First Long Island Investors LLC boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.4% in the 3rd quarter, Holdings Channel reports. The firm owned 8,874 shares of the business services provider’s stock after purchasing an additional 120 shares during the period. Booking comprises about 2.3% of First Long Island Investors LLC’s portfolio, making the stock its 17th largest holding. First Long Island Investors LLC’s holdings in Booking were worth $17,606,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. MUFG Securities EMEA plc acquired a new stake in Booking in the 2nd quarter valued at approximately $109,000. LFA Lugano Financial Advisors SA acquired a new stake in Booking in the 3rd quarter valued at approximately $109,000. Harvest Fund Management Co. Ltd increased its holdings in Booking by 86.7% in the 2nd 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 last quarter. First Manhattan Co. increased its holdings in Booking by 90.0% in the 2nd 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 last quarter. Finally, Webster Bank N. A. acquired a new stake in Booking in the 2nd quarter valued at approximately $126,000. Hedge funds and other institutional investors own 91.99% of the company’s stock.
Shares of NASDAQ:BKNG opened at $1,875.01 on Monday. Booking Holdings Inc. has a 12 month low of $1,630.56 and a 12 month high of $2,228.99. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.86. The firm 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.
Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, August 9th. The business services provider reported $20.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $17.34 by $3.33. The firm had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.45 billion. Booking had a net margin of 20.07% and a return on equity of 24.74%. Booking’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period last year, the business earned $24.39 EPS. Equities analysts expect that Booking Holdings Inc. will post 89.49 EPS for the current fiscal year.
Several research firms recently weighed in on BKNG. Benchmark reiterated a “hold” rating on shares of Booking in a report on Thursday, August 9th. Stifel Nicolaus cut shares of Booking from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. DA Davidson set a $1,990.00 price target on shares of Booking and gave the company a “hold” rating in a research report on Friday, August 10th. ValuEngine raised shares of Booking from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $2,300.00 price objective on shares of Booking in a research report on Thursday, August 9th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $2,138.41.
In other Booking news, CEO Gillian Tans sold 295 shares of Booking stock in a transaction on Monday, October 15th. The shares were sold at an average price of $1,803.58, for a total value of $532,056.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.24% of the company’s stock.
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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