Westpac Banking Corp trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,017 shares of the business services provider’s stock after selling 301 shares during the quarter. Westpac Banking Corp’s holdings in Booking were worth $11,280,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in BKNG. Weaver Consulting Group purchased a new position in Booking in the 1st quarter worth approximately $25,000. Guidant Wealth Advisors purchased a new position in Booking in the 1st quarter worth approximately $26,000. Truvestments Capital LLC purchased a new position in Booking in the 1st quarter worth approximately $44,000. Horan Capital Advisors LLC. purchased a new position in Booking in the 1st quarter worth approximately $49,000. Finally, Legacy Advisors LLC lifted its stake in Booking by 172.7% in the 2nd quarter. Legacy Advisors LLC now owns 30 shares of the business services provider’s stock worth $56,000 after purchasing an additional 19 shares in the last quarter. 94.69% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Jeffrey E. Epstein sold 250 shares of Booking stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $1,755.75, for a total value of $438,937.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gillian Tans sold 606 shares of Booking stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $1,791.14, for a total transaction of $1,085,430.84. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.
Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $23.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $22.80 by $0.79. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.78 billion. Booking had a net margin of 28.19% and a return on equity of 56.70%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $20.13 EPS. On average, research analysts predict that Booking Holdings Inc. will post 101.54 earnings per share for the current year.
BKNG has been the topic of a number of research reports. Ascendiant Capital Markets set a $2,000.00 target price on shares of Booking and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Evercore ISI reissued a “neutral” rating on shares of Booking in a research note on Sunday. Stifel Nicolaus reissued a “hold” rating and issued a $1,995.00 target price on shares of Booking in a research note on Monday, April 29th. UBS Group decreased their target price on shares of Booking from $2,000.00 to $1,960.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. Finally, Needham & Company LLC initiated coverage on shares of Booking in a research note on Monday, May 20th. They issued a “buy” rating and a $2,200.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the stock. Booking currently has a consensus rating of “Hold” and an average target price of $2,066.00.
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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