Financial Advocates Investment Management Reduces Position in Booking Holdings Inc. (BKNG)

Financial Advocates Investment Management cut its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 156 shares of the business services provider’s stock after selling 10 shares during the quarter. Financial Advocates Investment Management’s holdings in Booking were worth $65,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dodge & Cox boosted its holdings in Booking by 61.4% in the third quarter. Dodge & Cox now owns 1,111,386 shares of the business services provider’s stock worth $2,204,990,000 after acquiring an additional 423,004 shares in the last quarter. Capital International Investors boosted its holdings in Booking by 108.7% in the third quarter. Capital International Investors now owns 466,995 shares of the business services provider’s stock worth $926,518,000 after acquiring an additional 243,261 shares in the last quarter. Standard Life Aberdeen plc boosted its holdings in Booking by 357.8% in the third quarter. Standard Life Aberdeen plc now owns 183,376 shares of the business services provider’s stock worth $364,230,000 after acquiring an additional 143,321 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Booking by 120.4% in the fourth quarter. Prudential Financial Inc. now owns 142,393 shares of the business services provider’s stock worth $245,260,000 after acquiring an additional 77,798 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in Booking by 6.4% in the third quarter. Capital Research Global Investors now owns 1,153,799 shares of the business services provider’s stock worth $2,289,137,000 after acquiring an additional 69,748 shares in the last quarter. Institutional investors own 92.18% of the company’s stock.

Booking stock opened at $1,752.39 on Tuesday. The firm has a market cap of $77.49 billion, a P/E ratio of 18.93, a PEG ratio of 1.32 and a beta of 1.03. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.36 and a quick ratio of 2.36. Booking Holdings Inc. has a one year low of $1,606.27 and a one year high of $2,201.84.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Wednesday, February 27th. The business services provider reported $22.49 EPS for the quarter, beating analysts’ consensus estimates of $19.39 by $3.10. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Booking had a return on equity of 44.63% and a net margin of 27.52%. Booking’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $16.86 earnings per share. As a group, research analysts anticipate that Booking Holdings Inc. will post 101.53 earnings per share for the current year.

Several equities research analysts have commented on the company. Wedbush downgraded Booking from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $2,000.00 to $1,850.00 in a report on Friday. Cowen upped their price target on Booking from $2,200.00 to $2,300.00 and gave the company a “positive” rating in a report on Thursday, February 21st. Jefferies Financial Group downgraded Booking from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Mizuho reaffirmed a “buy” rating on shares of Booking in a report on Thursday, February 28th. Finally, Wells Fargo & Co lowered their price target on Booking from $2,150.00 to $2,000.00 and set an “outperform” rating on the stock in a report on Thursday, February 28th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $2,121.68.

In related news, Director Jeffrey E. Epstein sold 250 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $1,715.00, for a total transaction of $428,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gillian Tans sold 321 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $1,751.79, for a total value of $562,324.59. The disclosure for this sale can be found here. In the last quarter, insiders have sold 865 shares of company stock valued at $1,489,405. 0.24% of the stock is owned by company insiders.

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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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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