Huntington National Bank trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 16.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,577 shares of the business services provider’s stock after selling 522 shares during the quarter. Huntington National Bank’s holdings in Booking were worth $4,830,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Landsberg Bennett & Dubbaneh LLC purchased a new stake in Booking during the 2nd quarter valued at $249,000. CHICAGO TRUST Co NA raised its holdings in Booking by 33.0% during the 2nd quarter. CHICAGO TRUST Co NA now owns 839 shares of the business services provider’s stock valued at $1,572,000 after buying an additional 208 shares during the period. Global Thematic Partners LLC purchased a new stake in Booking during the 2nd quarter valued at $29,168,000. Whittier Trust Co. raised its holdings in 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 buying an additional 7 shares during the period. Finally, Birch Hill Investment Advisors LLC raised its holdings in Booking by 1.7% during the 2nd quarter. Birch Hill Investment Advisors LLC now owns 16,376 shares of the business services provider’s stock valued at $30,700,000 after buying an additional 271 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

In other news, Director Jeffrey E. Epstein sold 250 shares of the 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gillian Tans sold 606 shares of the 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. Insiders have sold a total of 1,462 shares of company stock worth $2,602,200 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Shares of BKNG traded up $40.72 during midday trading on Friday, reaching $1,966.85. 381,742 shares of the stock were exchanged, compared to its average volume of 270,923. Booking Holdings Inc. has a 52 week low of $1,606.27 and a 52 week high of $2,131.90. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a 50 day moving average price of $1,862.88. The company has a market capitalization of $85.15 billion, a P/E ratio of 21.24, a P/E/G ratio of 1.61 and a beta of 1.13.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, May 9th. The business services provider reported $11.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.26 by ($0.09). Booking had a return on equity of 48.32% and a net margin of 28.79%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the company posted $12.34 EPS. Booking’s quarterly revenue was down 3.1% compared to the same quarter last year. Analysts forecast that Booking Holdings Inc. will post 100.86 earnings per share for the current fiscal year.

Several research firms recently weighed in on BKNG. Stifel Nicolaus restated a “hold” rating on shares of NEXT in a report on Monday, April 29th. Mizuho set a $88.00 price target on Gilead Sciences and gave the company a “buy” rating in a report on Friday, May 10th. UBS Group set a $133.00 target price on LHC Group and gave the stock a “buy” rating in a research note on Friday, May 10th. SunTrust Banks reiterated a “buy” rating and issued a $2,150.00 target price on shares of Booking in a research note on Thursday, July 18th. Finally, Morgan Stanley set a $70.00 target price on Edison International and gave the stock a “hold” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have assigned a buy rating to the company. Booking presently has a consensus rating of “Hold” and an average price target of $2,063.61.

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.

Further Reading: Cost of Goods Sold (COGS)

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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