Booking Holdings Inc. (BKNG) Shares Sold by Amalgamated Bank

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Amalgamated Bank lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,978 shares of the business services provider’s stock after selling 224 shares during the quarter. Amalgamated Bank’s holdings in Booking were worth $12,019,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Quadrant Capital Group LLC raised its holdings in shares of Booking by 4.8% in the 4th quarter. Quadrant Capital Group LLC now owns 131 shares of the business services provider’s stock worth $209,000 after acquiring an additional 6 shares during the last quarter. Shine Investment Advisory Services Inc. raised its holdings in shares of Booking by 6.4% in the 4th quarter. Shine Investment Advisory Services Inc. now owns 100 shares of the business services provider’s stock worth $172,000 after acquiring an additional 6 shares during the last quarter. Cypress Capital Management LLC raised its holdings in shares of Booking by 1.4% in the 4th quarter. Cypress Capital Management LLC now owns 422 shares of the business services provider’s stock worth $727,000 after acquiring an additional 6 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Booking by 8.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 127 shares of the business services provider’s stock worth $218,000 after acquiring an additional 10 shares during the last quarter. Finally, ETF Managers Group LLC raised its holdings in shares of Booking by 19.2% in the 4th quarter. ETF Managers Group LLC now owns 62 shares of the business services provider’s stock worth $107,000 after acquiring an additional 10 shares during the last quarter. 92.18% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Jeffrey E. Epstein sold 250 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $1,715.00, for a total transaction of $428,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gillian Tans sold 321 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $1,751.79, for a total transaction of $562,324.59. The disclosure for this sale can be found here. Insiders have sold a total of 865 shares of company stock valued at $1,489,405 over the last three months. Insiders own 0.24% of the company’s stock.

BKNG has been the topic of a number of analyst reports. Bank of America restated a “buy” rating and issued a $2,400.00 target price (up previously from $2,300.00) on shares of Booking in a report on Tuesday, February 26th. Morgan Stanley lowered shares of Booking from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $2,100.00 to $2,050.00 in a report on Wednesday, January 9th. Deutsche Bank upgraded shares of Booking from a “hold” rating to a “buy” rating and upped their target price for the stock from $2,150.00 to $2,370.00 in a report on Tuesday, February 5th. Zacks Investment Research lowered shares of Booking from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Finally, SunTrust Banks restated a “buy” rating and issued a $2,150.00 target price on shares of Booking in a report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $2,121.68.

NASDAQ:BKNG opened at $1,752.39 on Tuesday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $77.69 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.32 and a beta of 1.03. Booking Holdings Inc. has a 52 week low of $1,606.27 and a 52 week high of $2,201.84.

Booking (NASDAQ:BKNG) last released its earnings results on Wednesday, February 27th. The business services provider reported $22.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $19.39 by $3.10. Booking had a net margin of 27.52% and a return on equity of 44.63%. The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the prior year, the firm earned $16.86 EPS. The company’s revenue was up 14.6% compared to the same quarter last year. Equities analysts forecast that Booking Holdings Inc. will post 101.53 earnings per share for the current year.

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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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