Booking Holdings Inc. (BKNG) Stake Lessened by Wambolt & Associates LLC

Wambolt & Associates LLC cut its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 4.0% in the first quarter, Holdings Channel reports. The fund owned 361 shares of the business services provider’s stock after selling 15 shares during the quarter. Wambolt & Associates LLC’s holdings in Booking were worth $648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bell Asset Management Ltd raised its holdings in shares of Booking by 16.1% in the first quarter. Bell Asset Management Ltd now owns 5,775 shares of the business services provider’s stock valued at $10,077,000 after buying an additional 802 shares during the last quarter. Chartwell Investment Partners LLC acquired a new position in shares of Booking during the first quarter worth about $321,000. Pacer Advisors Inc. increased its stake in shares of Booking by 53,735.3% during the first quarter. Pacer Advisors Inc. now owns 9,152 shares of the business services provider’s stock worth $15,969,000 after acquiring an additional 9,135 shares during the period. 6 Meridian increased its stake in shares of Booking by 16.8% during the first quarter. 6 Meridian now owns 3,625 shares of the business services provider’s stock worth $6,325,000 after acquiring an additional 522 shares during the period. Finally, CHICAGO TRUST Co NA acquired a new position in shares of Booking during the first quarter worth about $1,101,000. 92.22% of the stock is owned by hedge funds and other institutional investors.

In other Booking news, Director Jeffrey E. Epstein sold 250 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $1,715.00, for a total transaction of $428,750.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gillian Tans sold 321 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $1,751.79, for a total transaction of $562,324.59. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 865 shares of company stock worth $1,489,405. 0.24% of the stock is currently owned by insiders.

BKNG has been the topic of several recent analyst reports. Bank of America restated a “buy” rating and set a $2,400.00 target price (up from $2,300.00) on shares of Booking in a research report on Tuesday, February 26th. Morgan Stanley lowered shares of Booking from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $2,100.00 to $2,050.00 in a research report on Wednesday, January 9th. Deutsche Bank upgraded shares of Booking from a “hold” rating to a “buy” rating and upped their target price for the stock from $2,150.00 to $2,370.00 in a research report on Tuesday, February 5th. SunTrust Banks restated a “buy” rating and set a $2,150.00 target price on shares of Booking in a research report on Thursday, February 28th. Finally, Zacks Investment Research lowered shares of Booking from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $2,121.68.

NASDAQ:BKNG traded up $12.59 during trading hours on Thursday, reaching $1,818.59. 420,767 shares of the company were exchanged, compared to its average volume of 495,931. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.12. The company has a market cap of $81.85 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.38 and a beta of 1.03. Booking Holdings Inc. has a 52-week low of $1,606.27 and a 52-week high of $2,201.84.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Wednesday, February 27th. The business services provider reported $22.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $19.39 by $3.10. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.23 billion. Booking had a net margin of 27.52% and a return on equity of 44.63%. Booking’s revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the firm posted $16.86 earnings per share. Research analysts forecast that Booking Holdings Inc. will post 101.67 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Booking Holdings Inc. (BKNG) Stake Lessened by Wambolt & Associates LLC” was originally reported by WKRB News and is the sole property of of WKRB News. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://www.wkrb13.com/2019/04/11/booking-holdings-inc-bkng-stake-lessened-by-wambolt-associates-llc.html.

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.

Further Reading: Do stock splits help investors?

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG).

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.