Redmond Asset Management LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 575 shares of the business services provider’s stock, valued at approximately $1,078,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Whittier Trust Co. grew its holdings in shares of Booking by 16.3% during the 2nd quarter. Whittier Trust Co. now owns 50 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 7 shares during the last quarter. Good Life Advisors LLC grew its holdings in shares of Booking by 6.2% during the 1st quarter. Good Life Advisors LLC now owns 138 shares of the business services provider’s stock valued at $239,000 after purchasing an additional 8 shares during the last quarter. Corient Capital Partners LLC grew its holdings in shares of Booking by 2.8% during the 1st quarter. Corient Capital Partners LLC now owns 290 shares of the business services provider’s stock valued at $506,000 after purchasing an additional 8 shares during the last quarter. Budros Ruhlin & Roe Inc. grew its holdings in shares of Booking by 7.4% during the 1st quarter. Budros Ruhlin & Roe Inc. now owns 130 shares of the business services provider’s stock valued at $227,000 after purchasing an additional 9 shares during the last quarter. Finally, Condor Capital Management grew its holdings in shares of Booking by 1.0% during the 1st quarter. Condor Capital Management now owns 931 shares of the business services provider’s stock valued at $1,625,000 after purchasing an additional 9 shares during the last quarter. 94.69% of the stock is currently owned by hedge funds and other institutional investors.

BKNG has been the topic of several research reports. Morgan Stanley lifted their price target on shares of Booking from $2,050.00 to $2,100.00 and gave the company an “equal weight” rating in a report on Thursday, August 8th. Zacks Investment Research raised shares of Booking from a “sell” rating to a “hold” rating and set a $1,988.00 price target on the stock in a report on Tuesday, July 23rd. Needham & Company LLC initiated coverage on shares of Booking in a report on Monday, May 20th. They set a “buy” rating and a $2,200.00 price target on the stock. Barclays reaffirmed an “overweight” rating and set a $2,140.00 price target (up from $2,080.00) on shares of Booking in a report on Thursday, August 8th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $2,150.00 price target on shares of Booking in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $2,066.00.

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

NASDAQ:BKNG traded down $10.39 during mid-day trading on Thursday, hitting $1,880.80. 8,367 shares of the company’s stock were exchanged, compared to its average volume of 324,407. The stock’s 50 day moving average is $1,891.21. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.58 and a quick ratio of 1.58. Booking Holdings Inc. has a fifty-two week low of $1,606.27 and a fifty-two week high of $2,019.48. The company has a market cap of $81.49 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 1.41 and a beta of 1.14.

Booking (NASDAQ:BKNG) last posted its earnings results on Wednesday, August 7th. The business services provider reported $23.59 EPS for the quarter, topping the consensus estimate of $22.80 by $0.79. Booking had a net margin of 28.19% and a return on equity of 56.70%. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the company earned $20.13 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. On average, analysts forecast that Booking Holdings Inc. will post 101.71 earnings per share for the current year.

Booking Company Profile

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.

Further Reading: Stock Symbols and CUSIP Explained

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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