Catalyst Financial Partners LLC Sells 5 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Catalyst Financial Partners LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.0% during the third quarter, HoldingsChannel reports. The fund owned 162 shares of the business services provider’s stock after selling 5 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Booking were worth $682,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BKNG. Vanguard Group Inc. boosted its stake in shares of Booking by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock valued at $10,718,390,000 after purchasing an additional 12,456 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Booking by 4.5% during the first quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock worth $1,865,949,000 after acquiring an additional 21,969 shares in the last quarter. Ninety One UK Ltd boosted its stake in Booking by 3.1% during the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after acquiring an additional 10,889 shares in the last quarter. Mawer Investment Management Ltd. raised its holdings in Booking by 29.2% during the first quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock worth $702,049,000 after buying an additional 43,743 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in Booking by 22.1% during the first quarter. Nordea Investment Management AB now owns 159,956 shares of the business services provider’s stock worth $584,492,000 after buying an additional 28,904 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Stock Performance

NASDAQ BKNG opened at $4,463.93 on Thursday. The company has a market capitalization of $149.63 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 1.44 and a beta of 1.40. Booking Holdings Inc. has a 52-week low of $2,756.13 and a 52-week high of $4,477.88. The company has a 50-day simple moving average of $4,100.42 and a 200 day simple moving average of $3,866.59.

Booking (NASDAQ:BKNG) last issued its earnings results on Wednesday, October 30th. The business services provider reported $83.89 earnings per share for the quarter, topping analysts’ consensus estimates of $77.94 by $5.95. The firm had revenue of $7.99 billion during the quarter, compared to analyst estimates of $7.63 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. As a group, analysts forecast that Booking Holdings Inc. will post 177.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on BKNG shares. Mizuho upped their price objective on shares of Booking from $4,250.00 to $4,800.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. DA Davidson lowered their price objective on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Cantor Fitzgerald restated a “neutral” rating and set a $3,590.00 price objective on shares of Booking in a report on Monday, October 7th. Jefferies Financial Group upped their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley upped their price objective on shares of Booking from $4,000.00 to $4,200.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $4,256.89.

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.