Booking Holdings Inc. (BKNG) Holdings Trimmed by JS Capital Management LLC
JS Capital Management LLC lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 9.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,500 shares of the business services provider’s stock after selling 800 shares during the quarter. Booking comprises approximately 5.0% of JS Capital Management LLC’s portfolio, making the stock its 7th biggest holding. JS Capital Management LLC’s holdings in Booking were worth $15,203,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Highland Capital Management LP purchased a new stake in Booking in the first quarter valued at approximately $2,080,000. Baltimore Washington Financial Advisors Inc. raised its stake in Booking by 0.9% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 4,364 shares of the business services provider’s stock valued at $8,846,000 after purchasing an additional 37 shares in the last quarter. Professional Planning purchased a new stake in Booking in the first quarter valued at approximately $214,000. Douglass Winthrop Advisors LLC raised its stake in Booking by 2.5% in the second quarter. Douglass Winthrop Advisors LLC now owns 16,162 shares of the business services provider’s stock valued at $32,762,000 after purchasing an additional 401 shares in the last quarter. Finally, Wesbanco Bank Inc. purchased a new stake in Booking in the first quarter valued at approximately $233,000. Hedge funds and other institutional investors own 93.04% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Benchmark downgraded shares of Booking from a “buy” rating to a “hold” rating in a research note on Friday, June 22nd. Zacks Investment Research raised shares of Booking from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. ValuEngine cut shares of Booking from a “buy” rating to a “hold” rating in a research report on Friday, May 18th. Morgan Stanley reiterated an “overweight” rating and set a $2,200.00 price target (up from $2,100.00) on shares of Booking in a research report on Wednesday, July 11th. Finally, SunTrust Banks reiterated a “buy” rating and set a $2,300.00 price target on shares of Booking in a research report on Tuesday, July 10th. Thirteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $2,154.45.
Shares of Booking stock opened at $1,901.81 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.86. Booking Holdings Inc. has a 52-week low of $1,630.56 and a 52-week high of $2,228.99. The company has a market capitalization of $90.28 billion, a PE ratio of 24.69, a PEG ratio of 1.51 and a beta of 1.27.
Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, August 9th. The business services provider reported $20.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $17.34 by $3.33. Booking had a net margin of 20.07% and a return on equity of 24.74%. The firm had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter last year, the business earned $24.39 earnings per share. The business’s revenue was up 16.9% on a year-over-year basis. analysts predict that Booking Holdings Inc. will post 89.06 EPS for the current year.
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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