Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Next Century Growth Investors LLC

Next Century Growth Investors LLC trimmed its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 3.5% in the second quarter, HoldingsChannel.com reports. The fund owned 523 shares of the business services provider’s stock after selling 19 shares during the quarter. Next Century Growth Investors LLC’s holdings in Booking were worth $1,144,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Patton Fund Management Inc. acquired a new position in shares of Booking in the second quarter worth $1,742,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Booking by 62.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,393 shares of the business services provider’s stock worth $29,758,000 after acquiring an additional 4,747 shares during the last quarter. Swiss National Bank raised its holdings in shares of Booking by 6.0% in the second quarter. Swiss National Bank now owns 167,036 shares of the business services provider’s stock worth $365,490,000 after acquiring an additional 9,493 shares during the last quarter. MYDA Advisors LLC raised its holdings in shares of Booking by 180.0% in the second quarter. MYDA Advisors LLC now owns 1,400 shares of the business services provider’s stock worth $3,063,000 after acquiring an additional 900 shares during the last quarter. Finally, Prestige Wealth Management Group LLC raised its holdings in shares of Booking by 4,200.0% in the first quarter. Prestige Wealth Management Group LLC now owns 129 shares of the business services provider’s stock worth $300,000 after acquiring an additional 126 shares during the last quarter. 89.68% of the stock is owned by institutional investors.

Several equities analysts recently commented on the company. The Goldman Sachs Group assumed coverage on Booking in a research note on Monday, September 13th. They issued a “neutral” rating and a $2,230.00 target price for the company. Credit Suisse Group upped their target price on Booking from $2,675.00 to $3,100.00 and gave the company an “outperform” rating in a research note on Thursday, August 5th. Cowen upped their target price on Booking from $2,700.00 to $2,950.00 and gave the company an “outperform” rating in a research note on Tuesday. Piper Sandler upped their target price on Booking from $2,345.00 to $2,375.00 and gave the company a “neutral” rating in a research note on Thursday, August 5th. Finally, Stifel Nicolaus upped their target price on Booking from $2,400.00 to $2,450.00 and gave the company a “hold” rating in a research note on Thursday, August 5th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $2,486.96.

Shares of NASDAQ BKNG traded up $34.10 on Thursday, hitting $2,496.63. The company had a trading volume of 1,176 shares, compared to its average volume of 345,371. Booking Holdings Inc. has a 12-month low of $1,589.00 and a 12-month high of $2,540.00. The business has a 50 day moving average of $2,312.52 and a two-hundred day moving average of $2,300.95. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $102.51 billion, a P/E ratio of 245.03, a PEG ratio of 3.31 and a beta of 1.26.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, August 3rd. The business services provider reported ($2.55) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.69) by $0.14. Booking had a return on equity of 3.32% and a net margin of 5.77%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the business earned ($10.81) earnings per share. The company’s revenue was up 242.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 42.24 earnings per share for the current year.

Booking Company 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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