Traders Sell Booking (BKNG) on Strength (BKNG)

Investors sold shares of Booking Holdings Inc. (NASDAQ:BKNG) on strength during trading hours on Monday. $190.40 million flowed into the stock on the tick-up and $255.47 million flowed out of the stock on the tick-down, for a money net flow of $65.07 million out of the stock. Of all equities tracked, Booking had the 0th highest net out-flow for the day. Booking traded up $2.02 for the day and closed at $1,958.76

A number of equities research analysts have weighed in on the stock. Benchmark lowered shares of Booking from a “buy” rating to a “hold” rating in a report on Friday, June 22nd. Zacks Investment Research raised shares of Booking from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Morgan Stanley reissued an “overweight” rating and set a $2,200.00 target price (up from $2,100.00) on shares of Booking in a report on Wednesday, July 11th. SunTrust Banks reissued a “buy” rating and set a $2,300.00 target price on shares of Booking in a report on Tuesday, July 10th. Finally, Mizuho reduced their target price on shares of Booking to $2,400.00 and set a “buy” rating on the stock in a report on Friday, August 10th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $2,154.45.

The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market cap of $92.99 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 1.55 and a beta of 1.27.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, August 9th. The business services provider reported $20.67 EPS for the quarter, beating the Zacks’ consensus estimate of $17.34 by $3.33. Booking had a net margin of 20.07% and a return on equity of 24.74%. The company had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period in the prior year, the firm posted $24.39 EPS. The company’s quarterly revenue was up 16.9% on a year-over-year basis. equities analysts predict that Booking Holdings Inc. will post 89.26 EPS for the current year.

In related 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC boosted its stake in Booking by 14.6% during the second quarter. FMR LLC now owns 1,428,678 shares of the business services provider’s stock worth $2,896,058,000 after acquiring an additional 181,931 shares in the last quarter. Morgan Stanley boosted its stake in Booking by 30.9% during the second quarter. Morgan Stanley now owns 993,158 shares of the business services provider’s stock worth $2,013,218,000 after acquiring an additional 234,246 shares in the last quarter. Edgewood Management LLC boosted its stake in Booking by 2.6% during the second quarter. Edgewood Management LLC now owns 679,589 shares of the business services provider’s stock worth $1,377,588,000 after acquiring an additional 17,104 shares in the last quarter. Jennison Associates LLC boosted its stake in Booking by 25.4% during the second quarter. Jennison Associates LLC now owns 589,299 shares of the business services provider’s stock worth $1,194,562,000 after acquiring an additional 119,238 shares in the last quarter. Finally, Summit Trail Advisors LLC bought a new position in Booking during the first quarter worth $458,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Booking Company Profile (NASDAQ:BKNG)

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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