Osborn Williams & Donohoe LLC purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 332 shares of the business services provider’s stock, valued at approximately $604,000.
A number of other hedge funds have also made changes to their positions in BKNG. Suncoast Equity Management grew its stake in shares of Booking by 1.0% during the 1st quarter. Suncoast Equity Management now owns 13,337 shares of the business services provider’s stock valued at $23,272,000 after purchasing an additional 126 shares during the period. Polianta Ltd bought a new stake in shares of Booking during the 4th quarter valued at about $1,042,000. MUFG Securities EMEA plc grew its stake in shares of Booking by 198.4% during the 4th quarter. MUFG Securities EMEA plc now owns 3,841 shares of the business services provider’s stock valued at $6,616,000 after purchasing an additional 2,554 shares during the period. Cerebellum GP LLC grew its stake in shares of Booking by 61.5% during the 4th quarter. Cerebellum GP LLC now owns 147 shares of the business services provider’s stock valued at $253,000 after purchasing an additional 56 shares during the period. Finally, Vivaldi Capital Management LLC bought a new stake in shares of Booking during the 4th quarter valued at about $289,000.
Shares of NASDAQ BKNG traded down $8.45 during trading hours on Friday, hitting $1,708.48. 241,673 shares of the company traded hands, compared to its average volume of 482,123. The company has a market cap of $76.72 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.45 and a beta of 1.04. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.27 and a current ratio of 1.27. Booking Holdings Inc. has a 12 month low of $1,606.27 and a 12 month high of $2,162.91.
Booking (NASDAQ:BKNG) last released its earnings results on Thursday, May 9th. The business services provider reported $11.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $11.26 by ($0.09). The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.93 billion. Booking had a net margin of 28.79% and a return on equity of 48.32%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $12.34 EPS. As a group, equities analysts predict that Booking Holdings Inc. will post 100.99 EPS for the current year.
A number of research firms have issued reports on BKNG. Morgan Stanley cut their price target on Booking from $2,050.00 to $1,900.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 6th. Citigroup cut their price target on Booking from $1,900.00 to $1,800.00 and set a “neutral” rating for the company in a research note on Friday, March 1st. Mizuho lowered their price objective on Booking from $2,130.00 to $2,050.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. UBS Group lowered their price objective on Booking from $2,000.00 to $1,960.00 and set a “neutral” rating on the stock in a research report on Friday, May 10th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $2,250.00 price objective (up from $2,235.00) on shares of Booking in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $2,072.70.
In other Booking news, CEO Gillian Tans sold 321 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $1,751.79, for a total value of $562,324.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey E. Epstein sold 250 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $1,715.00, for a total value of $428,750.00. The disclosure for this sale can be found here. Insiders sold a total of 1,498 shares of company stock worth $2,657,620 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.
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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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