Booking Holdings Inc. (BKNG) Position Lowered by Virtu Financial LLC

Virtu Financial LLC reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 80.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 568 shares of the business services provider’s stock after selling 2,351 shares during the period. Virtu Financial LLC’s holdings in Booking were worth $1,127,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. MUFG Securities EMEA plc purchased a new position in Booking during the 2nd quarter worth $109,000. LFA Lugano Financial Advisors SA purchased a new position in Booking during the 3rd quarter worth $109,000. Harvest Fund Management Co. Ltd grew its position in Booking by 86.7% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock worth $114,000 after purchasing an additional 26 shares during the last quarter. First Manhattan Co. grew its position in Booking by 90.0% during the 2nd quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock worth $115,000 after purchasing an additional 27 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. purchased a new position in Booking during the 2nd quarter worth $134,000. 93.39% of the stock is currently owned by institutional investors.

Shares of NASDAQ BKNG opened at $1,891.88 on Friday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.99. Booking Holdings Inc. has a 52 week low of $1,690.34 and a 52 week high of $2,228.99. The stock has a market capitalization of $87.65 billion, a P/E ratio of 24.56, a P/E/G ratio of 1.50 and a beta of 1.22.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Monday, November 5th. The business services provider reported $37.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $38.37 by ($0.59). Booking had a net margin of 19.81% and a return on equity of 26.87%. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same quarter last year, the business earned $34.43 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts anticipate that Booking Holdings Inc. will post 89.57 EPS for the current fiscal year.

In related news, CEO Gillian Tans sold 293 shares of the firm’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $1,872.01, for a total value of $548,498.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 883 shares of company stock valued at $1,646,347 in the last quarter. Company insiders own 0.24% of the company’s stock.

Several research analysts have issued reports on BKNG shares. Cowen set a $2,375.00 price objective on shares of Booking and gave the stock a “buy” rating in a research report on Saturday, August 11th. Zacks Investment Research raised shares of Booking from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. UBS Group raised shares of Booking from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $2,060.00 to $2,320.00 in a research report on Friday, August 10th. Jefferies Financial Group downgraded shares of Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 price objective on the stock. in a research report on Friday, August 10th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $2,100.00 price objective on shares of Booking in a research report on Thursday, August 9th. Eleven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $2,157.57.

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Booking 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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