Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Evermay Wealth Management LLC

Evermay Wealth Management LLC decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 25.4% during the third quarter, Holdings Channel.com reports. The firm owned 44 shares of the business services provider’s stock after selling 15 shares during the period. Evermay Wealth Management LLC’s holdings in Booking were worth $185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. acquired a new position in Booking in the 3rd quarter worth about $25,000. Grove Bank & Trust raised its stake in shares of Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after buying an additional 4 shares during the period. POM Investment Strategies LLC purchased a new position in shares of Booking during the 2nd quarter valued at approximately $28,000. Kings Path Partners LLC acquired a new stake in Booking in the 2nd quarter valued at $28,000. Finally, West Financial Advisors LLC purchased a new stake in Booking in the 3rd quarter worth $29,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Trading Up 0.8 %

Shares of BKNG opened at $4,463.93 on Thursday. The company’s 50-day moving average price is $4,100.42 and its 200 day moving average price is $3,866.59. Booking Holdings Inc. has a 12-month low of $2,756.13 and a 12-month high of $4,477.88. The firm has a market cap of $149.63 billion, a P/E ratio of 31.25, a price-to-earnings-growth ratio of 1.44 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. The business had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $37.62 EPS. Equities research analysts forecast that Booking Holdings Inc. will post 177.29 earnings per share for the current year.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BKNG has been the topic of several recent analyst reports. Bank of America increased their price objective on shares of Booking from $3,950.00 to $4,448.00 and gave the company a “neutral” rating in a report on Friday, October 25th. UBS Group raised their price target on shares of Booking from $4,350.00 to $5,050.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley boosted their price objective on Booking from $4,000.00 to $4,200.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Benchmark restated a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average target price of $4,256.89.

Booking Company 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.