Tiedemann Advisors LLC decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 41.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115 shares of the business services provider’s stock after selling 80 shares during the period. Tiedemann Advisors LLC’s holdings in Booking were worth $233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BKNG. BlackRock Inc. acquired a new stake in shares of Booking in the 1st quarter worth approximately $6,448,282,000. Edgewood Management LLC acquired a new stake in Booking during the 1st quarter valued at $1,378,227,000. Northern Trust Corp acquired a new stake in Booking during the 1st quarter valued at $1,158,506,000. Summit Trail Advisors LLC acquired a new stake in Booking during the 1st quarter valued at $458,000. Finally, Brown Advisory Inc. acquired a new stake in Booking during the 1st quarter valued at $616,639,000. Institutional investors own 92.82% of the company’s stock.

Shares of Booking stock traded up $25.46 during trading hours on Friday, hitting $1,807.17. 682,050 shares of the company’s stock traded hands, compared to its average volume of 430,490. The company has a market capitalization of $94.18 billion, a PE ratio of 23.46, a P/E/G ratio of 1.57 and a beta of 1.25. Booking Holdings Inc. has a twelve month low of $1,630.56 and a twelve month 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.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, August 9th. The business services provider reported $20.67 EPS for the quarter, topping the Zacks’ consensus estimate of $17.34 by $3.33. The business had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.45 billion. Booking had a return on equity of 24.74% and a net margin of 20.07%. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period last year, the firm earned $24.39 earnings per share. On average, equities analysts expect that Booking Holdings Inc. will post 89.26 earnings per share for the current fiscal year.

In related news, CEO Gillian Tans sold 295 shares of Booking stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $1,917.94, for a total value of $565,792.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is currently owned by company insiders.

BKNG has been the topic of a number of recent analyst reports. Zacks Investment Research raised Booking from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Cowen set a $2,375.00 price target on Booking and gave the stock a “buy” rating in a research note on Saturday, August 11th. UBS Group raised Booking from a “neutral” rating to a “buy” rating and increased their price target for the stock from $2,060.00 to $2,320.00 in a research note on Friday, August 10th. SunTrust Banks reissued a “buy” rating and set a $2,300.00 price target on shares of Booking in a research note on Tuesday, July 10th. Finally, Jefferies Financial Group lowered Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 target price on the stock. in a research report on Friday, August 10th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $2,155.08.

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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