Avitas Wealth Management LLC Has $607,000 Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Avitas Wealth Management LLC decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 5.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144 shares of the business services provider’s stock after selling 9 shares during the period. Avitas Wealth Management LLC’s holdings in Booking were worth $607,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC lifted its holdings in Booking by 1.9% in the first quarter. Proficio Capital Partners LLC now owns 157 shares of the business services provider’s stock valued at $570,000 after buying an additional 3 shares during the period. Team Hewins LLC lifted its holdings in Booking by 1.7% in the first quarter. Team Hewins LLC now owns 182 shares of the business services provider’s stock valued at $660,000 after buying an additional 3 shares during the period. Csenge Advisory Group lifted its holdings in Booking by 4.7% in the first quarter. Csenge Advisory Group now owns 67 shares of the business services provider’s stock valued at $243,000 after buying an additional 3 shares during the period. Bleakley Financial Group LLC lifted its holdings in Booking by 0.3% in the first quarter. Bleakley Financial Group LLC now owns 869 shares of the business services provider’s stock valued at $3,153,000 after buying an additional 3 shares during the period. Finally, Sheaff Brock Investment Advisors LLC lifted its holdings in Booking by 0.8% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock valued at $1,461,000 after buying an additional 3 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

BKNG has been the topic of several recent analyst reports. Mizuho boosted their target price on shares of Booking from $4,250.00 to $4,800.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Jefferies Financial Group upped their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Barclays upped their price objective on shares of Booking from $3,900.00 to $4,500.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Tigress Financial upped their price objective on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 9th. Finally, Morgan Stanley upped their price objective on shares of Booking from $4,000.00 to $4,200.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $4,256.89.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by company insiders.

Booking Stock Up 0.8 %

Shares of BKNG stock opened at $4,463.93 on Thursday. The company has a 50 day moving average of $4,100.42 and a 200-day moving average of $3,866.59. Booking Holdings Inc. has a 12-month low of $2,756.13 and a 12-month high of $4,477.88. The firm has a market cap of $149.63 billion, a P/E ratio of 31.25, a PEG ratio of 1.44 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $39.22 by $2.68. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The company had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same quarter last year, the business posted $37.62 EPS. Booking’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts expect that Booking Holdings Inc. will post 177.29 EPS for the current year.

About Booking

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.