Traders Sell Shares of Booking (BKNG) on Strength Following Insider Selling

Traders sold shares of Booking Holdings Inc. (NASDAQ:BKNG) on strength during trading on Wednesday following insider selling activity. $114.91 million flowed into the stock on the tick-up and $161.32 million flowed out of the stock on the tick-down, for a money net flow of $46.41 million out of the stock. Of all stocks tracked, Booking had the 0th highest net out-flow for the day. Booking traded up $20.24 for the day and closed at $1,850.51Specifically, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $1,803.58, for a total value of $532,056.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.24% of the stock is currently owned by insiders.

Several equities research analysts have weighed in on BKNG shares. Zacks Investment Research downgraded Booking from a “hold” rating to a “sell” rating in a report on Saturday, July 14th. Jefferies Financial Group downgraded Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 price target on the stock. in a report on Friday, August 10th. Morgan Stanley restated an “overweight” rating and set a $2,200.00 price target (up previously from $2,100.00) on shares of Booking in a report on Wednesday, July 11th. Cowen set a $2,375.00 price target on Booking and gave the stock a “buy” rating in a report on Saturday, August 11th. Finally, SunTrust Banks restated a “buy” rating and set a $2,300.00 price target on shares of Booking in a report on Tuesday, July 10th. Fourteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Booking presently has an average rating of “Buy” and an average price target of $2,145.70.

The firm has a market cap of $94.18 billion, a P/E ratio of 23.92, a PEG ratio of 1.57 and a beta of 1.25. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.92 and a quick ratio of 1.92.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in BKNG. Summit Trail Advisors LLC purchased a new position in shares of Booking in the 1st quarter valued at about $458,000. Brown Advisory Inc. acquired a new stake in shares of Booking in the 1st quarter valued at about $616,639,000. Morgan Stanley boosted its position in shares of Booking by 30.9% in the 2nd quarter. Morgan Stanley now owns 993,158 shares of the business services provider’s stock valued at $2,013,218,000 after purchasing an additional 234,246 shares during the period. FMR LLC boosted its position in shares of Booking by 14.6% in the 2nd quarter. FMR LLC now owns 1,428,678 shares of the business services provider’s stock valued at $2,896,058,000 after purchasing an additional 181,931 shares during the period. Finally, Egerton Capital UK LLP acquired a new stake in shares of Booking in the 2nd quarter valued at about $335,358,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

About Booking (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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