MainStreet Investment Advisors LLC Sells 2,841 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

MainStreet Investment Advisors LLC lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 85.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 499 shares of the business services provider’s stock after selling 2,841 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Booking were worth $671,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. increased its stake in Booking by 6.8% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 94 shares of the business services provider’s stock valued at $193,000 after purchasing an additional 6 shares in the last quarter. BerganKDV Wealth Management LLC increased its stake in Booking by 2.6% during the 4th quarter. BerganKDV Wealth Management LLC now owns 238 shares of the business services provider’s stock valued at $489,000 after purchasing an additional 6 shares in the last quarter. Capital Wealth Planning LLC increased its stake in Booking by 5.6% during the 4th quarter. Capital Wealth Planning LLC now owns 114 shares of the business services provider’s stock valued at $234,000 after purchasing an additional 6 shares in the last quarter. Watch Point Trust Co increased its stake in Booking by 0.3% during the 4th quarter. Watch Point Trust Co now owns 2,266 shares of the business services provider’s stock valued at $4,653,000 after purchasing an additional 7 shares in the last quarter. Finally, Independence Advisors LLC increased its stake in Booking by 4.9% during the 4th quarter. Independence Advisors LLC now owns 151 shares of the business services provider’s stock valued at $310,000 after purchasing an additional 7 shares in the last quarter. Institutional investors own 91.89% of the company’s stock.

A number of analysts have commented on BKNG shares. DA Davidson restated a “neutral” rating and set a $1,775.00 price target on shares of Booking in a research note on Wednesday, February 26th. Deutsche Bank boosted their price target on shares of Booking from $1,600.00 to $1,625.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Cowen decreased their price target on shares of Booking from $2,000.00 to $1,650.00 and set an “outperform” rating for the company in a research note on Monday, March 9th. They noted that the move was a valuation call. JMP Securities cut their price objective on shares of Booking from $1,650.00 to $1,600.00 and set a “market outperform” rating on the stock in a report on Thursday, April 9th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Booking in a report on Friday, January 31st. Eighteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $1,730.96.

Shares of NASDAQ:BKNG traded up $35.62 during midday trading on Friday, reaching $1,631.30. The company had a trading volume of 560,967 shares, compared to its average volume of 632,610. The company’s 50 day moving average price is $1,408.00 and its 200 day moving average price is $1,733.66. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 2.35. The stock has a market cap of $65.31 billion, a P/E ratio of 20.72, a P/E/G ratio of 6.40 and a beta of 1.03. Booking Holdings Inc. has a 52-week low of $1,107.29 and a 52-week high of $2,094.00.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, May 7th. The business services provider reported $3.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $6.12 by ($2.35). The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Booking had a net margin of 23.43% and a return on equity of 78.22%. Booking’s revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period last year, the company earned $11.17 earnings per share. Research analysts forecast that Booking Holdings Inc. will post 22.02 EPS for the current fiscal year.

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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