Traders Sell Shares of Booking (BKNG) on Strength (BKNG)
Traders sold shares of Booking Holdings Inc. (NASDAQ:BKNG) on strength during trading on Monday. $235.77 million flowed into the stock on the tick-up and $300.10 million flowed out of the stock on the tick-down, for a money net flow of $64.33 million out of the stock. Of all stocks tracked, Booking had the 12th highest net out-flow for the day. Booking traded up $30.80 for the day and closed at $1,752.39
A number of equities analysts recently issued reports on the company. Cowen increased their price objective on Booking from $2,200.00 to $2,300.00 and gave the stock a “positive” rating in a report on Thursday, February 21st. Stifel Nicolaus decreased their price target on Booking from $2,150.00 to $1,995.00 and set a “hold” rating for the company in a research note on Thursday, February 28th. SunTrust Banks reaffirmed a “buy” rating and set a $2,150.00 price target on shares of Booking in a research note on Thursday, February 28th. Piper Jaffray Companies lowered Booking from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $2,100.00 to $1,800.00 in a research note on Thursday, February 28th. Finally, Atlantic Securities lowered Booking from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 28th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $2,121.68.
The company has a market capitalization of $77.69 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.36 and a quick ratio of 2.36.
In other news, Director Jeffrey E. Epstein sold 250 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $1,715.00, for a total transaction of $428,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gillian Tans sold 321 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $1,751.79, for a total value of $562,324.59. The disclosure for this sale can be found here. Over the last three months, insiders have sold 865 shares of company stock valued at $1,489,405. Corporate insiders own 0.24% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BKNG. Moody National Bank Trust Division purchased a new stake in shares of Booking in the fourth quarter valued at $53,000. Next Capital Management LLC purchased a new stake in shares of Booking in the fourth quarter valued at $64,000. Lake Point Wealth Management purchased a new stake in shares of Booking in the fourth quarter valued at $64,000. Financial Gravity Companies Inc. purchased a new stake in shares of Booking in the fourth quarter valued at $72,000. Finally, Athena Capital Advisors LLC purchased a new stake in shares of Booking in the fourth quarter valued at $74,000. 92.18% of the stock is owned by institutional investors and hedge funds.
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Booking Company Profile (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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