Logan Capital Management Inc. Sells 194 Shares of Booking Holdings Inc. $BKNG

Logan Capital Management Inc. trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG) by 9.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,932 shares of the business services provider’s stock after selling 194 shares during the quarter. Logan Capital Management Inc.’s holdings in Booking were worth $11,185,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC grew its position in shares of Booking by 1.2% during the 1st quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider’s stock worth $809,000 after buying an additional 2 shares during the period. WNY Asset Management LLC boosted its stake in Booking by 3.7% in the first quarter. WNY Asset Management LLC now owns 56 shares of the business services provider’s stock valued at $258,000 after acquiring an additional 2 shares during the last quarter. Gries Financial LLC boosted its stake in Booking by 1.6% in the first quarter. Gries Financial LLC now owns 125 shares of the business services provider’s stock valued at $576,000 after acquiring an additional 2 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in Booking by 0.5% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock worth $1,854,000 after acquiring an additional 2 shares during the period. Finally, Nicolet Advisory Services LLC raised its position in shares of Booking by 0.8% during the 1st quarter. Nicolet Advisory Services LLC now owns 238 shares of the business services provider’s stock valued at $1,070,000 after acquiring an additional 2 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

NASDAQ BKNG opened at $5,254.40 on Tuesday. The stock has a market cap of $170.30 billion, a price-to-earnings ratio of 36.54, a PEG ratio of 1.59 and a beta of 1.35. The business has a 50 day simple moving average of $5,427.23 and a 200 day simple moving average of $5,378.47. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating the consensus estimate of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The company had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.54 billion. During the same quarter in the prior year, the company earned $41.90 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BKNG. Wedbush reaffirmed a “neutral” rating and set a $5,900.00 price objective on shares of Booking in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their target price on Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. UBS Group increased their price target on shares of Booking from $6,363.00 to $6,743.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley set a $5,650.00 price objective on shares of Booking and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company upped their target price on shares of Booking from $5,418.00 to $5,443.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6,014.85.

Insider Buying and Selling at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the transaction, the director owned 131 shares of the company’s stock, valued at $722,045.80. This represents a 32.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Glenn D. Fogel sold 625 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $5,141.53, for a total transaction of $3,213,456.25. Following the completion of the sale, the chief executive officer directly owned 22,982 shares in the company, valued at approximately $118,162,642.46. This represents a 2.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,197 shares of company stock worth $17,260,963. Corporate insiders own 0.16% of the company’s stock.

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.