Northwestern Mutual Wealth Management Co. increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,207 shares of the business services provider’s stock after acquiring an additional 60 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Booking were worth $12,315,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in BKNG. Morgan Stanley grew its holdings in Booking by 30.9% during the second quarter. Morgan Stanley now owns 993,158 shares of the business services provider’s stock worth $2,013,218,000 after acquiring an additional 234,246 shares during the period. FMR LLC boosted its position in Booking by 14.6% during the second quarter. FMR LLC now owns 1,428,678 shares of the business services provider’s stock worth $2,896,058,000 after purchasing an additional 181,931 shares in the last quarter. Egerton Capital UK LLP purchased a new stake in Booking during the second quarter worth $335,358,000. Jennison Associates LLC boosted its position in Booking by 25.4% during the second quarter. Jennison Associates LLC now owns 589,299 shares of the business services provider’s stock worth $1,194,562,000 after purchasing an additional 119,238 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in Booking during the first quarter worth $239,390,000. 91.99% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently issued reports on the company. DA Davidson set a $1,990.00 price objective on Booking and gave the company a “hold” rating in a research report on Friday, August 10th. Morgan Stanley restated an “overweight” rating and issued a $2,200.00 price objective (up from $2,100.00) on shares of Booking in a research report on Wednesday, July 11th. Stifel Nicolaus downgraded Booking from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Credit Suisse Group restated a “buy” rating and issued a $2,100.00 price objective (down from $2,250.00) on shares of Booking in a research report on Friday, August 10th. Finally, Jefferies Financial Group downgraded Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 price objective on the stock. in a research report 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. Booking presently has an average rating of “Buy” and a consensus price target of $2,135.28.
NASDAQ BKNG opened at $1,871.12 on Tuesday. Booking Holdings Inc. has a twelve month low of $1,630.56 and a twelve month high of $2,228.99. The stock has a market cap of $89.01 billion, a P/E ratio of 24.29, a price-to-earnings-growth 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 results on Monday, November 5th. The business services provider reported $37.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $38.37 by ($0.59). The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.81 billion. Booking had a return on equity of 24.74% and a net margin of 20.07%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $34.43 earnings per share. On average, equities analysts anticipate that Booking Holdings Inc. will post 89.49 EPS for the current year.
In other Booking news, CEO Gillian Tans sold 295 shares of the company’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.24% of the company’s stock.
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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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