Scharf Investments LLC Sells 4,581 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Scharf Investments LLC lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,758 shares of the business services provider’s stock after selling 4,581 shares during the period. Booking comprises 5.0% of Scharf Investments LLC’s investment portfolio, making the stock its 6th largest holding. Scharf Investments LLC’s holdings in Booking were worth $127,027,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ETRADE Capital Management LLC increased its holdings in shares of Booking by 86.7% in the 2nd quarter. ETRADE Capital Management LLC now owns 239 shares of the business services provider’s stock valued at $447,000 after purchasing an additional 111 shares during the period. Sontag Advisory LLC acquired a new position in shares of Booking in the 2nd quarter valued at about $364,000. HighTower Advisors LLC increased its holdings in shares of Booking by 4.6% in the 2nd quarter. HighTower Advisors LLC now owns 7,169 shares of the business services provider’s stock valued at $13,518,000 after purchasing an additional 314 shares during the period. Independent Franchise Partners LLP increased its holdings in shares of Booking by 51.0% in the 2nd quarter. Independent Franchise Partners LLP now owns 357,865 shares of the business services provider’s stock valued at $670,893,000 after purchasing an additional 120,885 shares during the period. Finally, AXA increased its holdings in shares of Booking by 11.9% in the 2nd quarter. AXA now owns 45,690 shares of the business services provider’s stock valued at $85,655,000 after purchasing an additional 4,851 shares during the period. Hedge funds and other institutional investors own 93.02% of the company’s stock.

A number of equities analysts have recently weighed in on BKNG shares. Piper Jaffray Companies reiterated a “neutral” rating and issued a $1,900.00 target price (up previously from $1,800.00) on shares of Booking in a report on Thursday, August 8th. Citigroup upgraded Booking from a “neutral” rating to a “buy” rating and dropped their target price for the company from $1,800.00 to $1,745.02 in a report on Thursday, May 23rd. SunTrust Banks reiterated a “buy” rating and issued a $2,150.00 target price on shares of Booking in a report on Thursday, July 18th. Mizuho reiterated a “buy” rating and issued a $2,150.00 target price (up previously from $2,050.00) on shares of Booking in a report on Thursday, August 8th. Finally, Deutsche Bank upped their target price on Booking from $2,175.00 to $2,275.00 and gave the company a “buy” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. Booking has an average rating of “Hold” and an average target price of $2,073.17.

Shares of NASDAQ BKNG traded up $24.44 during trading hours on Friday, hitting $2,065.85. The stock had a trading volume of 23,709 shares, compared to its average volume of 291,455. The company has a market capitalization of $85.82 billion, a P/E ratio of 22.33, a P/E/G ratio of 1.48 and a beta of 1.14. The firm’s 50-day moving average price is $1,925.93 and its two-hundred day moving average price is $1,833.81. Booking Holdings Inc. has a 52 week low of $1,606.27 and a 52 week high of $2,067.07. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.58 and a current ratio of 1.58.

Booking (NASDAQ:BKNG) last announced its earnings results on Wednesday, August 7th. The business services provider reported $23.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $22.80 by $0.79. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Booking had a return on equity of 56.70% and a net margin of 28.19%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $20.13 earnings per share. As a group, analysts expect that Booking Holdings Inc. will post 102.15 EPS for the current fiscal year.

In other Booking news, CEO Gillian Tans sold 606 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $1,791.14, for a total transaction of $1,085,430.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.24% of the stock is owned by corporate insiders.

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: How to Track your Portfolio in Google Finance

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG).

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.