Boys Arnold & Co. Inc. lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 16.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 255 shares of the business services provider’s stock after selling 50 shares during the quarter. Boys Arnold & Co. Inc.’s holdings in Booking were worth $507,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its stake in Booking by 14.6% during the 2nd quarter. FMR LLC now owns 1,428,678 shares of the business services provider’s stock valued at $2,896,058,000 after purchasing an additional 181,931 shares in the last quarter. Morgan Stanley increased its stake in Booking by 30.9% during the 2nd quarter. Morgan Stanley now owns 993,158 shares of the business services provider’s stock valued at $2,013,218,000 after purchasing an additional 234,246 shares in the last quarter. Edgewood Management LLC increased its stake in Booking by 2.6% during the 2nd quarter. Edgewood Management LLC now owns 679,589 shares of the business services provider’s stock valued at $1,377,588,000 after purchasing an additional 17,104 shares in the last quarter. Jennison Associates LLC increased its stake in Booking by 25.4% during the 2nd quarter. Jennison Associates LLC now owns 589,299 shares of the business services provider’s stock valued at $1,194,562,000 after purchasing an additional 119,238 shares in the last quarter. Finally, Investec Asset Management LTD increased its stake in Booking by 3.2% during the 2nd quarter. Investec Asset Management LTD now owns 318,733 shares of the business services provider’s stock valued at $646,100,000 after purchasing an additional 9,858 shares in the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.
In related news, CEO Gillian Tans sold 295 shares of the stock in a transaction on Monday, October 15th. The shares were sold at an average price of $1,803.58, for a total transaction of $532,056.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.24% of the company’s stock.
A number of research analysts have issued reports on BKNG shares. UBS Group upgraded shares of Booking from a “neutral” rating to a “buy” rating and upped their price target for the company from $2,060.00 to $2,320.00 in a research note on Friday, August 10th. Mizuho cut their price target on shares of Booking to $2,400.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. ValuEngine raised shares of Booking from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $2,100.00 price objective on shares of Booking in a report on Thursday, August 9th. Finally, Zacks Investment Research raised shares of Booking from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $2,138.41.
Shares of NASDAQ BKNG opened at $1,875.01 on Friday. Booking Holdings Inc. has a 1 year low of $1,630.56 and a 1 year high of $2,228.99. The firm has a market cap of $87.16 billion, a P/E ratio of 24.34, a PEG ratio of 1.45 and a beta of 1.25. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.86.
Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, August 9th. The business services provider reported $20.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $17.34 by $3.33. Booking had a net margin of 20.07% and a return on equity of 24.74%. The firm had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the prior year, the firm posted $24.39 earnings per share. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. On average, research analysts anticipate that Booking Holdings Inc. will post 89.45 EPS for the current year.
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.
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