New Mexico Educational Retirement Board decreased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,648 shares of the business services provider’s stock after selling 200 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Booking were worth $6,839,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in BKNG. Weaver Consulting Group purchased a new position in Booking during the 1st quarter valued at $25,000. Horan Capital Advisors LLC. purchased a new position in Booking during the 1st quarter valued at $49,000. TRUE Private Wealth Advisors purchased a new position in Booking during the 2nd quarter valued at $50,000. Legacy Advisors LLC boosted its holdings in Booking by 172.7% during the 2nd quarter. Legacy Advisors LLC now owns 30 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 19 shares during the period. Finally, Hanson McClain Inc. boosted its holdings in Booking by 1,650.0% during the 1st quarter. Hanson McClain Inc. now owns 35 shares of the business services provider’s stock valued at $61,000 after acquiring an additional 33 shares during the period. Hedge funds and other institutional investors own 89.66% of the company’s stock.

In related news, Director Jeffrey E. Epstein sold 250 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $1,755.75, for a total transaction of $438,937.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gillian Tans sold 606 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $1,791.14, for a total value of $1,085,430.84. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Shares of BKNG traded up $5.77 during trading hours on Wednesday, hitting $1,940.17. The company had a trading volume of 10,785 shares, compared to its average volume of 344,878. The company has a market capitalization of $82.49 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 1.41 and a beta of 1.14. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.74. Booking Holdings Inc. has a one year low of $1,606.27 and a one year high of $2,019.48. The company’s fifty day moving average price is $1,897.53 and its two-hundred day moving average price is $1,826.93.

Booking (NASDAQ:BKNG) last announced its earnings results on Wednesday, August 7th. The business services provider reported $23.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $22.80 by $0.79. Booking had a return on equity of 56.70% and a net margin of 28.19%. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the business earned $20.13 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts forecast that Booking Holdings Inc. will post 101.69 earnings per share for the current year.

A number of equities analysts recently issued reports on BKNG shares. Evercore ISI restated a “neutral” rating on shares of Booking in a report on Sunday, August 11th. Cleveland Research initiated coverage on Booking in a research report on Wednesday, June 19th. They set a “neutral” rating for the company. Cowen reaffirmed an “outperform” rating and set a $2,300.00 target price (up from $2,160.00) on shares of Booking in a research report on Thursday, August 8th. Morgan Stanley lifted their target price on Booking from $2,050.00 to $2,100.00 and gave the company an “equal weight” rating in a research report on Thursday, August 8th. Finally, Needham & Company LLC initiated coverage on Booking in a research report on Monday, May 20th. They set a “buy” rating and a $2,200.00 target price for the company. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $2,075.70.

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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