Forsta AP Fonden Sells 800 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Forsta AP Fonden lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNGGet Rating) by 10.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,100 shares of the business services provider’s stock after selling 800 shares during the period. Forsta AP Fonden’s holdings in Booking were worth $16,674,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BKNG. Norges Bank bought a new position in Booking during the 4th quarter valued at approximately $1,013,778,000. Schroder Investment Management Group increased its position in Booking by 55.4% during the 4th quarter. Schroder Investment Management Group now owns 466,525 shares of the business services provider’s stock valued at $1,119,301,000 after buying an additional 166,288 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Booking by 320.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 181,603 shares of the business services provider’s stock valued at $426,486,000 after buying an additional 138,379 shares in the last quarter. Los Angeles Capital Management LLC increased its position in Booking by 2,082.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 90,578 shares of the business services provider’s stock valued at $217,317,000 after buying an additional 86,428 shares in the last quarter. Finally, swisspartners Ltd. increased its position in Booking by 20,814.5% during the 1st quarter. swisspartners Ltd. now owns 80,521 shares of the business services provider’s stock valued at $367,000 after buying an additional 80,136 shares in the last quarter. Institutional investors own 89.48% of the company’s stock.

Booking Stock Down 1.1 %

Shares of NASDAQ BKNG opened at $1,924.97 on Friday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.72 and a current ratio of 1.45. The firm has a market capitalization of $76.44 billion, a price-to-earnings ratio of 51.32, a PEG ratio of 1.23 and a beta of 1.25. The stock has a 50 day moving average price of $1,932.40 and a 200 day moving average price of $2,144.37. Booking Holdings Inc. has a 52-week low of $1,669.34 and a 52-week high of $2,715.66.

Booking (NASDAQ:BKNGGet Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The business services provider reported $19.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $17.93 by $1.15. Booking had a return on equity of 62.69% and a net margin of 10.54%. During the same period last year, the business earned ($2.55) earnings per share. Sell-side analysts expect that Booking Holdings Inc. will post 98.14 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Royal Bank of Canada raised their price objective on Booking from $2,700.00 to $2,800.00 in a research report on Thursday, May 5th. Susquehanna Bancshares reduced their target price on Booking from $2,900.00 to $2,800.00 and set a “positive” rating for the company in a report on Friday. UBS Group reduced their target price on Booking from $2,800.00 to $2,285.00 and set a “buy” rating for the company in a report on Monday, August 1st. Barclays reduced their target price on Booking from $2,390.00 to $2,270.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Booking from $2,300.00 to $2,280.00 and set a “buy” rating for the company in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average price target of $2,579.86.

Insider Activity at Booking

In other Booking news, CFO David I. Goulden sold 150 shares of the company’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $2,000.13, for a total transaction of $300,019.50. Following the completion of the sale, the chief financial officer now owns 6,269 shares in the company, valued at $12,538,814.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Booking news, CFO David I. Goulden sold 150 shares of the company’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $2,000.13, for a total transaction of $300,019.50. Following the completion of the sale, the chief financial officer now owns 6,269 shares in the company, valued at $12,538,814.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paulo Pisano sold 120 shares of the company’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $2,100.00, for a total value of $252,000.00. Following the sale, the insider now owns 3,003 shares of the company’s stock, valued at approximately $6,306,300. The disclosure for this sale can be found here. Over the last quarter, insiders sold 470 shares of company stock worth $952,060. Company insiders own 0.24% of the company’s stock.

Booking Company Profile

(Get Rating)

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.

Read More

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:BKNGGet Rating).

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.