Booking Holdings Inc. (BKNG) Stake Boosted by Fairhaven Wealth Management LLC

Fairhaven Wealth Management LLC lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 399 shares of the business services provider’s stock after purchasing an additional 15 shares during the quarter. Booking accounts for 0.7% of Fairhaven Wealth Management LLC’s investment portfolio, making the stock its 24th largest holding. Fairhaven Wealth Management LLC’s holdings in Booking were worth $696,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Guidant Wealth Advisors purchased a new stake in shares of Booking during the 1st quarter valued at $26,000. Sage Rhino Capital LLC bought a new position in Booking in the 1st quarter worth about $223,000. Eqis Capital Management Inc. boosted its stake in Booking by 23.9% in the 1st quarter. Eqis Capital Management Inc. now owns 1,792 shares of the business services provider’s stock worth $3,126,000 after purchasing an additional 346 shares during the period. Baltimore Washington Financial Advisors Inc. boosted its stake in Booking by 1.3% in the 1st quarter. Baltimore Washington Financial Advisors Inc. now owns 4,480 shares of the business services provider’s stock worth $7,817,000 after purchasing an additional 57 shares during the period. Finally, Rothschild Investment Corp IL boosted its stake in Booking by 81.1% in the 1st quarter. Rothschild Investment Corp IL now owns 239 shares of the business services provider’s stock worth $417,000 after purchasing an additional 107 shares during the period. 94.14% of the stock is currently owned by institutional investors.

Shares of BKNG stock traded up $93.82 during trading hours on Friday, reaching $1,829.85. The company’s stock had a trading volume of 1,166,547 shares, compared to its average volume of 429,046. The firm has a market cap of $76.71 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.33 and a beta of 1.04. Booking Holdings Inc. has a one year low of $1,606.27 and a one year high of $2,162.91. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.36 and a current ratio of 2.36.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, May 9th. The business services provider reported $11.17 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the prior year, the business posted $12.34 earnings per share. Booking’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, equities analysts predict that Booking Holdings Inc. will post 101.66 EPS for the current year.

In related news, CEO Gillian Tans sold 321 shares of Booking 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jeffrey E. Epstein sold 250 shares of the business’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. Insiders have sold 892 shares of company stock worth $1,579,789 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Several research analysts have commented on the company. Mizuho cut their target price on Booking from $2,130.00 to $2,050.00 and set a “buy” rating for the company in a research note on Friday. Morgan Stanley lifted their price target on Booking from $1,900.00 to $1,950.00 and gave the company an “equal weight” rating in a research report on Friday. UBS Group dropped their price target on Booking from $2,000.00 to $1,960.00 and set a “neutral” rating for the company in a research report on Friday. Credit Suisse Group reiterated an “outperform” rating and set a $2,250.00 price target (up previously from $2,235.00) on shares of Booking in a research report on Friday. Finally, ValuEngine downgraded Booking from a “hold” rating to a “sell” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $2,072.71.

WARNING: This story was published by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.baseballdailydigest.com/news/2019/05/11/booking-holdings-inc-bkng-stake-raised-by-fairhaven-wealth-management-llc.html.

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.

See Also: Trading based on a resistance level

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.