Smith Salley & Associates raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,565 shares of the business services provider’s stock after purchasing an additional 125 shares during the period. Smith Salley & Associates’ holdings in Booking were worth $5,089,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in BKNG. MUFG Securities EMEA plc purchased a new position in Booking in the second quarter valued at approximately $109,000. LFA Lugano Financial Advisors SA purchased a new position in Booking in the third quarter valued at approximately $109,000. Harvest Fund Management Co. Ltd grew its position in shares of Booking by 86.7% during the second quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock worth $114,000 after acquiring an additional 26 shares during the last quarter. First Manhattan Co. grew its position in shares of Booking by 90.0% during the second quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock worth $115,000 after acquiring an additional 27 shares during the last quarter. Finally, Webster Bank N. A. purchased a new position in shares of Booking during the second quarter worth approximately $126,000. Institutional investors own 91.99% of the company’s stock.
In other Booking news, CEO Gillian Tans sold 295 shares of the firm’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $1,803.58, for a total value of $532,056.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by company insiders.
Booking stock opened at $1,937.64 on Friday. Booking Holdings Inc. has a one year low of $1,682.69 and a one year high of $2,228.99. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.41 and a quick ratio of 1.92. The firm has a market capitalization of $92.57 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 1.58 and a beta of 1.22.
Booking (NASDAQ:BKNG) last released its earnings results on Monday, November 5th. The business services provider reported $37.78 EPS for the quarter, missing analysts’ consensus estimates of $38.37 by ($0.59). Booking had a net margin of 19.81% and a return on equity of 26.87%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same period last year, the business posted $34.43 EPS. Booking’s revenue was up 9.4% compared to the same quarter last year. On average, analysts predict that Booking Holdings Inc. will post 89.68 earnings per share for the current year.
A number of equities analysts have recently issued reports on the stock. DA Davidson set a $2,000.00 target price on shares of Booking and gave the stock a “hold” rating in a research report on Tuesday. Wedbush set a $2,500.00 target price on shares of Booking and gave the stock a “buy” rating in a research report on Tuesday. Raymond James restated an “outperform” rating and set a $2,160.00 target price (up from $1,970.00) on shares of Booking in a research report on Tuesday. Credit Suisse Group restated an “outperform” rating and set a $2,240.00 target price (up from $2,100.00) on shares of Booking in a research report on Tuesday. Finally, Bank of America raised their target price on shares of Booking from $2,150.00 to $2,300.00 and gave the stock a “buy” rating in a research report on Tuesday. Thirteen investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $2,155.87.
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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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