PNC Financial Services Group Inc. Sells 240 Shares of Booking Holdings Inc. (BKNG)

PNC Financial Services Group Inc. lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.3% in the third quarter, Holdings Channel reports. The fund owned 18,660 shares of the business services provider’s stock after selling 240 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Booking were worth $37,021,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. MUFG Securities EMEA plc purchased a new stake in shares of Booking in the second quarter valued at $109,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Booking in the third quarter valued at $109,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of Booking by 86.7% in the second quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 26 shares in the last quarter. First Manhattan Co. lifted its holdings in shares of Booking by 90.0% in the second quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock valued at $115,000 after purchasing an additional 27 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in shares of Booking in the second quarter valued at $134,000. Institutional investors own 93.39% of the company’s stock.

NASDAQ BKNG opened at $1,764.08 on Friday. Booking Holdings Inc. has a 1-year low of $1,690.34 and a 1-year high of $2,228.99. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.41 and a current ratio of 2.41. The firm has a market capitalization of $81.56 billion, a PE ratio of 22.90, a P/E/G ratio of 1.39 and a beta of 1.22.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Monday, November 5th. The business services provider reported $37.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $38.37 by ($0.59). The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.81 billion. Booking had a return on equity of 26.87% and a net margin of 19.81%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $34.43 earnings per share. On average, sell-side analysts predict that Booking Holdings Inc. will post 89.57 EPS for the current year.

BKNG has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Booking from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Benchmark restated a “hold” rating on shares of Booking in a report on Thursday, August 9th. SunTrust Banks restated a “buy” rating and issued a $2,300.00 target price on shares of Booking in a report on Thursday, August 9th. Stifel Nicolaus lowered Booking from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $2,100.00 target price on shares of Booking in a report on Thursday, August 9th. Eleven research analysts have rated the stock with a hold rating, eighteen have given 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 $2,159.87.

In other Booking news, CEO Gillian Tans sold 295 shares of the stock in a transaction on Monday, September 17th. The shares were sold at an average price of $1,917.94, for a total transaction of $565,792.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold 883 shares of company stock worth $1,646,347 over the last three months. Company insiders own 0.24% of the company’s stock.

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Booking 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.

See Also: Exchange-Traded Funds (ETFs)

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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