Montag & Caldwell LLC Sells 10,689 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Montag & Caldwell LLC decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 33.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,228 shares of the business services provider’s stock after selling 10,689 shares during the quarter. Booking comprises approximately 2.0% of Montag & Caldwell LLC’s portfolio, making the stock its 26th biggest holding. Montag & Caldwell LLC’s holdings in Booking were worth $39,797,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BKNG. Dimensional Fund Advisors LP raised its position in Booking by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 137,675 shares of the business services provider’s stock worth $237,138,000 after purchasing an additional 2,878 shares during the last quarter. USS Investment Management Ltd acquired a new stake in Booking during the 1st quarter worth about $157,206,000. Chartwell Investment Partners LLC acquired a new stake in Booking during the 1st quarter worth about $321,000. First Manhattan Co. grew its holdings in Booking by 187.7% during the 1st quarter. First Manhattan Co. now owns 164 shares of the business services provider’s stock worth $286,000 after acquiring an additional 107 shares during the period. Finally, Raymond James Trust N.A. grew its holdings in Booking by 57.4% during the 1st quarter. Raymond James Trust N.A. now owns 825 shares of the business services provider’s stock worth $1,440,000 after acquiring an additional 301 shares during the period. 94.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of Booking stock traded down $2.10 during mid-day trading on Thursday, hitting $1,889.09. 11,071 shares of the stock were exchanged, compared to its average volume of 324,407. Booking Holdings Inc. has a 12 month low of $1,606.27 and a 12 month high of $2,019.48. The firm’s 50-day moving average is $1,891.21. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $81.49 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.41 and a beta of 1.14.

Booking (NASDAQ:BKNG) last posted its earnings results on Wednesday, August 7th. The business services provider reported $23.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $22.80 by $0.79. Booking had a net margin of 28.19% and a return on equity of 56.70%. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter last year, the firm earned $20.13 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, research analysts predict that Booking Holdings Inc. will post 101.71 EPS for the current fiscal year.

A number of analysts have weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $2,100.00 price target (down from $2,150.00) on shares of Booking in a report on Thursday, August 8th. Citigroup upgraded Booking from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $1,800.00 to $1,745.02 in a report on Thursday, May 23rd. Stifel Nicolaus reiterated a “hold” rating and set a $1,995.00 price target on shares of Booking in a report on Monday, April 29th. JPMorgan Chase & Co. raised their target price on Booking from $1,930.00 to $2,125.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Finally, Cowen restated an “outperform” rating and issued a $2,300.00 target price (up from $2,160.00) on shares of Booking in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $2,066.00.

In related news, Director Jeffrey E. Epstein sold 250 shares of Booking 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Gillian Tans sold 606 shares of Booking 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 disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

About Booking

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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