Todd Asset Management LLC Sells 69 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Todd Asset Management LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,849 shares of the business services provider’s stock after selling 69 shares during the quarter. Booking accounts for 0.9% of Todd Asset Management LLC’s holdings, making the stock its 27th biggest position. Todd Asset Management LLC’s holdings in Booking were worth $33,462,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Weaver Consulting Group bought a new stake in Booking during the 1st quarter worth approximately $25,000. TRUE Private Wealth Advisors bought a new stake in Booking during the 2nd quarter worth approximately $50,000. Legacy Advisors LLC increased its stake in Booking by 172.7% during the 2nd quarter. Legacy Advisors LLC now owns 30 shares of the business services provider’s stock worth $56,000 after purchasing an additional 19 shares in the last quarter. Hanson McClain Inc. boosted its position in Booking by 1,650.0% during the 1st quarter. Hanson McClain Inc. now owns 35 shares of the business services provider’s stock worth $61,000 after acquiring an additional 33 shares during the last quarter. Finally, Bartlett & Co. LLC boosted its position in Booking by 3,900.0% during the 2nd quarter. Bartlett & Co. LLC now owns 40 shares of the business services provider’s stock worth $75,000 after acquiring an additional 39 shares during the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

In other Booking news, Director Jeffrey E. Epstein sold 250 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $1,755.75, for a total transaction of $438,937.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gillian Tans sold 606 shares of the firm’s 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. Company insiders own 0.24% of the company’s stock.

BKNG has been the subject of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $2,100.00 price target (down previously from $2,150.00) on shares of Booking in a research report on Thursday, August 8th. Deutsche Bank upped their price target on Booking from $2,175.00 to $2,275.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $1,900.00 price target (up previously from $1,800.00) on shares of Booking in a research report on Thursday, August 8th. Cowen reaffirmed an “outperform” rating and set a $2,300.00 price target (up previously from $2,160.00) on shares of Booking in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. upped their price target on Booking from $1,930.00 to $2,125.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Booking presently has a consensus rating of “Hold” and a consensus price target of $2,075.70.

Shares of NASDAQ BKNG traded down $53.80 during trading hours on Friday, hitting $1,898.67. The company had a trading volume of 231,767 shares, compared to its average volume of 345,161. The stock has a market capitalization of $83.14 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.74. Booking Holdings Inc. has a 1-year low of $1,606.27 and a 1-year high of $2,019.48. The firm’s 50 day moving average is $1,898.92 and its 200-day moving average is $1,828.39.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $23.59 EPS for the quarter, beating the consensus estimate of $22.80 by $0.79. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.78 billion. Booking had a return on equity of 56.70% and a net margin of 28.19%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $20.13 EPS. On average, sell-side analysts predict that Booking Holdings Inc. will post 101.69 earnings per share for the current 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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