BTIM Corp. grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,769 shares of the business services provider’s stock after buying an additional 838 shares during the period. BTIM Corp.’s holdings in Booking were worth $20,536,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in BKNG. Martingale Asset Management L P lifted its holdings in Booking by 6.4% in the 3rd quarter. Martingale Asset Management L P now owns 10,936 shares of the business services provider’s stock valued at $21,698,000 after purchasing an additional 660 shares in the last quarter. Standard Life Aberdeen plc lifted its holdings in Booking by 357.8% in the 3rd quarter. Standard Life Aberdeen plc now owns 183,376 shares of the business services provider’s stock valued at $364,230,000 after purchasing an additional 143,321 shares in the last quarter. Dodge & Cox lifted its holdings in Booking by 61.4% in the 3rd quarter. Dodge & Cox now owns 1,111,386 shares of the business services provider’s stock valued at $2,204,990,000 after purchasing an additional 423,004 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Booking by 10.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,146 shares of the business services provider’s stock valued at $2,274,000 after purchasing an additional 109 shares in the last quarter. Finally, HPM Partners LLC lifted its holdings in Booking by 9.7% in the 3rd quarter. HPM Partners LLC now owns 906 shares of the business services provider’s stock valued at $1,798,000 after purchasing an additional 80 shares in the last quarter. 94.14% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have weighed in on BKNG. Stifel Nicolaus restated a “hold” rating and issued a $1,995.00 price objective on shares of Booking in a report on Monday, April 29th. SunTrust Banks reiterated a “buy” rating and set a $2,150.00 price target on shares of Booking in a report on Thursday, April 4th. 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 report on Tuesday, February 26th. Telsey Advisory Group lowered Booking from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $2,100.00 to $1,800.00 in a report on Tuesday, March 19th. Finally, ValuEngine upgraded Booking from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $2,103.43.
Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Wednesday, February 27th. The business services provider reported $22.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $19.39 by $3.10. The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.23 billion. Booking had a return on equity of 44.63% and a net margin of 27.52%. The company’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the company earned $16.86 EPS. As a group, equities research analysts predict that Booking Holdings Inc. will post 101.66 earnings per share for the current fiscal year.
In other Booking news, CEO Gillian Tans sold 321 shares of Booking stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,834.00, for a total value of $588,714.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey E. Epstein sold 250 shares of Booking stock in a transaction dated Tuesday, March 5th. The shares were 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. Over the last ninety days, insiders sold 892 shares of company stock valued at $1,579,789. 0.24% of the stock is currently owned by corporate insiders.
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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