Eqis Capital Management Inc. increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,205 shares of the business services provider’s stock after purchasing an additional 102 shares during the quarter. Eqis Capital Management Inc.’s holdings in Booking were worth $4,328,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Thoroughbred Financial Services LLC lifted its holdings in shares of Booking by 197,303.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 596,157 shares of the business services provider’s stock valued at $59,616,000 after purchasing an additional 595,855 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Booking by 2,043.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 246,130 shares of the business services provider’s stock valued at $461,422,000 after purchasing an additional 234,648 shares during the last quarter. Investec Asset Management LTD lifted its holdings in shares of Booking by 45.2% in the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the business services provider’s stock valued at $946,177,000 after purchasing an additional 201,869 shares during the last quarter. Fiduciary Management Inc. WI purchased a new stake in shares of Booking in the 2nd quarter valued at about $277,285,000. Finally, Diamond Hill Capital Management Inc. purchased a new stake in shares of Booking in the 2nd quarter valued at about $240,420,000. 92.43% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the company. Wells Fargo & Co downgraded Booking from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $2,000.00 to $2,150.00 in a report on Thursday, September 26th. Goldman Sachs Group reduced their target price on Booking from $1,800.00 to $1,750.00 and set a “neutral” rating for the company in a report on Friday. ValuEngine downgraded Booking from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Zacks Investment Research downgraded Booking from a “buy” rating to a “hold” rating and set a $2,153.00 target price for the company. in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. reduced their price objective on Booking from $2,125.00 to $2,100.00 and set a “neutral” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $2,091.27.
Shares of BKNG traded down $1.49 on Tuesday, reaching $1,894.55. The stock had a trading volume of 2,229 shares, compared to its average volume of 360,178. The firm has a market capitalization of $78.65 billion, a PE ratio of 20.46, a PEG ratio of 1.41 and a beta of 1.12. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.51. The firm has a 50-day moving average of $1,992.17 and a 200 day moving average of $1,899.55. Booking Holdings Inc. has a twelve month low of $1,606.27 and a twelve month high of $2,081.81.
Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, November 7th. The business services provider reported $45.36 EPS for the quarter, beating analysts’ consensus estimates of $44.87 by $0.49. The firm had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $5.07 billion. Booking had a return on equity of 67.17% and a net margin of 29.05%. Booking’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $37.78 EPS. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 102.01 earnings per share for the current fiscal year.
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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