Capital Investment Services of America Inc. Acquires 207 Shares of Booking Holdings Inc. (BKNG)

Capital Investment Services of America Inc. grew its position in Booking Holdings Inc. (NASDAQ:BKNG) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,118 shares of the business services provider’s stock after acquiring an additional 207 shares during the period. Capital Investment Services of America Inc.’s holdings in Booking were worth $8,815,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Investment House LLC raised its position in shares of Booking by 1.2% in the 3rd quarter. Investment House LLC now owns 5,396 shares of the business services provider’s stock valued at $10,706,000 after buying an additional 64 shares in the last quarter. Watch Point Trust Co boosted its stake in shares of Booking by 10.6% in the 3rd quarter. Watch Point Trust Co now owns 1,594 shares of the business services provider’s stock valued at $3,162,000 after purchasing an additional 153 shares during the last quarter. Davy Asset Management Ltd bought a new stake in shares of Booking in the 2nd quarter valued at $3,201,000. Marathon Asset Management LLP boosted its stake in Booking by 3.8% during the third quarter. Marathon Asset Management LLP now owns 63,261 shares of the business services provider’s stock worth $125,524,000 after acquiring an additional 2,330 shares in the last quarter. Finally, Andra AP fonden boosted its stake in Booking by 57.1% during the second quarter. Andra AP fonden now owns 1,100 shares of the business services provider’s stock worth $2,230,000 after acquiring an additional 400 shares in the last quarter. 91.91% of the stock is owned by institutional investors.

Several brokerages have recently commented on BKNG. Morgan Stanley downgraded shares of Booking from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $2,100.00 to $2,050.00 in a report on Wednesday. Jefferies Financial Group lowered shares of Booking from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research raised shares of Booking from a “hold” rating to a “buy” rating and set a $1,917.00 target price on the stock in a research note on Tuesday. Tigress Financial reissued a “buy” rating on shares of Booking in a research note on Monday, December 24th. Finally, Telsey Advisory Group began coverage on shares of Booking in a report on Wednesday, November 28th. They issued an “outperform” rating and a $2,100.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $2,145.76.

In related news, CEO Gillian Tans sold 293 shares of the firm’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $1,872.01, for a total transaction of $548,498.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 882 shares of company stock worth $1,608,773. Corporate insiders own 0.24% of the company’s stock.

Shares of BKNG traded up $16.70 during trading hours on Thursday, reaching $1,666.19. 11,383 shares of the company traded hands, compared to its average volume of 503,432. Booking Holdings Inc. has a 1-year low of $1,606.27 and a 1-year high of $2,228.99. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.41 and a current ratio of 2.41. The firm has a market capitalization of $79.57 billion, a P/E ratio of 21.60, a P/E/G ratio of 1.25 and a beta of 1.16.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Monday, November 5th. The business services provider reported $37.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $38.37 by ($0.59). The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.81 billion. Booking had a net margin of 19.81% and a return on equity of 26.87%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $34.43 earnings per share. As a group, equities analysts forecast that Booking Holdings Inc. will post 89.69 earnings per share for the current year.

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About Booking

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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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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