Melqart Asset Management UK Ltd Has $2.31 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Melqart Asset Management UK Ltd lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 63.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 992 shares of the business services provider’s stock after selling 1,748 shares during the quarter. Melqart Asset Management UK Ltd’s holdings in Booking were worth $2,311,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Coldstream Capital Management Inc. lifted its position in shares of Booking by 5.9% in the first quarter. Coldstream Capital Management Inc. now owns 198 shares of the business services provider’s stock worth $461,000 after purchasing an additional 11 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Booking by 69.1% in the first quarter. Advisory Services Network LLC now owns 509 shares of the business services provider’s stock worth $1,186,000 after purchasing an additional 208 shares in the last quarter. Sierra Capital LLC bought a new stake in shares of Booking in the first quarter worth $82,000. Advisor Partners LLC raised its position in Booking by 5.4% during the first quarter. Advisor Partners LLC now owns 1,240 shares of the business services provider’s stock worth $2,889,000 after acquiring an additional 63 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its position in Booking by 2.8% during the first quarter. Rehmann Capital Advisory Group now owns 224 shares of the business services provider’s stock worth $522,000 after acquiring an additional 6 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Shares of BKNG stock traded up $1.11 on Thursday, reaching $2,195.14. The company had a trading volume of 7,244 shares, compared to its average volume of 302,783. The firm has a market capitalization of $90.11 billion, a PE ratio of 128.61, a PEG ratio of 3.79 and a beta of 1.26. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.18 and a quick ratio of 2.18. Booking Holdings Inc. has a one year low of $1,589.00 and a one year high of $2,516.00. The firm has a 50-day simple moving average of $2,253.90.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, May 4th. The business services provider reported ($5.26) EPS for the quarter, topping analysts’ consensus estimates of ($7.26) by $2.00. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Booking had a net margin of 12.44% and a negative return on equity of 3.81%. On average, sell-side analysts forecast that Booking Holdings Inc. will post 34.03 earnings per share for the current year.

In related news, Director Jeffery H. Boyd sold 873 shares of the firm’s stock in a transaction that occurred on Wednesday, May 12th. The shares were sold at an average price of $2,228.65, for a total value of $1,945,611.45. Following the completion of the transaction, the director now owns 40,982 shares in the company, valued at approximately $91,334,534.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO David I. Goulden sold 183 shares of the firm’s stock in a transaction that occurred on Tuesday, June 15th. The shares were sold at an average price of $2,302.37, for a total transaction of $421,333.71. Following the completion of the transaction, the chief financial officer now owns 4,955 shares of the company’s stock, valued at approximately $11,408,243.35. The disclosure for this sale can be found here. Insiders sold 1,239 shares of company stock valued at $2,764,604 in the last three months. Company insiders own 0.24% of the company’s stock.

Several analysts have issued reports on BKNG shares. BTIG Research reaffirmed a “neutral” rating on shares of Booking in a research report on Friday, April 30th. Credit Suisse Group upped their price target on shares of Booking from $2,640.00 to $2,675.00 and gave the company an “outperform” rating in a research note on Wednesday, May 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Booking from $2,600.00 to $2,665.00 and gave the company a “buy” rating in a research note on Thursday, May 6th. Wolfe Research initiated coverage on shares of Booking in a research note on Wednesday, March 31st. They issued an “outperform” rating and a $2,630.00 price target on the stock. Finally, Barclays upped their price target on shares of Booking from $2,710.00 to $2,740.00 and gave the company an “overweight” rating in a research note on Thursday, May 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $2,453.04.

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.

Read More: Why do companies pay special dividends?

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:BKNG).

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.