Booking Holdings Inc. (BKNG) Position Lowered by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 10.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 436,756 shares of the business services provider’s stock after selling 49,655 shares during the quarter. Booking comprises 0.5% of Janus Henderson Group PLC’s holdings, making the stock its 27th largest holding. Janus Henderson Group PLC owned about 0.91% of Booking worth $885,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. C WorldWide Group Holding A S bought a new stake in Booking in the first quarter worth approximately $104,000. Paradigm Asset Management Co. LLC bought a new stake in Booking in the first quarter worth approximately $104,000. Fortis Advisors LLC bought a new stake in Booking in the first quarter worth approximately $104,000. Whittier Trust Co. bought a new stake in Booking in the first quarter worth approximately $108,000. Finally, MUFG Securities EMEA plc bought a new stake in Booking in the second quarter worth approximately $109,000. 93.24% of the stock is currently owned by institutional investors.

In related news, CEO Gillian Tans sold 295 shares of the company’s stock in a transaction on Monday, July 16th. The stock was sold at an average price of $2,030.98, for a total transaction of $599,139.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.24% of the company’s stock.

A number of equities research analysts have weighed in on BKNG shares. SunTrust Banks reiterated a “buy” rating and issued a $2,300.00 target price on shares of Booking in a report on Tuesday, July 10th. Zacks Investment Research upgraded Booking from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. UBS Group upgraded Booking from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $2,060.00 to $2,320.00 in a report on Friday, August 10th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $2,100.00 target price on shares of Booking in a report on Thursday, August 9th. Finally, Cowen set a $2,375.00 target price on Booking and gave the stock a “buy” rating in a report on Saturday, August 11th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $2,154.45.

NASDAQ BKNG opened at $1,919.77 on Monday. The company has a market cap of $90.36 billion, a PE ratio of 24.92, a PEG ratio of 1.51 and a beta of 1.21. Booking Holdings Inc. has a 52 week low of $1,630.56 and a 52 week high of $2,228.99. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.86.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, August 9th. The business services provider reported $20.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $17.34 by $3.33. The firm had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.45 billion. Booking had a return on equity of 24.74% and a net margin of 20.07%. The company’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $24.39 earnings per share. equities analysts anticipate that Booking Holdings Inc. will post 89.06 earnings per share for the current fiscal year.

Booking Company 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.

Read More: Earnings Per Share (EPS) Explained

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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