Amalgamated Bank decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,202 shares of the business services provider’s stock after selling 313 shares during the quarter. Amalgamated Bank’s holdings in Booking were worth $14,289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fifth Third Bancorp boosted its holdings in Booking by 10.6% in the third quarter. Fifth Third Bancorp now owns 3,456 shares of the business services provider’s stock valued at $6,857,000 after acquiring an additional 332 shares during the last quarter. Park Presidio Capital LLC bought a new stake in Booking in the third quarter valued at approximately $59,520,000. Port Capital LLC bought a new stake in Booking in the third quarter valued at approximately $9,436,000. Magellan Asset Management Ltd boosted its holdings in Booking by 464.3% in the third quarter. Magellan Asset Management Ltd now owns 158 shares of the business services provider’s stock valued at $313,000 after acquiring an additional 130 shares during the last quarter. Finally, Ally Financial Inc. boosted its holdings in Booking by 230.0% in the third quarter. Ally Financial Inc. now owns 1,650 shares of the business services provider’s stock valued at $3,274,000 after acquiring an additional 1,150 shares during the last quarter. 92.54% of the stock is owned by hedge funds and other institutional investors.

Booking stock opened at $1,882.24 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.99. Booking Holdings Inc. has a 52-week low of $1,690.34 and a 52-week high of $2,228.99. The company has a market cap of $86.32 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17.

Booking (NASDAQ:BKNG) last issued its earnings results on Monday, November 5th. The business services provider reported $37.78 earnings per share for the quarter, missing analysts’ consensus estimates of $38.37 by ($0.59). Booking had a return on equity of 26.87% and a net margin of 19.81%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same period in the previous year, the company earned $34.43 earnings per share. Booking’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 89.57 EPS for the current year.

In other news, CEO Gillian Tans sold 295 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $1,803.58, for a total transaction of $532,056.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 883 shares of company stock worth $1,646,347 over the last ninety days. 0.24% of the stock is owned by insiders.

Several analysts recently commented on BKNG shares. Barclays upped their target price on Booking to $2,270.00 in a report on Thursday, September 27th. They noted that the move was a valuation call. SunTrust Banks reiterated a “buy” rating and issued a $2,300.00 target price on shares of Booking in a report on Thursday, August 9th. Cowen set a $2,375.00 target price on Booking and gave the company a “buy” rating in a report on Saturday, August 11th. Credit Suisse Group restated a “buy” rating and set a $2,100.00 price target (down from $2,250.00) on shares of Booking in a report on Friday, August 10th. Finally, Mizuho cut their price target on Booking to $2,400.00 and set a “buy” rating on the stock in a report on Friday, August 10th. Eleven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $2,157.57.

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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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