Traders Sell Shares of Booking (BKNG) on Strength (BKNG)
Investors sold shares of Booking Holdings Inc. (NASDAQ:BKNG) on strength during trading hours on Monday. $190.40 million flowed into the stock on the tick-up and $255.47 million flowed out of the stock on the tick-down, for a money net flow of $65.07 million out of the stock. Of all companies tracked, Booking had the 0th highest net out-flow for the day. Booking traded up $2.02 for the day and closed at $1,958.76
A number of analysts recently issued reports on the stock. Benchmark downgraded shares of Booking from a “buy” rating to a “hold” rating in a report on Friday, June 22nd. Zacks Investment Research upgraded shares of Booking from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Morgan Stanley reiterated an “overweight” rating and set a $2,200.00 target price (up previously from $2,100.00) on shares of Booking in a research report on Wednesday, July 11th. SunTrust Banks reiterated a “buy” rating and set a $2,300.00 target price on shares of Booking in a research report on Tuesday, July 10th. Finally, Mizuho cut their target price on shares of Booking to $2,400.00 and set a “buy” rating for the company in a research report on Friday, August 10th. Thirteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $2,154.45.
The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market cap of $92.99 billion, a P/E ratio of 23.11, a P/E/G ratio of 1.55 and a beta of 1.27.
In other news, CEO Gillian Tans sold 295 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $1,917.94, for a total value of $565,792.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Highland Capital Management LP bought a new position in shares of Booking in the first quarter valued at approximately $2,080,000. Baltimore Washington Financial Advisors Inc. raised its stake in Booking by 0.9% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 4,364 shares of the business services provider’s stock valued at $8,846,000 after purchasing an additional 37 shares in the last quarter. Sentry Investment Management LLC raised its stake in Booking by 28.5% in the second quarter. Sentry Investment Management LLC now owns 4,641 shares of the business services provider’s stock valued at $9,408,000 after purchasing an additional 1,030 shares in the last quarter. Professional Planning purchased a new stake in Booking in the first quarter valued at approximately $214,000. Finally, Douglass Winthrop Advisors LLC raised its stake in Booking by 2.5% in the second quarter. Douglass Winthrop Advisors LLC now owns 16,162 shares of the business services provider’s stock valued at $32,762,000 after purchasing an additional 401 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.
About Booking (NASDAQ:BKNG)
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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