Traders Buy Booking (BKNG) on Weakness

Traders purchased shares of Booking Holdings Inc. (NASDAQ:BKNG) on weakness during trading on Monday. $206.10 million flowed into the stock on the tick-up and $88.02 million flowed out of the stock on the tick-down, for a money net flow of $118.08 million into the stock. Of all stocks tracked, Booking had the 9th highest net in-flow for the day. Booking traded down ($6.09) for the day and closed at $1,865.00

A number of equities analysts have recently commented on the company. Barclays reissued an “overweight” rating and set a $2,360.00 price objective (up from $2,300.00) on shares of Booking in a research report on Tuesday, November 6th. Bank of America boosted their price objective on Booking from $2,150.00 to $2,300.00 and gave the stock a “buy” rating in a research report on Tuesday, November 6th. DA Davidson set a $2,000.00 price objective on Booking and gave the stock a “hold” rating in a research report on Tuesday, November 6th. Wedbush set a $2,500.00 price objective on Booking and gave the stock a “buy” rating in a research report on Tuesday, November 6th. Finally, Raymond James reissued an “outperform” rating and set a $2,160.00 price objective (up from $1,970.00) on shares of Booking in a research report on Tuesday, November 6th. Eleven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $2,155.39.

The company has a market capitalization of $86.69 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 1.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.41 and a quick ratio of 2.41.

In related news, CEO Gillian Tans sold 294 shares of the business’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $1,695.00, for a total transaction of $498,330.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 881 shares of company stock valued at $1,575,047. 0.24% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its stake in Booking by 14.6% in the second quarter. FMR LLC now owns 1,428,678 shares of the business services provider’s stock valued at $2,896,058,000 after buying an additional 181,931 shares during the last quarter. Capital Research Global Investors lifted its stake in Booking by 6.4% in the third quarter. Capital Research Global Investors now owns 1,153,799 shares of the business services provider’s stock valued at $2,289,137,000 after buying an additional 69,748 shares during the last quarter. Dodge & Cox lifted its stake in Booking by 61.4% in the third quarter. Dodge & Cox now owns 1,111,386 shares of the business services provider’s stock valued at $2,204,990,000 after buying an additional 423,004 shares during the last quarter. Edgewood Management LLC lifted its stake in Booking by 1.7% in the third quarter. Edgewood Management LLC now owns 690,856 shares of the business services provider’s stock valued at $1,370,658,000 after buying an additional 11,267 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Booking by 29.8% in the third quarter. Alliancebernstein L.P. now owns 641,864 shares of the business services provider’s stock valued at $1,273,458,000 after buying an additional 147,415 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

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Booking Company Profile (NASDAQ:BKNG)

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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