the last quarter. Finally, Flossbach Von Storch AG grew its stake in Booking by 28.4% during the 1st quarter. Flossbach Von Storch AG now owns 259,414 shares of the business services provider’s stock valued at $452,654,000 after acquiring an additional 57,308 shares in the last quarter. 94.19% of the stock is currently owned by hedge funds and other institutional investors.

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 sale was disclosed in a document filed with the Securities & Exchange Commission, 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 90 days, insiders sold 1,462 shares of company stock valued at $2,602,200. Corporate insiders own 0.27% of the company’s stock.

Several equities analysts have weighed in on the company. 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 research note on Tuesday, July 23rd. SunTrust Banks reaffirmed a “buy” rating and set a $2,150.00 target price on shares of Booking in a research note on Thursday, July 18th. 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, May 14th. UBS Group lowered their target price on 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. Finally, Cowen lifted their target price on Booking from $2,000.00 to $2,160.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $2,057.52.

BKNG traded up $24.17 on Wednesday, hitting $1,810.69. The company had a trading volume of 280,888 shares, compared to its average volume of 274,344. The stock’s fifty day simple moving average is $1,882.48. Booking Holdings Inc. has a 1-year low of $1,606.27 and a 1-year high of $2,109.00. 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 company has a market capitalization of $79.92 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 1.51 and a beta of 1.14.

Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, May 9th. The business services provider reported $11.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $11.26 by ($0.09). Booking had a return on equity of 48.32% and a net margin of 28.79%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter last year, the firm posted $12.34 earnings per share. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. Analysts expect that Booking Holdings Inc. will post 100.96 earnings per share for the current fiscal year.

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.

Featured Article: How much can an individual set aside as a catch-up contribution?

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.