Geode Capital Management LLC Grows Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Geode Capital Management LLC boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 615,306 shares of the business services provider’s stock after purchasing an additional 23,591 shares during the period. Geode Capital Management LLC owned approximately 1.33% of Booking worth $1,057,996,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Quadrant Capital Group LLC increased its stake in Booking by 4.8% during the 4th quarter. Quadrant Capital Group LLC now owns 131 shares of the business services provider’s stock worth $209,000 after buying an additional 6 shares during the period. Shine Investment Advisory Services Inc. grew its holdings in Booking by 6.4% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 100 shares of the business services provider’s stock worth $172,000 after acquiring an additional 6 shares in the last quarter. Cypress Capital Management LLC grew its holdings in Booking by 1.4% during the 4th quarter. Cypress Capital Management LLC now owns 422 shares of the business services provider’s stock worth $727,000 after acquiring an additional 6 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in Booking by 8.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 127 shares of the business services provider’s stock worth $218,000 after acquiring an additional 10 shares in the last quarter. Finally, ETF Managers Group LLC grew its holdings in Booking by 19.2% during the 4th quarter. ETF Managers Group LLC now owns 62 shares of the business services provider’s stock worth $107,000 after acquiring an additional 10 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Shares of Booking stock traded up $4.52 during trading on Friday, hitting $1,844.31. The stock had a trading volume of 344,632 shares, compared to its average volume of 425,697. The company has a market cap of $83.02 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.36 and a quick ratio of 2.36. Booking Holdings Inc. has a 1 year low of $1,606.27 and a 1 year high of $2,201.84.

Booking (NASDAQ:BKNG) last released its earnings results on Wednesday, February 27th. The business services provider reported $22.49 earnings per share for the quarter, topping the consensus estimate of $19.39 by $3.10. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.23 billion. Booking had a net margin of 27.52% and a return on equity of 44.63%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period last year, the firm posted $16.86 earnings per share. On average, analysts expect that Booking Holdings Inc. will post 101.67 EPS for the current fiscal year.

A number of research analysts have issued reports on the stock. Wedbush lowered shares of Booking from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $2,000.00 to $1,850.00 in a research note on Friday, March 22nd. Cowen boosted their target price on shares of Booking from $2,200.00 to $2,300.00 and gave the company a “positive” rating in a research note on Thursday, February 21st. SunTrust Banks reissued a “buy” rating and set a $2,150.00 target price on shares of Booking in a research note on Thursday, April 4th. Jefferies Financial Group lowered shares of Booking from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Finally, Mizuho restated a “buy” rating on shares of Booking in a research report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $2,121.68.

In other Booking news, Director Jeffrey E. Epstein sold 250 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $1,715.00, for a total value of $428,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gillian Tans sold 321 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last three months, insiders sold 892 shares of company stock worth $1,579,789. 0.24% of the stock is currently owned by insiders.

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About Booking

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.

See Also: Mutual Funds

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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