Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by ERTS Wealth Advisors LLC

ERTS Wealth Advisors LLC reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 13.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 438 shares of the business services provider’s stock after selling 68 shares during the quarter. ERTS Wealth Advisors LLC’s holdings in Booking were worth $821,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. FTB Advisors Inc. boosted its holdings in shares of Booking by 14.3% in the second quarter. FTB Advisors Inc. now owns 48 shares of the business services provider’s stock valued at $89,000 after acquiring an additional 6 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of Booking by 1.9% in the second quarter. Savant Capital LLC now owns 324 shares of the business services provider’s stock valued at $607,000 after acquiring an additional 6 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Booking by 0.9% in the second quarter. Acadian Asset Management LLC now owns 663 shares of the business services provider’s stock valued at $1,243,000 after acquiring an additional 6 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of Booking by 16.3% in the second quarter. Whittier Trust Co. now owns 50 shares of the business services provider’s stock valued at $94,000 after acquiring an additional 7 shares in the last quarter. Finally, Good Life Advisors LLC boosted its holdings in shares of Booking by 6.2% in the first quarter. Good Life Advisors LLC now owns 138 shares of the business services provider’s stock valued at $239,000 after acquiring an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 93.02% of the company’s stock.

BKNG traded up $20.80 during midday trading on Friday, reaching $2,062.21. 54,218 shares of the company’s stock were exchanged, compared to its average volume of 291,455. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $85.82 billion, a PE ratio of 22.27, a P/E/G ratio of 1.48 and a beta of 1.14. The business’s 50-day moving average price is $1,925.93 and its 200 day moving average price is $1,833.81. Booking Holdings Inc. has a 1-year low of $1,606.27 and a 1-year high of $2,067.07.

Booking (NASDAQ:BKNG) last announced its earnings results on Wednesday, August 7th. The business services provider reported $23.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $22.80 by $0.79. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Booking had a net margin of 28.19% and a return on equity of 56.70%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $20.13 earnings per share. As a group, analysts expect that Booking Holdings Inc. will post 102.15 EPS for the current fiscal year.

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Booking from $1,930.00 to $2,125.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $2,100.00 price objective (down previously from $2,150.00) on shares of Booking in a research note on Thursday, August 8th. Mizuho reiterated a “buy” rating and issued a $2,150.00 price objective (up previously from $2,050.00) on shares of Booking in a research note on Thursday, August 8th. Morgan Stanley raised their price objective on shares of Booking from $2,050.00 to $2,100.00 and gave the company an “equal weight” rating in a research note on Thursday, August 8th. Finally, Citigroup upgraded shares of Booking from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $1,800.00 to $1,745.02 in a research note on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $2,073.17.

In other news, CEO Gillian Tans sold 606 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $1,791.14, for a total value of $1,085,430.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.24% of the company’s stock.

Booking 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.

Featured Story: Stock Portfolio Tracker

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.