Cim LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.3% in the first quarter, HoldingsChannel.com reports. The fund owned 5,140 shares of the business services provider’s stock after buying an additional 67 shares during the quarter. Booking makes up 3.3% of Cim LLC’s investment portfolio, making the stock its 15th largest position. Cim LLC’s holdings in Booking were worth $8,969,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in BKNG. Chemical Bank increased its position in Booking by 1.4% during the 1st quarter. Chemical Bank now owns 732 shares of the business services provider’s stock worth $1,278,000 after purchasing an additional 10 shares in the last quarter. SVA Plumb Wealth Management LLC increased its position in Booking by 3.2% during the 1st quarter. SVA Plumb Wealth Management LLC now owns 4,575 shares of the business services provider’s stock worth $7,983,000 after purchasing an additional 144 shares in the last quarter. Acima Private Wealth LLC increased its position in Booking by 6.8% during the 1st quarter. Acima Private Wealth LLC now owns 331 shares of the business services provider’s stock worth $578,000 after purchasing an additional 21 shares in the last quarter. Everence Capital Management Inc. increased its position in Booking by 9.7% during the 1st quarter. Everence Capital Management Inc. now owns 1,130 shares of the business services provider’s stock worth $1,972,000 after purchasing an additional 100 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in Booking by 1.9% during the 1st quarter. CIBC Asset Management Inc now owns 7,443 shares of the business services provider’s stock worth $12,987,000 after purchasing an additional 136 shares in the last quarter. 95.44% of the stock is owned by institutional investors.
Shares of NASDAQ BKNG traded down $22.16 during midday trading on Wednesday, hitting $1,771.51. The stock had a trading volume of 3,462 shares, compared to its average volume of 472,086. The firm has a market capitalization of $76.94 billion, a P/E ratio of 19.02, a P/E/G ratio of 1.42 and a beta of 1.04. Booking Holdings Inc. has a 1-year low of $1,606.27 and a 1-year high of $2,162.91. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.27 and a quick ratio of 1.27.
Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, May 9th. The business services provider reported $11.17 earnings per share for the quarter, missing the consensus estimate of $11.26 by ($0.09). The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.93 billion. Booking had a net margin of 28.79% and a return on equity of 48.32%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $12.34 earnings per share. On average, equities research analysts expect that Booking Holdings Inc. will post 101.23 EPS for the current fiscal year.
In other Booking news, CEO Gillian Tans sold 321 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $1,834.00, for a total value of $588,714.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey E. Epstein sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $1,715.00, for a total value of $428,750.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 892 shares of company stock valued at $1,579,789. 0.24% of the stock is owned by corporate insiders.
BKNG has been the subject of a number of recent research reports. Mizuho reiterated a “buy” rating on shares of Booking in a research report on Thursday, February 28th. SunTrust Banks reiterated a “buy” rating and set a $2,150.00 price objective on shares of Booking in a research report on Thursday, February 28th. Bank of America reiterated a “buy” rating and set a $2,400.00 price objective (up previously from $2,300.00) on shares of Booking in a research report on Tuesday, February 26th. Deutsche Bank upgraded Booking from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $2,150.00 to $2,370.00 in a research report on Tuesday, February 5th. Finally, Ascendiant Capital Markets set a $2,000.00 price objective on Booking and gave the stock a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $2,069.41.
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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