California Public Employees Retirement System Sells 5,114 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

California Public Employees Retirement System decreased its stake in Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,410 shares of the business services provider’s stock after selling 5,114 shares during the quarter. California Public Employees Retirement System owned 0.21% of Booking worth $198,233,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amplius Wealth Advisors LLC acquired a new position in shares of Booking during the fourth quarter worth about $26,000. Standard Family Office LLC acquired a new position in shares of Booking during the fourth quarter worth about $26,000. Covestor Ltd acquired a new position in shares of Booking during the fourth quarter worth about $32,000. James Reed Financial Services Inc. acquired a new position in shares of Booking during the fourth quarter worth about $35,000. Finally, Joseph P. Lucia & Associates LLC acquired a new position in shares of Booking during the first quarter worth about $35,000. Institutional investors own 89.48% of the company’s stock.

Insider Activity

In other news, insider Paulo Pisano sold 120 shares of the firm’s stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $2,100.00, for a total value of $252,000.00. Following the completion of the sale, the insider now directly owns 3,003 shares in the company, valued at approximately $6,306,300. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Booking news, CFO David I. Goulden sold 150 shares of Booking stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $2,000.13, for a total transaction of $300,019.50. Following the completion of the transaction, the chief financial officer now owns 6,269 shares in the company, valued at approximately $12,538,814.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paulo Pisano sold 120 shares of Booking stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $2,100.00, for a total value of $252,000.00. Following the transaction, the insider now owns 3,003 shares of the company’s stock, valued at approximately $6,306,300. The disclosure for this sale can be found here. Insiders sold a total of 470 shares of company stock worth $952,060 in the last three months. Company insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the subject of several recent research reports. Citigroup upped their price objective on Booking from $2,600.00 to $2,800.00 in a research report on Thursday, May 5th. JPMorgan Chase & Co. dropped their target price on Booking from $2,900.00 to $2,435.00 and set an “overweight” rating on the stock in a report on Wednesday, June 29th. Oppenheimer upped their target price on Booking from $2,560.00 to $3,000.00 in a report on Thursday, May 5th. Morgan Stanley dropped their target price on Booking from $2,820.00 to $2,100.00 and set an “equal weight” rating on the stock in a report on Thursday, June 23rd. Finally, Piper Sandler upped their target price on Booking from $2,440.00 to $2,500.00 in a report on Thursday, May 5th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,690.10.

Booking Stock Performance

BKNG stock opened at $1,877.58 on Thursday. The stock has a 50-day moving average price of $1,961.60 and a 200-day moving average price of $2,168.86. Booking Holdings Inc. has a 1-year low of $1,669.34 and a 1-year high of $2,715.66. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 2.12. The firm has a market cap of $76.27 billion, a PE ratio of 151.91, a price-to-earnings-growth ratio of 1.12 and a beta of 1.25.

Booking (NASDAQ:BKNG – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The business services provider reported $3.90 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $4.04. Booking had a return on equity of 43.44% and a net margin of 4.16%. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period last year, the company posted ($5.26) EPS. The business’s quarterly revenue was up 136.6% on a year-over-year basis. As a group, equities research analysts expect that Booking Holdings Inc. will post 99.39 earnings per share for the current year.

About Booking

(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.