Regent Investment Management LLC Sells 40 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Regent Investment Management LLC reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNGGet Rating) by 4.2% in the second quarter, Holdings Channel reports. The firm owned 909 shares of the business services provider’s stock after selling 40 shares during the quarter. Regent Investment Management LLC’s holdings in Booking were worth $1,590,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BKNG. Matrix Asset Advisors Inc. NY bought a new stake in Booking in the 2nd quarter worth approximately $7,346,000. Ritholtz Wealth Management grew its position in Booking by 661.2% in the 2nd quarter. Ritholtz Wealth Management now owns 3,037 shares of the business services provider’s stock worth $5,312,000 after purchasing an additional 2,638 shares during the period. IFM Investors Pty Ltd grew its position in Booking by 7.4% in the 2nd quarter. IFM Investors Pty Ltd now owns 7,018 shares of the business services provider’s stock worth $12,274,000 after purchasing an additional 483 shares during the period. Gofen & Glossberg LLC IL grew its position in Booking by 25.9% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 146 shares of the business services provider’s stock worth $255,000 after purchasing an additional 30 shares during the period. Finally, First Bancorp Inc ME bought a new stake in Booking in the 2nd quarter worth approximately $234,000. 89.91% of the stock is currently owned by institutional investors.

Insider Activity at Booking

In related news, CFO David I. Goulden sold 300 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $2,102.00, for a total transaction of $630,600.00. Following the transaction, the chief financial officer now directly owns 5,969 shares in the company, valued at approximately $12,546,838. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Booking news, CFO David I. Goulden sold 300 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $2,102.00, for a total value of $630,600.00. Following the transaction, the chief financial officer now directly owns 5,969 shares in the company, valued at approximately $12,546,838. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert J. Mylod, Jr. bought 500 shares of the company’s stock in a transaction on Monday, August 29th. The stock was bought at an average price of $1,912.37 per share, for a total transaction of $956,185.00. Following the completion of the purchase, the director now directly owns 2,580 shares in the company, valued at $4,933,914.60. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 1,440 shares of company stock worth $3,003,813. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the subject of a number of research analyst reports. Stifel Nicolaus cut their target price on shares of Booking from $2,400.00 to $2,300.00 and set a “hold” rating for the company in a research report on Thursday, August 4th. Evercore ISI cut their price objective on shares of Booking to $2,400.00 in a research report on Tuesday, August 9th. Susquehanna Bancshares cut their price objective on shares of Booking from $2,900.00 to $2,800.00 and set a “positive” rating for the company in a research report on Friday, August 5th. Barclays cut their price objective on shares of Booking from $2,390.00 to $2,270.00 and set an “overweight” rating for the company in a research report on Thursday, August 4th. Finally, Piper Sandler cut their price objective on shares of Booking from $2,500.00 to $2,050.00 and set a “neutral” rating for the company in a research report on Thursday, August 4th. Eight research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,550.37.

Booking Price Performance

Shares of NASDAQ BKNG traded down $58.58 during mid-day trading on Friday, hitting $1,662.00. 19,864 shares of the company’s stock traded hands, compared to its average volume of 377,093. The company’s 50-day moving average is $1,925.27 and its two-hundred day moving average is $2,038.88. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market capitalization of $66.00 billion, a P/E ratio of 44.53, a PEG ratio of 1.17 and a beta of 1.23. Booking Holdings Inc. has a 1 year low of $1,669.34 and a 1 year high of $2,715.66.

Booking (NASDAQ:BKNGGet Rating) last announced its earnings results on Wednesday, August 3rd. The business services provider reported $19.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.93 by $1.15. Booking had a net margin of 10.54% and a return on equity of 62.69%. During the same quarter in the previous year, the business posted ($2.55) EPS. On average, equities analysts anticipate that Booking Holdings Inc. will post 93.71 EPS for the current fiscal year.

Booking Company Profile

(Get Rating)

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

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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