Price Wealth Management Inc. bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 476 shares of the business services provider’s stock, valued at approximately $965,000. Booking comprises about 0.4% of Price Wealth Management Inc.’s holdings, making the stock its 29th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hollencrest Capital Management grew its position in shares of Booking by 12.6% in the 2nd quarter. Hollencrest Capital Management now owns 223 shares of the business services provider’s stock valued at $452,000 after buying an additional 25 shares during the last quarter. Dowling & Yahnke LLC grew its position in Booking by 1.9% during the 2nd quarter. Dowling & Yahnke LLC now owns 1,325 shares of the business services provider’s stock worth $2,686,000 after purchasing an additional 25 shares during the last quarter. Wrapmanager Inc. grew its position in Booking by 14.7% during the 2nd quarter. Wrapmanager Inc. now owns 195 shares of the business services provider’s stock worth $395,000 after purchasing an additional 25 shares during the last quarter. Harvest Fund Management Co. Ltd grew its position in Booking by 86.7% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock worth $114,000 after purchasing an additional 26 shares during the last quarter. Finally, First Manhattan Co. grew its position in Booking by 90.0% during the 2nd quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock worth $115,000 after purchasing an additional 27 shares during the last quarter. 91.67% of the stock is currently owned by hedge funds and other institutional investors.

BKNG has been the topic of several research reports. Stifel Nicolaus raised their price objective on shares of Booking from $2,222.00 to $2,332.00 and gave the stock a “buy” rating in a research report on Thursday, May 10th. SunTrust Banks reissued a “buy” rating and set a $2,300.00 price objective on shares of Booking in a research report on Tuesday, July 10th. UBS Group raised shares of Booking from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $2,060.00 to $2,320.00 in a research report on Friday, August 10th. Mizuho lowered their price objective on shares of Booking to $2,400.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $2,100.00 target price (down previously from $2,250.00) on shares of Booking in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $2,154.45.

In other news, CEO Gillian Tans sold 295 shares of Booking stock in a transaction dated Monday, July 16th. The shares were 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 can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

Shares of NASDAQ BKNG opened at $1,840.68 on Monday. 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 Holdings Inc. has a 52 week low of $1,630.56 and a 52 week high of $2,228.99. The stock has a market capitalization of $90.09 billion, a P/E ratio of 23.90, a P/E/G ratio of 1.47 and a beta of 1.21.

Booking (NASDAQ:BKNG) last announced 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 analysts’ expectations of $3.45 billion. Booking had a net margin of 20.07% and a return on equity of 24.74%. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter last year, the business earned $24.39 earnings per share. research analysts anticipate that Booking Holdings Inc. will post 88.65 EPS 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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