Harel Insurance Investments & Financial Services Ltd. Reduces Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Harel Insurance Investments & Financial Services Ltd. cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,658 shares of the business services provider’s stock after selling 376 shares during the quarter. Booking accounts for about 1.0% of Harel Insurance Investments & Financial Services Ltd.’s investment portfolio, making the stock its 27th largest holding. Harel Insurance Investments & Financial Services Ltd.’s holdings in Booking were worth $15,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Thoroughbred Financial Services LLC raised its position in Booking by 197,303.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 596,157 shares of the business services provider’s stock valued at $59,616,000 after purchasing an additional 595,855 shares during the last quarter. Nuveen Asset Management LLC raised its position in Booking by 2,043.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 246,130 shares of the business services provider’s stock valued at $461,422,000 after purchasing an additional 234,648 shares during the last quarter. Investec Asset Management LTD raised its position in Booking by 45.2% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the business services provider’s stock valued at $946,177,000 after purchasing an additional 201,869 shares during the last quarter. Fiduciary Management Inc. WI bought a new position in Booking during the 2nd quarter valued at approximately $277,285,000. Finally, Diamond Hill Capital Management Inc. bought a new position in Booking during the 2nd quarter valued at approximately $240,420,000. Institutional investors own 92.43% of the company’s stock.

A number of research analysts have commented on BKNG shares. JPMorgan Chase & Co. lowered their price target on Booking from $2,125.00 to $2,100.00 and set a “neutral” rating for the company in a research report on Friday. Bank of America lowered Booking from a “buy” rating to a “neutral” rating in a research report on Friday, November 1st. Raymond James lowered Booking from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Morgan Stanley upped their price target on Booking from $2,050.00 to $2,100.00 and gave the company an “equal weight” rating in a research report on Thursday, August 8th. Finally, Mizuho reaffirmed a “buy” rating and set a $2,150.00 price target (up previously from $2,050.00) on shares of Booking in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $2,091.27.

Shares of NASDAQ:BKNG traded down $20.20 during trading on Tuesday, hitting $1,875.84. The stock had a trading volume of 481,414 shares, compared to its average volume of 402,616. Booking Holdings Inc. has a 12 month low of $1,606.27 and a 12 month high of $2,081.81. The company has a market capitalization of $78.65 billion, a PE ratio of 20.26, a PEG ratio of 1.41 and a beta of 1.12. The firm’s fifty day moving average is $1,992.17 and its 200 day moving average is $1,899.55. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.51.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, November 7th. The business services provider reported $45.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $44.87 by $0.49. Booking had a return on equity of 67.17% and a net margin of 29.05%. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same quarter in the prior year, the company earned $37.78 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts expect that Booking Holdings Inc. will post 102.01 EPS for the current fiscal year.

About Booking

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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