Jacobs Levy Equity Management Inc. acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the first quarter, Holdings Channel reports. The firm acquired 6,580 shares of the business services provider’s stock, valued at approximately $11,482,000.
Other hedge funds have also recently bought and sold shares of the company. Guidant Wealth Advisors bought a new position in shares of Booking in the first quarter worth about $26,000. Truvestments Capital LLC bought a new position in shares of Booking in the first quarter worth about $44,000. Horan Capital Advisors LLC. bought a new position in shares of Booking in the first quarter worth about $49,000. Hanson McClain Inc. grew its holdings in shares of Booking by 1,650.0% in the first quarter. Hanson McClain Inc. now owns 35 shares of the business services provider’s stock worth $61,000 after purchasing an additional 33 shares during the last quarter. Finally, Next Capital Management LLC bought a new position in shares of Booking in the fourth quarter worth about $64,000. Institutional investors and hedge funds own 93.00% of the company’s stock.
BKNG has been the topic of a number of research analyst reports. Ascendiant Capital Markets set a $2,000.00 price target on shares of Booking and gave the stock a “buy” rating in a report on Tuesday, May 14th. Telsey Advisory Group cut shares of Booking from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $2,100.00 to $1,800.00 in a report on Tuesday, March 19th. Wedbush cut shares of Booking from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $2,000.00 to $1,850.00 in a report on Friday, March 22nd. ValuEngine cut shares of Booking from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. Finally, Morgan Stanley upped their price target on shares of Booking from $1,900.00 to $1,950.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $2,072.70.
In other Booking news, Director Jeffrey E. Epstein sold 250 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $1,755.75, for a total transaction of $438,937.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gillian Tans sold 321 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $1,834.00, for a total transaction of $588,714.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,177 shares of company stock valued at $2,105,483. Insiders own 0.24% of the company’s stock.
Shares of Booking stock opened at $1,775.50 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.34. Booking Holdings Inc. has a 1 year low of $1,606.27 and a 1 year high of $2,162.91. The stock has a market cap of $78.34 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 1.48 and a beta of 1.06.
Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, May 9th. The business services provider reported $11.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $11.26 by ($0.09). The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Booking had a net margin of 28.79% and a return on equity of 48.32%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $12.34 earnings per share. As a group, equities research analysts forecast that Booking Holdings Inc. will post 100.86 earnings per share for the current fiscal year.
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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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