Booking Holdings Inc. (NASDAQ:BKNG) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 1,106,400 shares, a drop of 6.1% from the June 15th total of 1,177,900 shares. Based on an average daily trading volume, of 388,900 shares, the short-interest ratio is currently 2.8 days. Currently, 2.4% of the shares of the company are short sold.

Shares of Booking stock traded down $3.84 during trading hours on Tuesday, hitting $1,915.71. The company’s stock had a trading volume of 6,920 shares, compared to its average volume of 259,323. The stock has a 50 day moving average price of $1,873.04. Booking has a 12-month low of $1,606.27 and a 12-month high of $2,109.00. The firm has a market cap of $83.10 billion, a P/E ratio of 20.68, a PEG ratio of 1.61 and a beta of 1.13. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.34.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, May 9th. The business services provider reported $11.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $11.26 by ($0.09). Booking had a net margin of 28.79% and a return on equity of 48.32%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the previous year, the firm earned $12.34 earnings per share. Booking’s revenue was down 3.1% on a year-over-year basis. As a group, analysts predict that Booking will post 100.86 EPS for the current year.

Several equities analysts recently weighed in on the company. UBS Group set a $133.00 target price on LHC Group and gave the company a “buy” rating in a research report on Friday, May 10th. Morgan Stanley set a $70.00 target price on Edison International and gave the company a “hold” rating in a research report on Monday, July 15th. Ascendiant Capital Markets set a $2,000.00 target price on Booking and gave the company a “buy” rating in a research report on Tuesday, May 14th. Barclays downgraded Barrick Gold from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $15.00 to $18.00 in a research report on Tuesday, July 16th. Finally, Cowen reiterated a “hold” rating and set a $102.00 target price on shares of Celgene in a research report on Tuesday. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have given a buy rating to the company. Booking currently has a consensus rating of “Hold” and an average price target of $2,057.52.

In related news, Director Jeffrey E. Epstein sold 250 shares of Booking 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 available through the SEC website. Also, CEO Gillian Tans sold 606 shares of Booking stock in a transaction on Monday, June 17th. The shares were 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. Over the last 90 days, insiders sold 1,462 shares of company stock worth $2,602,200. Company insiders own 0.27% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Whittier Trust Co. increased its holdings in shares of Booking by 16.3% in the second quarter. Whittier Trust Co. now owns 50 shares of the business services provider’s stock worth $94,000 after purchasing an additional 7 shares during the last quarter. Good Life Advisors LLC boosted its stake 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 worth $239,000 after acquiring an additional 8 shares in the last quarter. Corient Capital Partners LLC boosted its stake 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 worth $506,000 after acquiring an additional 8 shares in the last quarter. Budros Ruhlin & Roe Inc. boosted its stake 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 worth $227,000 after acquiring an additional 9 shares in the last quarter. Finally, Condor Capital Management boosted its stake 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 worth $1,625,000 after acquiring an additional 9 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

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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