Markel Corp Decreases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

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Markel Corp cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 20.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 200 shares of the business services provider’s stock after selling 50 shares during the quarter. Markel Corp’s holdings in Booking were worth $375,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BKNG. FMR LLC increased its holdings in shares of Booking by 8.3% in the first quarter. FMR LLC now owns 997,623 shares of the business services provider’s stock valued at $1,740,762,000 after purchasing an additional 76,561 shares during the period. Investec Asset Management LTD increased its holdings in shares of Booking by 45.2% in the second quarter. Investec Asset Management LTD now owns 648,507 shares of the business services provider’s stock valued at $946,177,000 after purchasing an additional 201,869 shares during the period. Ellis Investment Partners LLC increased its holdings in shares of Booking by 174,390.7% in the first quarter. Ellis Investment Partners LLC now owns 621,187 shares of the business services provider’s stock valued at $621,000 after purchasing an additional 620,831 shares during the period. Thoroughbred Financial Services LLC increased its holdings in shares of Booking by 197,303.0% in the second quarter. Thoroughbred Financial Services LLC now owns 596,157 shares of the business services provider’s stock valued at $59,616,000 after purchasing an additional 595,855 shares during the period. Finally, Flossbach Von Storch AG increased its holdings in shares of Booking by 28.4% in the first quarter. Flossbach Von Storch AG now owns 259,414 shares of the business services provider’s stock valued at $452,654,000 after purchasing an additional 57,308 shares during the period. Institutional investors own 94.69% of the company’s stock.

BKNG has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on Booking from $1,930.00 to $2,125.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Mizuho reaffirmed a “buy” rating and set a $2,150.00 target price (up from $2,050.00) on shares of Booking in a report on Thursday, August 8th. Citigroup raised Booking from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $1,800.00 to $1,745.02 in a report on Thursday, May 23rd. Deutsche Bank raised their target price on Booking from $2,175.00 to $2,275.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and set a $1,900.00 target price (up from $1,800.00) on shares of Booking in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $2,066.00.

In other Booking news, CEO Gillian Tans sold 606 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $1,791.14, for a total value of $1,085,430.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey E. Epstein sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $1,755.75, for a total value of $438,937.50. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

BKNG traded up $17.52 during trading on Friday, hitting $1,922.19. The company’s stock had a trading volume of 240,800 shares, compared to its average volume of 341,733. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.74. Booking Holdings Inc. has a twelve month low of $1,606.27 and a twelve month high of $2,019.48. The business’s fifty day simple moving average is $1,893.44 and its 200 day simple moving average is $1,824.88. The firm has a market capitalization of $80.97 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 1.40 and a beta of 1.14.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported $23.59 EPS for the quarter, beating the consensus estimate of $22.80 by $0.79. Booking had a return on equity of 56.70% and a net margin of 28.19%. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the company earned $20.13 earnings per share. Booking’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, equities research analysts forecast that Booking Holdings Inc. will post 101.69 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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