IFG Advisory LLC Sells 32 Shares of Booking Holdings Inc. (BKNG)
IFG Advisory LLC decreased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 14.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 194 shares of the business services provider’s stock after selling 32 shares during the quarter. IFG Advisory LLC’s holdings in Booking were worth $384,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. Dowling & Yahnke LLC raised its stake in Booking by 1.9% during the second quarter. Dowling & Yahnke LLC now owns 1,325 shares of the business services provider’s stock valued at $2,686,000 after buying an additional 25 shares during the last quarter. Wrapmanager Inc. raised its stake in shares of Booking by 14.7% in the second quarter. Wrapmanager Inc. now owns 195 shares of the business services provider’s stock worth $395,000 after purchasing an additional 25 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Booking by 86.7% in the second quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock worth $114,000 after purchasing an additional 26 shares during the last quarter. First Manhattan Co. raised its stake in shares of Booking by 90.0% in the second quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock worth $115,000 after purchasing an additional 27 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Booking by 17.7% in the second quarter. Signaturefd LLC now owns 186 shares of the business services provider’s stock worth $377,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 91.99% of the company’s stock.
In related news, CEO Gillian Tans sold 295 shares of the company’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $1,803.58, for a total transaction of $532,056.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is currently owned by corporate insiders.
Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Monday, November 5th. The business services provider reported $37.78 EPS for the quarter, missing analysts’ consensus estimates of $38.37 by ($0.59). The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Booking had a net margin of 19.81% and a return on equity of 26.87%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $34.43 EPS. As a group, research analysts anticipate that Booking Holdings Inc. will post 89.68 earnings per share for the current year.
Several research analysts have recently weighed in on BKNG shares. Zacks Investment Research cut Booking from a “hold” rating to a “sell” rating in a research note on Saturday, July 14th. Jefferies Financial Group cut Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 price target for the company. in a research note on Friday, August 10th. Cowen set a $2,375.00 price target on Booking and gave the stock a “buy” rating in a research note on Saturday, August 11th. Royal Bank of Canada boosted their price target on Booking to $2,425.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Barclays boosted their price target on Booking to $2,270.00 in a research note on Thursday, September 27th. They noted that the move was a valuation call. Thirteen research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $2,155.87.
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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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