Booking Holdings Inc. (BKNG) Holdings Boosted by Hanson McClain Inc.

Hanson McClain Inc. grew its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1,650.0% in the first quarter, HoldingsChannel.com reports. The firm owned 35 shares of the business services provider’s stock after acquiring an additional 33 shares during the period. Hanson McClain Inc.’s holdings in Booking were worth $61,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ellis Investment Partners LLC boosted its position 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 worth $621,000 after purchasing an additional 620,831 shares during the period. Geode Capital Management LLC boosted its position in shares of Booking by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 615,306 shares of the business services provider’s stock worth $1,057,996,000 after purchasing an additional 23,591 shares during the period. Northern Trust Corp boosted its position in shares of Booking by 0.9% in the fourth quarter. Northern Trust Corp now owns 540,722 shares of the business services provider’s stock worth $931,352,000 after purchasing an additional 4,935 shares during the period. Norges Bank bought a new position in shares of Booking in the fourth quarter worth approximately $788,351,000. Finally, Investec Asset Management LTD boosted its position in shares of Booking by 5.7% in the first quarter. Investec Asset Management LTD now owns 446,638 shares of the business services provider’s stock worth $779,343,000 after purchasing an additional 23,929 shares during the period. Institutional investors and hedge funds own 95.44% of the company’s stock.

In other Booking news, CEO Gillian Tans sold 321 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,834.00, for a total transaction of $588,714.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey E. Epstein sold 250 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $1,715.00, for a total transaction 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 company insiders.

Shares of NASDAQ:BKNG opened at $1,803.31 on Friday. 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 Holdings Inc. has a fifty-two week low of $1,606.27 and a fifty-two week high of $2,162.91. The firm has a market cap of $77.47 billion, a P/E ratio of 19.48, a P/E/G ratio of 1.40 and a beta of 1.04.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, May 9th. The business services provider reported $11.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $11.26 by ($0.09). Booking had a return on equity of 48.32% and a net margin of 28.79%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the prior year, the company posted $12.34 EPS. Booking’s revenue was down 3.1% compared to the same quarter last year. Research analysts anticipate that Booking Holdings Inc. will post 101.06 earnings per share for the current year.

A number of research firms have weighed in on BKNG. Morgan Stanley dropped 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 report on Wednesday, March 6th. Citigroup dropped 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 report on Friday, March 1st. Mizuho dropped 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 report on Friday, May 10th. UBS Group dropped 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 report on Friday, May 10th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $2,250.00 price target (up from $2,235.00) on shares of Booking in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $2,069.41.

WARNING: This story was reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.thelincolnianonline.com/2019/05/17/booking-holdings-inc-bkng-holdings-boosted-by-hanson-mcclain-inc.html.

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.

See Also: Trade Deficit

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG).

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.