Ashfield Capital Partners LLC trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,983 shares of the business services provider’s stock after selling 56 shares during the period. Ashfield Capital Partners LLC’s holdings in Booking were worth $3,934,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. MUFG Securities EMEA plc acquired a new stake in Booking in the second quarter valued at approximately $109,000. LFA Lugano Financial Advisors SA acquired a new stake in Booking in the third quarter valued at approximately $109,000. Harvest Fund Management Co. Ltd grew its holdings in Booking by 86.7% in the second quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 26 shares during the period. First Manhattan Co. grew its holdings in Booking by 90.0% in the second quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock valued at $115,000 after purchasing an additional 27 shares during the period. Finally, Webster Bank N. A. acquired a new stake in Booking in the second quarter valued at approximately $126,000. 92.11% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Gillian Tans sold 295 shares of Booking stock in a transaction that occurred on Monday, October 15th. The stock was 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 accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.
Several analysts have commented on the company. Cowen set a $2,200.00 price objective on Booking and gave the company a “buy” rating in a report on Monday, October 22nd. Evercore ISI assumed coverage on Booking in a report on Monday, October 15th. They issued an “in-line” rating and a $1,930.00 price objective on the stock. Barclays raised their price objective on Booking to $2,270.00 in a report on Thursday, September 27th. They noted that the move was a valuation call. ValuEngine raised Booking from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Finally, Jefferies Financial Group lowered Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 price target on the stock. in a research note on Friday, August 10th. Fourteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $2,138.41.
Shares of Booking stock opened at $1,875.01 on Monday. Booking Holdings Inc. has a one year low of $1,630.56 and a one year high of $2,228.99. The company has a market cap of $89.01 billion, a P/E ratio of 24.34, a P/E/G ratio of 1.48 and a beta of 1.22. 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 data on Thursday, August 9th. The business services provider reported $20.67 EPS for the quarter, topping the Zacks’ consensus estimate of $17.34 by $3.33. Booking had a return on equity of 24.74% and a net margin of 20.07%. The firm had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter last year, the business posted $24.39 earnings per share. The firm’s revenue was up 16.9% compared to the same quarter last year. On average, research analysts predict that Booking Holdings Inc. will post 89.49 earnings per share 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.
See Also: Growth Stocks, What They Are, What They Are Not
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).
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.