Robeco Institutional Asset Management B.V. lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 17.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,717 shares of the business services provider’s stock after purchasing an additional 9,300 shares during the period. Robeco Institutional Asset Management B.V. owned 0.14% of Booking worth $109,436,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC bought a new position in shares of Booking in the 1st quarter worth about $294,000. Flossbach Von Storch AG grew its stake in shares of Booking by 28.4% in the 1st quarter. Flossbach Von Storch AG now owns 259,414 shares of the business services provider’s stock valued at $452,654,000 after buying an additional 57,308 shares during the period. Andesa Financial Management Inc. acquired a new stake in shares of Booking in the 1st quarter valued at about $372,000. Trust Co. of Vermont grew its stake in shares of Booking by 1.3% in the 1st quarter. Trust Co. of Vermont now owns 4,951 shares of the business services provider’s stock valued at $8,639,000 after buying an additional 62 shares during the period. Finally, Sigma Planning Corp grew its stake in shares of Booking by 37.6% in the 1st quarter. Sigma Planning Corp now owns 205 shares of the business services provider’s stock valued at $359,000 after buying an additional 56 shares during the period. Institutional investors own 93.00% of the company’s stock.
Shares of BKNG traded up $0.12 during mid-day trading on Wednesday, reaching $1,685.92. 317,400 shares of the stock traded hands, compared to its average volume of 479,613. The firm has a market capitalization of $72.50 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 1.40 and a beta of 1.04. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.27 and a quick ratio of 1.27. Booking Holdings Inc. has a 1 year low of $1,606.27 and a 1 year high of $2,162.91.
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 analysts’ consensus estimates of $11.26 by ($0.09). Booking had a net margin of 28.79% and a return on equity of 48.32%. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the firm earned $12.34 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, analysts expect that Booking Holdings Inc. will post 100.86 earnings per share for the current year.
In other Booking news, Director Jeffrey E. Epstein sold 250 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $1,715.00, for a total transaction of $428,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gillian Tans sold 321 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $1,751.79, for a total transaction of $562,324.59. The disclosure for this sale can be found here. Insiders sold 1,498 shares of company stock valued at $2,657,620 over the last quarter. 0.24% of the stock is owned by company insiders.
A number of equities analysts have issued reports on BKNG shares. Bank of America reiterated a “buy” rating and set a $2,400.00 price target (up previously from $2,300.00) on shares of Booking in a research note on Tuesday, February 26th. Deutsche Bank upgraded Booking from a “hold” rating to a “buy” rating and lifted their price target for the company from $2,150.00 to $2,370.00 in a research note on Tuesday, February 5th. UBS Group cut their price target on Booking from $2,000.00 to $1,960.00 and set a “neutral” rating for the company in a research note on Friday, May 10th. SunTrust Banks restated a “buy” rating and issued a $2,150.00 target price on shares of Booking in a research note on Thursday, February 28th. Finally, Citigroup cut their target price on Booking from $1,900.00 to $1,800.00 and set a “neutral” rating on the stock in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $2,072.70.
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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