Teacher Retirement System of Texas raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 111.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,181 shares of the business services provider’s stock after buying an additional 7,988 shares during the period. Teacher Retirement System of Texas’ holdings in Booking were worth $26,148,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Polianta Ltd acquired a new position in shares of Booking during the 4th quarter worth approximately $1,042,000. Cerebellum GP LLC boosted its holdings 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 worth $253,000 after purchasing an additional 56 shares during the last quarter. Vivaldi Capital Management LLC acquired a new position in shares of Booking during the 4th quarter worth approximately $289,000. Hotaling Investment Management LLC acquired a new position in shares of Booking during the 4th quarter worth approximately $972,000. Finally, Natixis Advisors L.P. boosted its holdings in shares of Booking by 1.8% during the 4th quarter. Natixis Advisors L.P. now owns 10,529 shares of the business services provider’s stock worth $18,136,000 after purchasing an additional 189 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.
In other news, CEO Gillian Tans sold 321 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $1,834.00, for a total transaction of $588,714.00. The transaction was disclosed in a document filed with the SEC, which is accessible 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. In the last three months, insiders sold 892 shares of company stock worth $1,579,789. 0.24% of the stock is owned by corporate insiders.
Booking (NASDAQ:BKNG) last announced its earnings results on Wednesday, February 27th. The business services provider reported $22.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $19.39 by $3.10. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.23 billion. Booking had a return on equity of 44.63% and a net margin of 27.52%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $16.86 earnings per share. Analysts anticipate that Booking Holdings Inc. will post 101.67 EPS for the current fiscal year.
BKNG has been the topic of several recent research reports. Tigress Financial restated a “buy” rating on shares of Booking in a report on Monday, December 24th. Zacks Investment Research upgraded Booking from a “hold” rating to a “buy” rating and set a $1,917.00 price objective on the stock in a report on Tuesday, January 8th. Jefferies Financial Group cut Booking from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Morgan Stanley cut Booking from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $2,100.00 to $2,050.00 in a report on Wednesday, January 9th. Finally, Deutsche Bank upgraded Booking from a “hold” rating to a “buy” rating and upped their price objective for the company from $2,150.00 to $2,370.00 in a report on Tuesday, February 5th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $2,121.68.
Booking Company Profile
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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