BTR Capital Management Inc. Decreases Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

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BTR Capital Management Inc. reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,733 shares of the business services provider’s stock after selling 21 shares during the quarter. Booking makes up 1.4% of BTR Capital Management Inc.’s holdings, making the stock its 29th largest position. BTR Capital Management Inc.’s holdings in Booking were worth $7,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Thomasville National Bank grew its holdings in shares of Booking by 2.5% during the 2nd quarter. Thomasville National Bank now owns 6,292 shares of the business services provider’s stock valued at $11,796,000 after purchasing an additional 154 shares during the last quarter. Fulton Bank N.A. grew its holdings in shares of Booking by 26.0% during the 2nd quarter. Fulton Bank N.A. now owns 1,623 shares of the business services provider’s stock valued at $3,042,000 after purchasing an additional 335 shares during the last quarter. Winfield Associates Inc. grew its holdings in shares of Booking by 1.0% during the 2nd quarter. Winfield Associates Inc. now owns 995 shares of the business services provider’s stock valued at $1,865,000 after purchasing an additional 10 shares during the last quarter. Metropolis Capital Ltd bought a new stake in shares of Booking during the 2nd quarter valued at approximately $24,915,000. Finally, Foundations Investment Advisors LLC grew its holdings in shares of Booking by 30.6% during the 2nd quarter. Foundations Investment Advisors LLC now owns 567 shares of the business services provider’s stock valued at $1,088,000 after purchasing an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 92.27% of the company’s stock.

Shares of NASDAQ BKNG traded up $18.18 during midday trading on Monday, reaching $2,031.71. The stock had a trading volume of 13,650 shares, compared to its average volume of 272,406. The firm has a market cap of $86.24 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 1.52 and a beta of 1.12. Booking Holdings Inc. has a twelve month low of $1,606.27 and a twelve month high of $2,081.81. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.58 and a current ratio of 1.58. The company’s 50 day moving average price is $1,992.70 and its 200 day moving average price is $1,876.70.

Booking (NASDAQ:BKNG) last released its earnings results on Wednesday, August 7th. The business services provider reported $23.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $22.80 by $0.79. Booking had a net margin of 28.19% and a return on equity of 56.70%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the company earned $20.13 EPS. Booking’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities analysts forecast that Booking Holdings Inc. will post 102.19 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on the stock. Deutsche Bank lifted their price target on shares of Booking from $2,175.00 to $2,275.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Cowen reissued an “outperform” rating and set a $2,300.00 target price (up from $2,160.00) on shares of Booking in a report on Thursday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of Booking from $1,930.00 to $2,125.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. ValuEngine lowered shares of Booking from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Finally, Zacks Investment Research lowered shares of Booking from a “buy” rating to a “hold” rating and set a $2,153.00 target price on the stock. in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $2,087.41.

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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