Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Jacobsen Capital Management

Jacobsen Capital Management decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 185 shares of the business services provider’s stock after selling 6 shares during the quarter. Jacobsen Capital Management’s holdings in Booking were worth $779,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Hexagon Capital Partners LLC raised its stake in Booking by 30.0% during the first quarter. Hexagon Capital Partners LLC now owns 13 shares of the business services provider’s stock valued at $47,000 after buying an additional 3 shares in the last quarter. Proficio Capital Partners LLC raised its stake in Booking by 1.9% during the first quarter. Proficio Capital Partners LLC now owns 157 shares of the business services provider’s stock valued at $570,000 after buying an additional 3 shares in the last quarter. Team Hewins LLC raised its stake in Booking by 1.7% during the first quarter. Team Hewins LLC now owns 182 shares of the business services provider’s stock valued at $660,000 after buying an additional 3 shares in the last quarter. Csenge Advisory Group raised its stake in Booking by 4.7% during the first quarter. Csenge Advisory Group now owns 67 shares of the business services provider’s stock valued at $243,000 after buying an additional 3 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its stake in Booking by 0.3% during the first quarter. Bleakley Financial Group LLC now owns 869 shares of the business services provider’s stock valued at $3,153,000 after buying an additional 3 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the sale, the insider now 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 this link. Corporate insiders own 0.12% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $4,427.54 on Wednesday. Booking Holdings Inc. has a one year low of $2,756.13 and a one year high of $4,440.87. The stock has a fifty day moving average of $4,085.91 and a 200-day moving average of $3,862.39. The company has a market capitalization of $148.41 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its 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 company had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $37.62 earnings per share. As a group, research analysts forecast that Booking Holdings Inc. will post 177.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on BKNG shares. Mizuho upped their price objective on Booking from $4,250.00 to $4,800.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Tigress Financial upped their target price on Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 9th. Morgan Stanley upped their target price on Booking from $4,000.00 to $4,200.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. Wedbush upped their target price on Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, JMP Securities upped their target price on Booking from $3,950.00 to $5,000.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th. Eleven investment 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. According to MarketBeat, Booking presently has a consensus 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.