Harel Insurance Investments & Financial Services Ltd. decreased its position in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 7.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,389 shares of the business services provider’s stock after selling 112 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Booking were worth $3,722,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in BKNG. Grey Fox Wealth Advisors LLC acquired a new position in Booking during the 4th quarter worth about $26,000. Albion Financial Group UT acquired a new position in Booking during the 1st quarter worth about $27,000. Arlington Partners LLC acquired a new position in Booking during the 1st quarter worth about $27,000. Delta Asset Management LLC TN acquired a new position in Booking during the 4th quarter worth about $30,000. Finally, AXS Investments LLC acquired a new position in Booking during the 4th quarter worth about $30,000. Institutional investors own 92.13% of the company’s stock.
Insider Buying and Selling at Booking
In other Booking news, CFO David I. Goulden sold 550 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $2,857.23, for a total transaction of $1,571,476.50. Following the completion of the sale, the chief financial officer now owns 13,954 shares of the company’s stock, valued at approximately $39,869,787.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $2,917.01, for a total value of $2,187,757.50. Following the transaction, the chief executive officer now owns 39,949 shares in the company, valued at $116,531,632.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David I. Goulden sold 550 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $2,857.23, for a total value of $1,571,476.50. Following the completion of the transaction, the chief financial officer now owns 13,954 shares in the company, valued at approximately $39,869,787.42. The disclosure for this sale can be found here. Insiders sold 4,341 shares of company stock valued at $13,450,436 in the last quarter. 0.15% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research firms have issued reports on BKNG. Barclays upped their target price on shares of Booking from $3,130.00 to $3,740.00 and gave the company an “overweight” rating in a research report on Friday, August 4th. Tigress Financial upped their target price on shares of Booking from $3,430.00 to $3,855.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 17th. Wells Fargo & Company began coverage on shares of Booking in a research report on Wednesday, June 7th. They set an “underweight” rating and a $2,257.00 target price on the stock. Melius began coverage on shares of Booking in a research report on Monday, July 31st. They set an “overweight” rating and a $3,500.00 target price on the stock. Finally, Jefferies Financial Group upped their target price on shares of Booking from $3,350.00 to $3,400.00 and gave the company a “buy” rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $3,137.29.
Check Out Our Latest Stock Analysis on BKNG
Booking Price Performance
Shares of BKNG opened at $3,062.54 on Friday. The stock has a market capitalization of $109.30 billion, a P/E ratio of 26.45, a P/E/G ratio of 1.05 and a beta of 1.35. Booking Holdings Inc. has a twelve month low of $1,616.85 and a twelve month high of $3,251.71. The company has a 50 day moving average of $3,075.58 and a 200-day moving average of $2,782.45. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 11.16.
Booking (NASDAQ:BKNG – Get Free Report) last released its earnings results on Thursday, August 3rd. The business services provider reported $37.62 earnings per share for the quarter, beating the consensus estimate of $28.84 by $8.78. Booking had a net margin of 23.04% and a return on equity of 285.21%. The business had revenue of $5.50 billion during the quarter, compared to analysts’ expectations of $5.17 billion. During the same period last year, the business earned $19.08 earnings per share. The firm’s revenue was up 27.9% on a year-over-year basis. As a group, equities research analysts forecast that Booking Holdings Inc. will post 144.28 EPS for the current fiscal year.
Booking Profile
(Free Report)
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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