Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Morningstar Investment Services LLC

Morningstar Investment Services LLC reduced its position in Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,857 shares of the business services provider’s stock after selling 1,564 shares during the quarter. Booking comprises approximately 1.8% of Morningstar Investment Services LLC’s investment portfolio, making the stock its 13th largest position. Morningstar Investment Services LLC owned about 0.16% of Booking worth $131,482,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wade G W & Inc. raised its stake in Booking by 12.6% in the 4th quarter. Wade G W & Inc. now owns 492 shares of the business services provider’s stock valued at $992,000 after purchasing an additional 55 shares during the last quarter. Checchi Capital Advisers LLC grew its holdings in Booking by 9.0% in the 4th quarter. Checchi Capital Advisers LLC now owns 398 shares of the business services provider’s stock valued at $802,000 after buying an additional 33 shares in the last quarter. Bryn Mawr Capital Management LLC purchased a new stake in Booking in the 4th quarter valued at $3,148,000. Zions Bancorporation N.A. grew its holdings in Booking by 56.5% in the 4th quarter. Zions Bancorporation N.A. now owns 36 shares of the business services provider’s stock valued at $73,000 after buying an additional 13 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC purchased a new stake in Booking in the 4th quarter valued at $2,253,000. 89.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Booking news, CFO David I. Goulden sold 550 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $2,626.99, for a total transaction of $1,444,844.50. Following the sale, the chief financial officer now directly owns 15,054 shares in the company, valued at $39,546,707.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Radakovich Lynn Vojvodich sold 42 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $2,680.32, for a total value of $112,573.44. Following the completion of the transaction, the director now directly owns 527 shares in the company, valued at $1,412,528.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David I. Goulden sold 550 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $2,626.99, for a total value of $1,444,844.50. Following the completion of the transaction, the chief financial officer now owns 15,054 shares of the company’s stock, valued at $39,546,707.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,697 shares of company stock worth $9,543,636. 0.13% of the stock is owned by corporate insiders.

Booking Stock Performance

Shares of BKNG stock traded up $60.45 during midday trading on Friday, hitting $2,657.82. The company had a trading volume of 147,566 shares, compared to its average volume of 316,483. The company’s 50 day simple moving average is $2,624.25 and its 200 day simple moving average is $2,361.94. Booking Holdings Inc. has a 52-week low of $1,616.85 and a 52-week high of $2,786.85. The stock has a market cap of $98.15 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 1.16 and a beta of 1.33. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.59 and a quick ratio of 1.59.

Booking (NASDAQ:BKNG – Get Rating) last announced its earnings results on Thursday, May 4th. The business services provider reported $11.60 earnings per share for the quarter, beating the consensus estimate of $9.63 by $1.97. Booking had a return on equity of 148.40% and a net margin of 22.14%. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the business posted $3.90 EPS. The company’s revenue was up 40.2% on a year-over-year basis. Research analysts anticipate that Booking Holdings Inc. will post 137.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BKNG. Argus upped their target price on Booking from $2,800.00 to $3,000.00 and gave the company a “buy” rating in a report on Thursday, April 13th. Bank of America increased their price target on Booking from $2,850.00 to $2,900.00 in a report on Friday, May 5th. Evercore ISI increased their price target on Booking from $2,600.00 to $3,000.00 and gave the stock an “outperform” rating in a report on Friday, February 24th. The Goldman Sachs Group increased their price target on Booking from $2,250.00 to $2,630.00 and gave the stock a “neutral” rating in a report on Friday, February 24th. Finally, DA Davidson increased their price target on Booking from $2,600.00 to $2,700.00 in a report on Monday. Nine analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average target price of $2,753.25.

Booking Company Profile

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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.