Nisa Investment Advisors LLC lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,406 shares of the business services provider’s stock after purchasing an additional 115 shares during the period. Nisa Investment Advisors LLC’s holdings in Booking were worth $33,862,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Tompkins Financial Corp increased its position in Booking by 5.6% during the first quarter. Tompkins Financial Corp now owns 264 shares of the business services provider’s stock worth $524,000 after acquiring an additional 14 shares during the period. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Booking during the 1st quarter worth about $215,000. BTIM Corp. increased its stake in shares of Booking by 7.7% in the 1st quarter. BTIM Corp. now owns 11,769 shares of the business services provider’s stock valued at $20,536,000 after acquiring an additional 838 shares during the last quarter. Northstar Group Inc. bought a new stake in shares of Booking in the 1st quarter valued at about $1,007,000. Finally, Autus Asset Management LLC increased its stake in Booking by 1.6% during the 1st quarter. Autus Asset Management LLC now owns 3,101 shares of the business services provider’s stock worth $5,411,000 after purchasing an additional 49 shares in the last quarter. 94.14% of the stock is currently owned by institutional investors.
In other news, Director Jeffrey E. Epstein sold 250 shares of the 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 SEC, which can be accessed through this hyperlink. Also, CEO Gillian Tans sold 321 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were 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 ninety days, insiders have sold 892 shares of company stock worth $1,579,789. Insiders own 0.24% of the company’s stock.
Booking (NASDAQ:BKNG) last issued its earnings results on Wednesday, February 27th. The business services provider reported $22.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $19.39 by $3.10. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Booking had a return on equity of 44.63% and a net margin of 27.52%. The business’s revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $16.86 earnings per share. As a group, analysts predict that Booking Holdings Inc. will post 101.66 EPS for the current year.
BKNG has been the subject of several recent analyst reports. Mizuho reissued a “buy” rating on shares of Booking in a report on Thursday, February 28th. SunTrust Banks reiterated a “buy” rating and set a $2,150.00 price objective on shares of Booking in a research report on Thursday, February 28th. Bank of America reiterated a “buy” rating and set a $2,400.00 price objective (up previously from $2,300.00) on shares of Booking in a research report on Tuesday, February 26th. Deutsche Bank upgraded Booking from a “hold” rating to a “buy” rating and raised their price target for the stock from $2,150.00 to $2,370.00 in a research report on Tuesday, February 5th. Finally, Morgan Stanley decreased their price target on Booking from $2,050.00 to $1,900.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $2,104.14.
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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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