OppenheimerFunds Inc. decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 9.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,061 shares of the business services provider’s stock after selling 4,845 shares during the quarter. OppenheimerFunds Inc. owned 0.09% of Booking worth $89,316,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN acquired a new position in shares of Booking in the 1st quarter valued at $426,165,000. Alps Advisors Inc. acquired a new position in shares of Booking in the 1st quarter valued at $381,000. Commerce Bank acquired a new position in shares of Booking in the 1st quarter valued at $10,209,000. American Century Companies Inc. acquired a new position in shares of Booking in the 1st quarter valued at $41,208,000. Finally, Mandatum Life Insurance Co Ltd acquired a new position in shares of Booking in the 1st quarter valued at $4,207,000. 93.04% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on BKNG. Benchmark downgraded shares of Booking from a “buy” rating to a “hold” rating in a research note on Friday, June 22nd. Zacks Investment Research raised shares of Booking from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Morgan Stanley reissued an “overweight” rating and issued a $2,200.00 target price (up previously from $2,100.00) on shares of Booking in a research note on Wednesday, July 11th. SunTrust Banks reaffirmed a “buy” rating and set a $2,300.00 price target on shares of Booking in a research note on Tuesday, July 10th. Finally, Mizuho dropped their price target on shares of Booking to $2,400.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. Thirteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Booking presently has an average rating of “Buy” and an average price target of $2,154.45.

In other Booking news, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $2,030.98, for a total value of $599,139.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.24% of the company’s stock.

Shares of BKNG stock traded up $33.66 during trading hours on Friday, reaching $1,916.27. 389,980 shares of the stock traded hands, compared to its average volume of 415,349. Booking Holdings Inc. has a 1-year low of $1,630.56 and a 1-year high of $2,228.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market capitalization of $89.06 billion, a P/E ratio of 22.14, a P/E/G ratio of 1.49 and a beta of 1.27.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, August 9th. The business services provider reported $20.67 EPS for the quarter, beating the Zacks’ consensus estimate of $17.34 by $3.33. Booking had a net margin of 20.07% and a return on equity of 24.74%. The firm had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the previous year, the firm posted $24.39 earnings per share. The firm’s revenue was up 16.9% on a year-over-year basis. sell-side analysts predict that Booking Holdings Inc. will post 89.26 EPS for the current fiscal year.

Booking 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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