Comerica Bank Sells 918 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Comerica Bank lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 11.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,177 shares of the business services provider’s stock after selling 918 shares during the period. Comerica Bank’s holdings in Booking were worth $26,039,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Naples Money Management LLC purchased a new stake in shares of Booking in the 4th quarter worth $25,000. ICA Group Wealth Management LLC purchased a new stake in shares of Booking in the 4th quarter worth $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Booking in the 4th quarter worth $28,000. Bourgeon Capital Management LLC purchased a new stake in shares of Booking in the 4th quarter worth $28,000. Finally, Arlington Trust Co LLC purchased a new stake in shares of Booking in the 4th quarter worth $32,000. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. BMO Capital Markets restated an “outperform” rating and issued a $4,205.00 price objective (up from $4,150.00) on shares of Booking in a research note on Friday, May 3rd. Morgan Stanley increased their price target on Booking from $3,700.00 to $4,000.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Tigress Financial increased their price target on Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 9th. JMP Securities reiterated a “market outperform” rating and issued a $3,950.00 price target on shares of Booking in a research note on Monday, May 6th. Finally, Evercore ISI increased their price target on Booking from $3,800.00 to $4,500.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Seven analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4,092.56.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 227 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $3,580.75, for a total value of $812,830.25. Following the completion of the sale, the insider now directly owns 4,233 shares in the company, valued at $15,157,314.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Paulo Pisano sold 227 shares of Booking stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the completion of the sale, the insider now directly owns 4,233 shares in the company, valued at $15,157,314.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the sale, the chief executive officer now owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

Booking Stock Down 2.0 %

BKNG stock traded down $73.89 during trading on Thursday, hitting $3,641.12. 261,402 shares of the company’s stock traded hands, compared to its average volume of 250,218. The firm has a market capitalization of $123.54 billion, a P/E ratio of 27.86, a PEG ratio of 1.11 and a beta of 1.38. The business has a fifty day simple moving average of $3,883.15 and a two-hundred day simple moving average of $3,690.77. Booking Holdings Inc. has a 1 year low of $2,733.04 and a 1 year high of $4,144.32.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating the consensus estimate of $14.03 by $6.36. The company had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.25 billion. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. Booking’s revenue was up 16.9% compared to the same quarter last year. During the same period last year, the firm earned $11.60 earnings per share. On average, equities research analysts predict that Booking Holdings Inc. will post 178.55 EPS for the current fiscal year.

About Booking

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.