Envestnet Asset Management Inc. raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 7.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 32,380 shares of the business services provider’s stock after purchasing an additional 2,342 shares during the period. Envestnet Asset Management Inc. owned 0.07% of Booking worth $60,703,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Weaver Consulting Group bought a new stake in shares of Booking during the 1st quarter valued at about $25,000. Guidant Wealth Advisors bought a new stake in shares of Booking during the 1st quarter valued at about $26,000. TRUE Private Wealth Advisors bought a new stake in shares of Booking during the 2nd quarter valued at about $50,000. Horan Capital Advisors LLC. bought a new stake in shares of Booking during the 1st quarter valued at about $49,000. Finally, Legacy Advisors LLC grew its position in shares of Booking by 172.7% during the 2nd quarter. Legacy Advisors LLC now owns 30 shares of the business services provider’s stock valued at $56,000 after buying an additional 19 shares during the last quarter. 94.69% of the stock is owned by institutional investors.

In other news, CEO Gillian Tans sold 606 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $1,791.14, for a total value of $1,085,430.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey E. Epstein sold 250 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $1,755.75, for a total transaction of $438,937.50. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

A number of research analysts have issued reports on the stock. Barclays reissued an “overweight” rating and set a $2,140.00 target price (up from $2,080.00) on shares of Booking in a research note on Thursday, August 8th. Stifel Nicolaus reissued a “hold” rating and set a $1,995.00 target price on shares of Booking in a research note on Monday, April 29th. Citigroup raised shares of Booking from a “neutral” rating to a “buy” rating and reduced their target price for the company from $1,800.00 to $1,745.02 in a research note on Thursday, May 23rd. Ascendiant Capital Markets set a $2,000.00 target price on shares of Booking and gave the company a “buy” rating in a research note on Tuesday, May 14th. Finally, UBS Group reduced their target price on shares of Booking from $2,000.00 to $1,960.00 and set a “neutral” rating for the company in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the stock. Booking currently has a consensus rating of “Hold” and a consensus target price of $2,066.00.

Shares of NASDAQ:BKNG traded up $17.52 during trading on Friday, reaching $1,922.19. The company had a trading volume of 240,800 shares, compared to its average volume of 338,554. The firm’s fifty day moving average is $1,893.44 and its 200 day moving average is $1,824.88. The firm has a market capitalization of $80.40 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. Booking Holdings Inc. has a twelve month low of $1,606.27 and a twelve month high of $2,019.48. 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 issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $23.59 earnings per share for the quarter, topping analysts’ consensus estimates of $22.80 by $0.79. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.78 billion. Booking had a net margin of 28.19% and a return on equity of 56.70%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $20.13 EPS. Equities analysts predict that Booking Holdings Inc. will post 101.69 earnings per share for the current fiscal year.

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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