Wambolt & Associates LLC Has $722,000 Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Wambolt & Associates LLC boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 385 shares of the business services provider’s stock after buying an additional 24 shares during the period. Wambolt & Associates LLC’s holdings in Booking were worth $722,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Weaver Consulting Group purchased a new stake in shares of Booking in the first quarter valued at about $25,000. Guidant Wealth Advisors purchased a new stake in shares of Booking in the first quarter valued at about $26,000. Truvestments Capital LLC purchased a new stake in shares of Booking in the first quarter valued at about $44,000. Horan Capital Advisors LLC. purchased a new stake in shares of Booking in the first quarter valued at about $49,000. Finally, Legacy Advisors LLC raised its holdings in shares of Booking by 172.7% in the second quarter. Legacy Advisors LLC now owns 30 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 94.19% of the company’s stock.

Several brokerages have recently commented on BKNG. Needham & Company LLC initiated coverage on shares of Booking in a report on Monday, May 20th. They issued a “buy” rating and a $2,200.00 target price for the company. Ascendiant Capital Markets set a $2,000.00 target price on shares of Booking and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Credit Suisse Group reiterated an “outperform” rating and set a $2,250.00 target price (up previously from $2,235.00) on shares of Booking in a research report on Friday, May 10th. UBS Group lowered their price target on shares of Booking from $2,000.00 to $1,960.00 and set a “neutral” rating on the stock in a report on Friday, May 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $1,995.00 target price on shares of Booking in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $2,057.52.

In related news, 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey E. Epstein sold 250 shares of Booking stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $1,755.75, for a total transaction of $438,937.50. The disclosure for this sale can be found here. Insiders sold 1,462 shares of company stock worth $2,602,200 in the last 90 days. Company insiders own 0.27% of the company’s stock.

Shares of Booking stock traded up $16.21 on Wednesday, hitting $1,802.73. The stock had a trading volume of 218,198 shares, compared to its average volume of 274,344. 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 one year low of $1,606.27 and a one year high of $2,109.00. The firm has a market cap of $79.92 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 1.51 and a beta of 1.14. The firm has a 50-day moving average of $1,882.48.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, May 9th. The business services provider reported $11.17 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the prior year, the business posted $12.34 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities analysts anticipate that Booking Holdings Inc. will post 100.96 EPS 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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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