Sciencast Management LP cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 37.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 195 shares of the business services provider’s stock after selling 115 shares during the period. Sciencast Management LP’s holdings in Booking were worth $348,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new position in Booking in the 1st quarter valued at approximately $44,000. Moody National Bank Trust Division acquired a new position in Booking in the 4th quarter valued at approximately $53,000. Next Capital Management LLC acquired a new position in Booking in the 4th quarter valued at approximately $64,000. Lake Point Wealth Management acquired a new position in Booking in the 4th quarter valued at approximately $64,000. Finally, Financial Gravity Companies Inc. acquired a new position in Booking in the 4th quarter valued at approximately $72,000. 94.14% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on the stock. Credit Suisse Group reiterated an “outperform” rating and issued a $2,250.00 price objective (up previously from $2,235.00) on shares of Booking in a research note on Friday. Morgan Stanley upped their price objective on shares of Booking from $1,900.00 to $1,950.00 and gave the company an “equal weight” rating in a research note on Friday. Mizuho dropped their price objective on shares of Booking from $2,130.00 to $2,050.00 and set a “buy” rating on the stock in a research note on Friday. UBS Group decreased their target price on shares of Booking from $2,000.00 to $1,960.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $1,995.00 target price on shares of Booking in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $2,072.71.
Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, May 9th. The business services provider reported $11.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $11.26 by ($0.09). Booking had a return on equity of 44.82% and a net margin of 28.79%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the company posted $12.34 earnings per share. Booking’s quarterly revenue was down 3.1% on a year-over-year basis. Equities research analysts forecast that Booking Holdings Inc. will post 101.66 EPS for the current fiscal year.
In other news, Director Jeffrey E. Epstein sold 250 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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. Insiders have sold a total of 892 shares of company stock valued at $1,579,789 in the last quarter. 0.24% of the stock is currently owned by corporate insiders.
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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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