Huntington National Bank Sells 1,394 Shares of Booking Holdings Inc. (BKNG)

Huntington National Bank lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 31.0% during the 1st quarter, HoldingsChannel reports. The fund owned 3,099 shares of the business services provider’s stock after selling 1,394 shares during the period. Huntington National Bank’s holdings in Booking were worth $5,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Quadrant Capital Group LLC lifted its position in shares of Booking by 4.8% during the fourth quarter. Quadrant Capital Group LLC now owns 131 shares of the business services provider’s stock worth $209,000 after acquiring an additional 6 shares in the last quarter. Shine Investment Advisory Services Inc. lifted its position in shares of Booking by 6.4% during the fourth quarter. Shine Investment Advisory Services Inc. now owns 100 shares of the business services provider’s stock worth $172,000 after acquiring an additional 6 shares in the last quarter. Cypress Capital Management LLC lifted its position in shares of Booking by 1.4% during the fourth quarter. Cypress Capital Management LLC now owns 422 shares of the business services provider’s stock worth $727,000 after acquiring an additional 6 shares in the last quarter. Cypress Capital Group raised its position in shares of Booking by 2.5% in the fourth quarter. Cypress Capital Group now owns 244 shares of the business services provider’s stock worth $420,000 after buying an additional 6 shares in the last quarter. Finally, Magellan Asset Management Ltd raised its position in shares of Booking by 4.4% in the fourth quarter. Magellan Asset Management Ltd now owns 165 shares of the business services provider’s stock worth $284,000 after buying an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 92.22% of the company’s stock.

NASDAQ BKNG opened at $1,806.00 on Thursday. Booking Holdings Inc. has a twelve month low of $1,606.27 and a twelve month high of $2,201.84. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.12. The stock has a market cap of $80.77 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.38 and a beta of 1.03.

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

A number of equities research analysts recently issued reports on BKNG shares. Tigress Financial reiterated a “buy” rating on shares of Booking in a research report on Monday, December 24th. Zacks Investment Research upgraded Booking from a “hold” rating to a “buy” rating and set a $1,917.00 price objective on the stock in a research report on Tuesday, January 8th. Jefferies Financial Group downgraded Booking from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Morgan Stanley downgraded Booking from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $2,100.00 to $2,050.00 in a research report on Wednesday, January 9th. Finally, Deutsche Bank upgraded Booking from a “hold” rating to a “buy” rating and increased their price objective for the stock from $2,150.00 to $2,370.00 in a research report on Tuesday, February 5th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. Booking has an average rating of “Hold” and an average price target of $2,121.68.

In other news, CEO Gillian Tans sold 294 shares of the firm’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $1,695.00, for a total transaction of $498,330.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey E. Epstein sold 250 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $1,715.00, for a total value of $428,750.00. The disclosure for this sale can be found here. Insiders have sold 865 shares of company stock worth $1,489,405 over the last ninety days. 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.

Further Reading: Diversification in Your Portfolio

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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