Lakeview Capital Partners LLC bought a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 102 shares of the business services provider’s stock, valued at approximately $200,000.
A number of other large investors also recently bought and sold shares of the business. Independent Franchise Partners LLP grew its holdings in Booking by 51.0% during the 2nd quarter. Independent Franchise Partners LLP now owns 357,865 shares of the business services provider’s stock worth $670,893,000 after acquiring an additional 120,885 shares in the last quarter. Empirical Finance LLC acquired a new stake in Booking in the second quarter valued at approximately $212,000. Beacon Pointe Advisors LLC grew its position in Booking by 12.1% in the second quarter. Beacon Pointe Advisors LLC now owns 157 shares of the business services provider’s stock valued at $295,000 after acquiring an additional 17 shares in the last quarter. Investec Asset Management LTD grew its position in Booking by 45.2% in the second quarter. Investec Asset Management LTD now owns 648,507 shares of the business services provider’s stock valued at $946,177,000 after acquiring an additional 201,869 shares in the last quarter. Finally, Brookstone Capital Management grew its position in Booking by 19.4% in the second quarter. Brookstone Capital Management now owns 289 shares of the business services provider’s stock valued at $542,000 after acquiring an additional 47 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.
Shares of BKNG stock traded up $29.26 during mid-day trading on Friday, reaching $1,879.19. 1,033,700 shares of the company were exchanged, compared to its average volume of 401,935. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.58 and a current ratio of 1.58. Booking Holdings Inc. has a fifty-two week low of $1,606.27 and a fifty-two week high of $2,081.81. The business’s 50 day simple moving average is $1,998.42 and its 200 day simple moving average is $1,899.20. The company has a market capitalization of $86.10 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.52 and a beta of 1.12.
Booking (NASDAQ:BKNG) last released its earnings results on Thursday, November 7th. The business services provider reported $45.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $44.87 by $0.49. Booking had a return on equity of 56.70% and a net margin of 28.19%. The company had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter in the previous year, the business posted $37.78 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts forecast that Booking Holdings Inc. will post 101.98 EPS for the current year.
BKNG has been the subject of several recent research reports. Cowen increased their price objective on shares of Booking from $2,300.00 to $2,400.00 and gave the company a “top pick” rating in a research report on Friday. Evercore ISI reaffirmed a “neutral” rating on shares of Booking in a research report on Sunday, August 11th. Bank of America downgraded shares of Booking from a “buy” rating to a “neutral” rating in a research report on Friday, November 1st. Wedbush increased their price objective on shares of Booking from $1,950.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Morgan Stanley increased their price objective on shares of Booking from $2,050.00 to $2,100.00 and gave the company an “equal weight” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $2,114.40.
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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