Commonwealth Equity Services LLC increased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 9.0% in the 1st quarter, HoldingsChannel reports. The fund owned 3,397 shares of the business services provider’s stock after purchasing an additional 281 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Booking were worth $5,927,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Ellis Investment Partners LLC increased its stake in shares of Booking by 174,390.7% in the 1st quarter. Ellis Investment Partners LLC now owns 621,187 shares of the business services provider’s stock valued at $621,000 after acquiring an additional 620,831 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Booking by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 615,306 shares of the business services provider’s stock valued at $1,057,996,000 after acquiring an additional 23,591 shares in the last quarter. Northern Trust Corp increased its stake in shares of Booking by 0.9% in the 4th quarter. Northern Trust Corp now owns 540,722 shares of the business services provider’s stock valued at $931,352,000 after acquiring an additional 4,935 shares in the last quarter. Norges Bank bought a new stake in shares of Booking in the 4th quarter valued at $788,351,000. Finally, Investec Asset Management LTD increased its stake in Booking by 5.7% during the 1st quarter. Investec Asset Management LTD now owns 446,638 shares of the business services provider’s stock valued at $779,343,000 after purchasing an additional 23,929 shares in the last quarter. Institutional investors own 93.00% of the company’s stock.
BKNG opened at $1,798.90 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.34. The firm has a market cap of $78.08 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.48 and a beta of 1.06. Booking Holdings Inc. has a 1 year low of $1,606.27 and a 1 year high of $2,162.91.
Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, May 9th. The business services provider reported $11.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $11.26 by ($0.09). The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Booking had a return on equity of 48.32% and a net margin of 28.79%. Booking’s revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $12.34 earnings per share. On average, analysts expect that Booking Holdings Inc. will post 100.86 EPS for the current fiscal year.
A number of analysts have commented on the stock. Morgan Stanley decreased their price target on shares of Booking from $2,050.00 to $1,900.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 6th. Citigroup decreased their price target on shares of Booking from $1,900.00 to $1,800.00 and set a “neutral” rating for the company in a research note on Friday, March 1st. Mizuho decreased their price target on shares of Booking from $2,130.00 to $2,050.00 and set a “buy” rating for the company in a research note on Friday, May 10th. UBS Group decreased their price target on shares of Booking from $2,000.00 to $1,960.00 and set a “neutral” rating for the company in a research note on Friday, May 10th. Finally, Credit Suisse Group restated an “outperform” rating and set a $2,250.00 price target (up previously from $2,235.00) on shares of Booking in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $2,072.70.
In related news, CEO Gillian Tans sold 606 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $1,778.60, for a total value of $1,077,831.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey E. Epstein sold 250 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $1,755.75, for a total transaction of $438,937.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,498 shares of company stock worth $2,667,808 over the last ninety days. Insiders own 0.24% of the company’s stock.
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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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