Wealth Enhancement Advisory Services LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,109 shares of the business services provider’s stock after purchasing an additional 43 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Booking were worth $5,108,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. First Trust Advisors LP raised its position in shares of Booking by 14.8% during the 4th quarter. First Trust Advisors LP now owns 8,001 shares of the business services provider’s stock worth $17,820,000 after purchasing an additional 1,031 shares during the last quarter. Wade G W & Inc. acquired a new stake in shares of Booking during the fourth quarter valued at $390,000. Reilly Financial Advisors LLC increased its position in Booking by 100.0% during the 4th quarter. Reilly Financial Advisors LLC now owns 30 shares of the business services provider’s stock worth $67,000 after purchasing an additional 15 shares in the last quarter. Altium Wealth Management LLC raised its stake in Booking by 16.0% in the 4th quarter. Altium Wealth Management LLC now owns 275 shares of the business services provider’s stock valued at $612,000 after purchasing an additional 38 shares during the last quarter. Finally, Clear Harbor Asset Management LLC raised its stake in Booking by 1.7% in the 4th quarter. Clear Harbor Asset Management LLC now owns 725 shares of the business services provider’s stock valued at $1,615,000 after purchasing an additional 12 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.
In related news, Director Jeffery H. Boyd sold 873 shares of the stock in a transaction dated Wednesday, May 12th. The stock was sold at an average price of $2,228.65, for a total value of $1,945,611.45. Following the completion of the transaction, the director now owns 40,982 shares of the company’s stock, valued at $91,334,534.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.27% of the company’s stock.
Booking (NASDAQ:BKNG) last released its quarterly earnings results on Tuesday, May 4th. The business services provider reported ($5.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($7.26) by $2.00. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.12 billion. Booking had a net margin of 12.44% and a negative return on equity of 3.81%. Equities analysts anticipate that Booking Holdings Inc. will post 33.92 earnings per share for the current year.
A number of brokerages have recently commented on BKNG. Piper Sandler boosted their price objective on shares of Booking from $1,709.00 to $2,345.00 and gave the company a “neutral” rating in a research report on Thursday, February 25th. Wedbush increased their price target on Booking from $2,200.00 to $2,500.00 and gave the stock a “neutral” rating in a research note on Thursday, February 25th. Barclays lifted their price objective on Booking from $2,710.00 to $2,740.00 and gave the company an “overweight” rating in a research report on Thursday, May 6th. Susquehanna Bancshares decreased their price target on Booking from $3,000.00 to $2,850.00 and set a “positive” rating on the stock in a research note on Friday, May 7th. Finally, Mizuho raised their target price on shares of Booking from $2,345.00 to $2,700.00 and gave the stock a “buy” rating in a research report on Thursday, February 25th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $2,416.38.
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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