Bp Plc trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 46.9% during the 1st quarter, Holdings Channel reports. The firm owned 2,600 shares of the business services provider’s stock after selling 2,300 shares during the quarter. Bp Plc’s holdings in Booking were worth $4,537,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of BKNG. Ellis Investment Partners LLC grew its stake in Booking by 174,390.7% in the 1st quarter. Ellis Investment Partners LLC now owns 621,187 shares of the business services provider’s stock worth $621,000 after acquiring an additional 620,831 shares in the last quarter. Norges Bank bought a new position in Booking in the 4th quarter worth about $788,351,000. Yacktman Asset Management LP bought a new position in Booking in the 1st quarter worth about $371,090,000. Boston Partners grew its stake in Booking by 7,915.2% in the 1st quarter. Boston Partners now owns 175,453 shares of the business services provider’s stock worth $306,150,000 after acquiring an additional 173,264 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd grew its stake in Booking by 12,306.4% in the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 93,544 shares of the business services provider’s stock worth $163,225,000 after acquiring an additional 92,790 shares in the last quarter. Institutional investors own 95.44% of the company’s stock.
In related news, Director Jeffrey E. Epstein sold 250 shares of the 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 transaction of $428,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gillian Tans sold 606 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $1,778.60, for a total transaction of $1,077,831.60. The disclosure for this sale can be found here. Insiders have sold 1,498 shares of company stock valued at $2,657,620 in the last three months. 0.24% of the stock is currently owned by corporate insiders.
Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, May 9th. The business services provider reported $11.17 EPS for the quarter, missing the Zacks’ consensus estimate of $11.26 by ($0.09). Booking had a net margin of 28.79% and a return on equity of 48.32%. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the previous year, the company earned $12.34 EPS. The company’s revenue was down 3.1% on a year-over-year basis. As a group, equities analysts expect that Booking Holdings Inc. will post 100.99 EPS for the current year.
BKNG has been the topic of a number of research analyst reports. Mizuho restated a “buy” rating on shares of Booking in a research note on Thursday, February 28th. SunTrust Banks restated a “buy” rating and issued a $2,150.00 target price on shares of Booking in a research note on Thursday, February 28th. Bank of America restated a “buy” rating and issued a $2,400.00 target price (up from $2,300.00) on shares of Booking in a research note on Tuesday, February 26th. Deutsche Bank upgraded shares of Booking from a “hold” rating to a “buy” rating and upped their target price for the stock from $2,150.00 to $2,370.00 in a research note on Tuesday, February 5th. Finally, Ascendiant Capital Markets set a $2,000.00 target price on shares of Booking and gave the stock a “buy” rating in a research note on Tuesday, May 14th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $2,075.09.
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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