Traders Sell Booking (BKNG) on Strength (BKNG)
Investors sold shares of Booking Holdings Inc. (NASDAQ:BKNG) on strength during trading hours on Thursday. $114.47 million flowed into the stock on the tick-up and $203.51 million flowed out of the stock on the tick-down, for a money net flow of $89.04 million out of the stock. Of all stocks tracked, Booking had the 0th highest net out-flow for the day. Booking traded up $19.10 for the day and closed at $1,882.24
Several equities analysts recently issued reports on BKNG shares. Barclays upped their price objective on shares of Booking to $2,270.00 in a research note on Thursday, September 27th. They noted that the move was a valuation call. SunTrust Banks reissued a “buy” rating and set a $2,300.00 price objective on shares of Booking in a research note on Thursday, August 9th. Cowen set a $2,375.00 price objective on shares of Booking and gave the company a “buy” rating in a research note on Saturday, August 11th. Credit Suisse Group reissued a “buy” rating and set a $2,100.00 price objective (down previously from $2,250.00) on shares of Booking in a research note on Friday, August 10th. Finally, Mizuho reduced their price objective on shares of Booking to $2,400.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. Eleven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Booking currently has a consensus rating of “Buy” and an average price target of $2,157.57.
The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $86.32 billion, a P/E ratio of 24.44, a P/E/G ratio of 1.47 and a beta of 1.17.
In related news, CEO Gillian Tans sold 295 shares of the company’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 transaction of $565,792.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 883 shares of company stock valued at $1,646,347 in the last ninety days. 0.24% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the stock. LFA Lugano Financial Advisors SA acquired a new stake in shares of Booking in the third quarter worth $109,000. First Manhattan Co. increased its position in shares of Booking by 90.0% in the second quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock worth $115,000 after acquiring an additional 27 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Booking in the second quarter worth $134,000. Vectors Research Management LLC acquired a new stake in shares of Booking in the third quarter worth $154,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Booking in the third quarter worth $153,000. 92.54% of the stock is owned by hedge funds and other institutional investors.
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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