SVA Wealth Management LLC Decreases Stake in Booking Holdings Inc. (NASDAQ:BKNG)

SVA Wealth Management LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 20.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,618 shares of the business services provider’s stock after selling 957 shares during the period. SVA Wealth Management LLC’s holdings in Booking were worth $6,783,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. FMR LLC raised its holdings in shares of Booking by 8.3% during the 1st quarter. FMR LLC now owns 997,623 shares of the business services provider’s stock worth $1,740,762,000 after acquiring an additional 76,561 shares during the period. Edgewood Management LLC raised its holdings in Booking by 0.9% in the 2nd quarter. Edgewood Management LLC now owns 682,058 shares of the business services provider’s stock valued at $1,278,661,000 after buying an additional 5,986 shares during the period. Investec Asset Management LTD raised its holdings in Booking by 45.2% in the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the business services provider’s stock valued at $946,177,000 after buying an additional 201,869 shares during the period. Thoroughbred Financial Services LLC raised its holdings in Booking by 197,303.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 596,157 shares of the business services provider’s stock valued at $59,616,000 after buying an additional 595,855 shares during the period. Finally, Independent Franchise Partners LLP raised its holdings in Booking by 51.0% in the 2nd quarter. Independent Franchise Partners LLP now owns 357,865 shares of the business services provider’s stock valued at $670,893,000 after buying an additional 120,885 shares during the period. Institutional investors own 93.02% of the company’s stock.

In other news, CEO Gillian Tans sold 606 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $1,791.14, for a total transaction of $1,085,430.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.24% of the company’s stock.

Several analysts recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Booking from $2,050.00 to $2,100.00 and gave the company an “equal weight” rating in a report on Thursday, August 8th. Royal Bank of Canada restated an “outperform” rating and issued a $2,100.00 price objective (down from $2,150.00) on shares of Booking in a report on Thursday, August 8th. Needham & Company LLC assumed coverage on shares of Booking in a report on Monday, May 20th. They issued a “buy” rating and a $2,200.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Booking from $1,930.00 to $2,125.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Finally, Cleveland Research assumed coverage on shares of Booking in a report on Wednesday, June 19th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $2,073.17.

NASDAQ BKNG traded up $22.49 during trading on Friday, hitting $2,063.90. The stock had a trading volume of 354,020 shares, compared to its average volume of 296,799. The company has a market capitalization of $86.78 billion, a PE ratio of 22.29, a PEG ratio of 1.49 and a beta of 1.14. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.74. The firm has a 50 day moving average price of $1,929.04 and a 200 day moving average price of $1,834.57. Booking Holdings Inc. has a twelve month low of $1,606.27 and a twelve month high of $2,071.78.

Booking (NASDAQ:BKNG) last released its earnings results on Wednesday, August 7th. The business services provider reported $23.59 earnings per share for the quarter, beating the consensus estimate of $22.80 by $0.79. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.78 billion. Booking had a return on equity of 56.70% and a net margin of 28.19%. Booking’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $20.13 EPS. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 102.15 earnings per share for the current year.

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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