IBM Retirement Fund trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 14.5% in the third quarter, Holdings Channel reports. The institutional investor owned 869 shares of the business services provider’s stock after selling 147 shares during the quarter. IBM Retirement Fund’s holdings in Booking were worth $1,724,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dowling & Yahnke LLC grew its holdings 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 purchasing an additional 25 shares during the period. Wrapmanager Inc. boosted its holdings in shares of Booking by 14.7% in the second quarter. Wrapmanager Inc. now owns 195 shares of the business services provider’s stock valued at $395,000 after buying an additional 25 shares during the period. Harvest Fund Management Co. Ltd boosted its holdings 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 valued at $114,000 after buying an additional 26 shares during the period. First Manhattan Co. boosted its holdings 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 valued at $115,000 after buying an additional 27 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of Booking by 17.7% in the second quarter. Signaturefd LLC now owns 186 shares of the business services provider’s stock valued at $377,000 after buying an additional 28 shares during the period. 94.39% of the stock is owned by institutional investors and hedge funds.

Shares of BKNG opened at $1,906.28 on Tuesday. Booking Holdings Inc. has a 12 month low of $1,683.28 and a 12 month high of $2,228.99. The firm has a market cap of $89.77 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.22. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.99.

Booking (NASDAQ:BKNG) last announced its earnings results on Monday, November 5th. The business services provider reported $37.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $38.37 by ($0.59). Booking had a return on equity of 26.87% and a net margin of 19.81%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the previous year, the company posted $34.43 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities research analysts predict that Booking Holdings Inc. will post 89.68 EPS for the current year.

In related news, CEO Gillian Tans sold 295 shares of the stock in a transaction on Monday, October 15th. The shares were sold at an average price of $1,803.58, for a total transaction of $532,056.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Several research analysts have recently weighed in on BKNG shares. Raymond James reiterated an “outperform” rating and issued a $2,160.00 price target (up previously from $1,970.00) on shares of Booking in a report on Tuesday, November 6th. UBS Group upgraded shares of Booking from a “neutral” rating to a “buy” rating and upped their price target for the company from $2,060.00 to $2,320.00 in a report on Friday, August 10th. Mizuho reduced their price target on shares of Booking to $2,400.00 and set a “buy” rating for the company in a report on Friday, August 10th. ValuEngine upgraded shares of Booking from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Finally, Wedbush set a $2,500.00 price target on shares of Booking and gave the company a “buy” rating in a report on Tuesday, November 6th. Thirteen equities 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 stock. The company has a consensus rating of “Buy” and an average price target of $2,155.87.

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Booking Company Profile

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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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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