Flagship Harbor Advisors LLC lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 230 shares of the business services provider’s stock after selling 15 shares during the period. Flagship Harbor Advisors LLC’s holdings in Booking were worth $401,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of BKNG. Martingale Asset Management L P boosted its position in Booking by 6.4% in the third quarter. Martingale Asset Management L P now owns 10,936 shares of the business services provider’s stock worth $21,698,000 after purchasing an additional 660 shares during the last quarter. Standard Life Aberdeen plc boosted its position in Booking by 357.8% in the third quarter. Standard Life Aberdeen plc now owns 183,376 shares of the business services provider’s stock worth $364,230,000 after purchasing an additional 143,321 shares during the last quarter. Dodge & Cox boosted its position in Booking by 61.4% in the third quarter. Dodge & Cox now owns 1,111,386 shares of the business services provider’s stock worth $2,204,990,000 after purchasing an additional 423,004 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Booking by 10.5% in the third quarter. Advisors Asset Management Inc. now owns 1,146 shares of the business services provider’s stock worth $2,274,000 after purchasing an additional 109 shares during the last quarter. Finally, HPM Partners LLC boosted its position in Booking by 9.7% in the third quarter. HPM Partners LLC now owns 906 shares of the business services provider’s stock worth $1,798,000 after purchasing an additional 80 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:BKNG opened at $1,841.70 on Wednesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.36 and a current ratio of 2.36. Booking Holdings Inc. has a 52-week low of $1,606.27 and a 52-week high of $2,201.84. The firm has a market cap of $83.10 billion, a P/E ratio of 19.89, a P/E/G ratio of 1.42 and a beta of 1.03.
Booking (NASDAQ:BKNG) last released its quarterly earnings data on Wednesday, February 27th. The business services provider reported $22.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $19.39 by $3.10. Booking had a return on equity of 44.63% and a net margin of 27.52%. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period in the previous year, the company posted $16.86 EPS. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. Research analysts forecast that Booking Holdings Inc. will post 101.67 earnings per share for the current year.
In related news, CEO Gillian Tans sold 321 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $1,751.79, for a total transaction of $562,324.59. The transaction 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 business’s stock in a transaction on Tuesday, March 5th. The shares were 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. Insiders own 0.24% of the company’s stock.
Several research analysts have weighed in on BKNG shares. Tigress Financial reissued a “buy” rating on shares of Booking in a research report on Monday, December 24th. Zacks Investment Research upgraded Booking from a “hold” rating to a “buy” rating and set a $1,917.00 target price on the stock in a research note on Tuesday, January 8th. Jefferies Financial Group lowered Booking from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Morgan Stanley lowered Booking from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $2,100.00 to $2,050.00 in a research note on Wednesday, January 9th. Finally, Deutsche Bank upgraded Booking from a “hold” rating to a “buy” rating and boosted their target price for the company from $2,150.00 to $2,370.00 in a research note on Tuesday, February 5th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $2,121.68.
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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.
Further Reading: Stock Symbols Definition, Examples, Lookup
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