Montag A & Associates Inc. lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,953 shares of the business services provider’s stock after purchasing an additional 291 shares during the period. Montag A & Associates Inc.’s holdings in Booking were worth $5,796,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. Gradient Investments LLC bought a new stake in Booking in the 3rd quarter worth $29,000. FNY Investment Advisers LLC bought a new stake in Booking in the 3rd quarter worth $29,000. Delta Asset Management LLC TN grew its holdings in Booking by 50.0% in the 3rd quarter. Delta Asset Management LLC TN now owns 15 shares of the business services provider’s stock worth $29,000 after acquiring an additional 5 shares during the last quarter. Squar Milner Financial Services LLC grew its holdings in Booking by 100.0% in the 3rd quarter. Squar Milner Financial Services LLC now owns 16 shares of the business services provider’s stock worth $31,000 after acquiring an additional 8 shares during the last quarter. Finally, Financial Advantage Inc. bought a new stake in Booking in the 3rd quarter worth $39,000. 92.36% of the stock is currently owned by institutional investors.
Shares of NASDAQ:BKNG traded up $29.26 on Friday, hitting $1,879.19. The company had a trading volume of 1,033,700 shares, compared to its average volume of 401,935. The firm’s 50-day simple moving average is $2,002.12 and its two-hundred day simple moving average is $1,899.04. Booking Holdings Inc. has a 1 year low of $1,606.27 and a 1 year high of $2,081.81. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $86.10 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 1.52 and a beta of 1.12.
Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, November 7th. The business services provider reported $45.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $44.87 by $0.49. Booking had a net margin of 28.19% and a return on equity of 56.70%. The firm had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same period last year, the company posted $37.78 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that Booking Holdings Inc. will post 101.98 EPS for the current year.
BKNG has been the topic of a number of recent analyst reports. Mizuho reissued a “buy” rating and issued a $2,150.00 price target (up previously from $2,050.00) on shares of Booking in a report on Thursday, August 8th. Bank of America lowered shares of Booking from a “buy” rating to a “neutral” rating in a report on Friday, November 1st. Barclays reissued a “buy” rating and issued a $2,160.00 price target on shares of Booking in a report on Wednesday, October 16th. Raymond James lowered shares of Booking from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Finally, Deutsche Bank raised their price target on shares of Booking from $2,250.00 to $2,350.00 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Booking has a consensus rating of “Hold” and an average price target of $2,119.15.
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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