WESPAC Advisors SoCal LLC Cuts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

WESPAC Advisors SoCal LLC lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 670 shares of the business services provider’s stock after selling 28 shares during the quarter. WESPAC Advisors SoCal LLC’s holdings in Booking were worth $1,256,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Weaver Consulting Group purchased a new stake in shares of Booking in the first quarter valued at about $25,000. Guidant Wealth Advisors purchased a new stake in shares of Booking in the first quarter valued at about $26,000. Truvestments Capital LLC purchased a new stake in shares of Booking in the first quarter valued at about $44,000. Horan Capital Advisors LLC. purchased a new stake in shares of Booking in the first quarter valued at about $49,000. Finally, Legacy Advisors LLC grew its holdings in shares of Booking by 172.7% in the second quarter. Legacy Advisors LLC now owns 30 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 19 shares during the period. 94.19% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on the stock. Citigroup raised shares of Booking from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $1,800.00 to $1,745.02 in a report on Thursday, May 23rd. Morgan Stanley upped their price objective on shares of Booking from $2,050.00 to $2,100.00 and gave the company an “equal weight” rating in a report on Thursday. SunTrust Banks reissued a “buy” rating and issued a $2,150.00 price objective on shares of Booking in a report on Thursday, July 18th. JPMorgan Chase & Co. upped their price objective on shares of Booking from $1,930.00 to $2,125.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Mizuho reissued a “buy” rating and issued a $2,150.00 price objective (up previously from $2,050.00) on shares of Booking in a report on Thursday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the company. Booking has a consensus rating of “Hold” and a consensus price target of $2,066.00.

In other news, CEO Gillian Tans sold 606 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $1,778.60, for a total transaction of $1,077,831.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey E. Epstein sold 250 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $1,755.75, for a total transaction of $438,937.50. The disclosure for this sale can be found here. Insiders have sold 1,462 shares of company stock worth $2,602,200 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Shares of BKNG traded down $23.32 during mid-day trading on Friday, hitting $1,917.69. 366,687 shares of the company’s stock were exchanged, compared to its average volume of 317,879. The company has a market capitalization of $82.52 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.59 and a beta of 1.14. Booking Holdings Inc. has a fifty-two week low of $1,606.27 and a fifty-two week high of $2,019.48. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.27 and a current ratio of 1.58. The company has a 50-day moving average of $1,886.59.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $23.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $22.80 by $0.79. The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Booking had a net margin of 28.19% and a return on equity of 56.70%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $20.13 earnings per share. As a group, research analysts predict that Booking Holdings Inc. will post 101.54 EPS for the current fiscal year.

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: What is the G-20?

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.