Investors Sell Shares of Booking (BKNG) on Strength (BKNG)

Investors sold shares of Booking Holdings Inc. (NASDAQ:BKNG) on strength during trading on Wednesday. $137.10 million flowed into the stock on the tick-up and $239.94 million flowed out of the stock on the tick-down, for a money net flow of $102.84 million out of the stock. Of all equities tracked, Booking had the 16th highest net out-flow for the day. Booking traded up $38.58 for the day and closed at $1,874.58

BKNG has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Booking from a “hold” rating to a “sell” rating in a research report on Saturday, July 14th. Jefferies Financial Group lowered shares of Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 price target on the stock. in a research report on Friday, August 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $2,200.00 price target (up from $2,100.00) on shares of Booking in a research report on Wednesday, July 11th. Cowen set a $2,375.00 price target on shares of Booking and gave the stock a “buy” rating in a research report on Saturday, August 11th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $2,300.00 price target on shares of Booking in a research report on Tuesday, July 10th. Fourteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $2,138.41.

The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.86. The firm has a market cap of $84.06 billion, a P/E ratio of 24.34, a PEG ratio of 1.42 and a beta of 1.25.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 9th. The business services provider reported $20.67 EPS for the quarter, beating the consensus estimate of $17.34 by $3.33. Booking had a net margin of 20.07% and a return on equity of 24.74%. The firm had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period last year, the firm earned $24.39 EPS. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. As a group, equities analysts anticipate that Booking Holdings Inc. will post 89.4 EPS for the current year.

In other news, CEO Gillian Tans sold 295 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $1,917.94, for a total value of $565,792.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.24% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. First National Trust Co boosted its stake in shares of Booking by 4.6% in the 3rd quarter. First National Trust Co now owns 1,417 shares of the business services provider’s stock valued at $2,812,000 after purchasing an additional 62 shares in the last quarter. Accuvest Global Advisors boosted its stake in shares of Booking by 43.0% in the 3rd quarter. Accuvest Global Advisors now owns 266 shares of the business services provider’s stock valued at $528,000 after purchasing an additional 80 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Booking by 5.2% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,952 shares of the business services provider’s stock valued at $11,809,000 after purchasing an additional 295 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Booking by 13.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 52,917 shares of the business services provider’s stock valued at $104,988,000 after purchasing an additional 6,243 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. boosted its stake in shares of Booking by 31.5% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 706 shares of the business services provider’s stock valued at $1,401,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.

About Booking (NASDAQ:BKNG)

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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