Highbridge Capital Management LLC Sells 1,350 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Highbridge Capital Management LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 24.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,154 shares of the business services provider’s stock after selling 1,350 shares during the quarter. Highbridge Capital Management LLC’s holdings in Booking were worth $9,678,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Booking by 3.6% in the 4th quarter. BlackRock Inc. now owns 2,893,647 shares of the business services provider’s stock worth $6,444,932,000 after buying an additional 100,538 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Booking by 37.9% during the 4th quarter. Janus Henderson Group PLC now owns 652,322 shares of the business services provider’s stock valued at $1,452,825,000 after purchasing an additional 179,196 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Booking by 15.6% during the 1st quarter. Artisan Partners Limited Partnership now owns 488,531 shares of the business services provider’s stock valued at $1,138,199,000 after purchasing an additional 65,805 shares during the last quarter. Norges Bank bought a new position in shares of Booking during the 4th quarter valued at about $901,810,000. Finally, Schroder Investment Management Group boosted its holdings in shares of Booking by 17.7% during the 4th quarter. Schroder Investment Management Group now owns 363,673 shares of the business services provider’s stock valued at $809,997,000 after purchasing an additional 54,743 shares during the last quarter. 90.29% of the stock is owned by institutional investors.

BKNG stock traded down $18.91 during mid-day trading on Friday, reaching $2,305.54. The company had a trading volume of 4,576 shares, compared to its average volume of 389,236. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.18 and a quick ratio of 2.18. The stock has a market cap of $94.65 billion, a P/E ratio of 135.93, a PEG ratio of 4.11 and a beta of 1.27. The business has a 50 day moving average of $2,356.24. Booking Holdings Inc. has a 12 month low of $1,532.83 and a 12 month high of $2,516.00.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, May 4th. The business services provider reported ($5.26) EPS for the quarter, topping the Zacks’ consensus estimate of ($7.26) by $2.00. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.12 billion. Booking had a net margin of 12.44% and a negative return on equity of 3.81%. Equities analysts anticipate that Booking Holdings Inc. will post 33.92 EPS for the current fiscal year.

In other news, Director Jeffery H. Boyd sold 873 shares of the stock in a transaction that occurred on Wednesday, May 12th. The shares were sold at an average price of $2,228.65, for a total transaction of $1,945,611.45. Following the transaction, the director now directly owns 40,982 shares in the company, valued at $91,334,534.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.27% of the stock is owned by corporate insiders.

BKNG has been the subject of several research reports. Wedbush increased their price objective on shares of Booking from $2,200.00 to $2,500.00 and gave the company a “neutral” rating in a report on Thursday, February 25th. Morgan Stanley increased their price objective on shares of Booking from $2,450.00 to $2,550.00 and gave the company an “equal weight” rating in a report on Thursday, February 25th. BTIG Research reissued a “neutral” rating on shares of Booking in a report on Friday, April 30th. Barclays upped their target price on shares of Booking from $2,710.00 to $2,740.00 and gave the company an “overweight” rating in a research report on Thursday, May 6th. Finally, Wolfe Research initiated coverage on shares of Booking in a research report on Wednesday, March 31st. They set an “outperform” rating and a $2,630.00 target price on the stock. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $2,416.38.

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.

Further Reading: Trading on Margin

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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