U S Global Investors Inc. Reduces Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

U S Global Investors Inc. cut its stake in Booking Holdings Inc. (NASDAQ:BKNGGet Rating) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,504 shares of the business services provider’s stock after selling 2,241 shares during the period. Booking makes up approximately 2.5% of U S Global Investors Inc.’s holdings, making the stock its 13th largest holding. U S Global Investors Inc. owned about 0.07% of Booking worth $68,388,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Amplius Wealth Advisors LLC purchased a new position in Booking in the fourth quarter valued at about $26,000. Gradient Investments LLC increased its holdings in Booking by 116.7% in the fourth quarter. Gradient Investments LLC now owns 13 shares of the business services provider’s stock valued at $31,000 after buying an additional 7 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in Booking in the fourth quarter valued at about $31,000. Dark Forest Capital Management LP purchased a new position in Booking in the third quarter valued at about $33,000. Finally, Arlington Partners LLC purchased a new position in Booking in the fourth quarter valued at about $34,000. 89.79% of the stock is owned by institutional investors.

Several analysts have recently commented on BKNG shares. JMP Securities lowered their price target on shares of Booking from $2,900.00 to $2,750.00 and set an “outperform” rating on the stock in a research report on Thursday, February 24th. StockNews.com started coverage on shares of Booking in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Stifel Nicolaus lowered their price target on shares of Booking from $2,700.00 to $2,650.00 and set a “hold” rating on the stock in a research report on Thursday, February 24th. Susquehanna lowered their price target on shares of Booking from $3,100.00 to $2,900.00 and set a “positive” rating on the stock in a research report on Friday, February 25th. Finally, The Goldman Sachs Group lowered their price target on shares of Booking from $2,430.00 to $2,300.00 and set a “neutral” rating on the stock in a research report on Thursday, February 24th. Nine equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $2,746.48.

Shares of BKNG stock traded up $58.48 during mid-day trading on Thursday, reaching $2,317.43. The company’s stock had a trading volume of 13,275 shares, compared to its average volume of 444,773. The company’s 50 day simple moving average is $2,215.68 and its 200-day simple moving average is $2,335.29. Booking Holdings Inc. has a 12-month low of $1,796.45 and a 12-month high of $2,715.66. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $95.16 billion, a PE ratio of 82.13, a price-to-earnings-growth ratio of 1.34 and a beta of 1.22.

Booking (NASDAQ:BKNGGet Rating) last released its quarterly earnings results on Wednesday, February 23rd. The business services provider reported $15.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $12.73 by $3.10. Booking had a net margin of 10.63% and a return on equity of 35.57%. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the previous year, the firm posted ($0.57) EPS. The firm’s quarterly revenue was up 140.8% on a year-over-year basis. As a group, research analysts anticipate that Booking Holdings Inc. will post 86.72 EPS for the current fiscal year.

In other Booking news, CFO David I. Goulden sold 183 shares of the firm’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $2,210.00, for a total transaction of $404,430.00. Following the completion of the transaction, the chief financial officer now directly owns 6,569 shares of the company’s stock, valued at approximately $14,517,490. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction on Monday, April 18th. The stock was sold at an average price of $2,199.81, for a total transaction of $1,649,857.50. Following the transaction, the chief executive officer now directly owns 49,265 shares of the company’s stock, valued at $108,373,639.65. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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