Booking Holdings Inc. (BKNG) Position Boosted by Hollencrest Capital Management

Hollencrest Capital Management raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 173 shares of the business services provider’s stock after acquiring an additional 10 shares during the period. Hollencrest Capital Management’s holdings in Booking were worth $302,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the stock. Ellis Investment Partners LLC boosted its holdings in shares of 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 purchasing an additional 620,831 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Booking by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 615,306 shares of the business services provider’s stock worth $1,057,996,000 after purchasing an additional 23,591 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Booking by 0.9% in the 4th quarter. Northern Trust Corp now owns 540,722 shares of the business services provider’s stock worth $931,352,000 after purchasing an additional 4,935 shares in the last quarter. Norges Bank purchased a new position in shares of Booking in the 4th quarter worth about $788,351,000. Finally, Investec Asset Management LTD boosted its holdings in shares of Booking by 5.7% in the 1st quarter. Investec Asset Management LTD now owns 446,638 shares of the business services provider’s stock worth $779,343,000 after purchasing an additional 23,929 shares in the last quarter.

A number of equities analysts have recently issued reports on the company. Cowen upped their price objective on Booking from $2,200.00 to $2,300.00 and gave the stock a “positive” rating in a report on Thursday, February 21st. Stifel Nicolaus cut their price objective on Booking from $2,150.00 to $1,995.00 and set a “hold” rating for the company in a report on Thursday, February 28th. Wells Fargo & Co cut their price objective on Booking from $2,150.00 to $2,000.00 and set an “outperform” rating for the company in a report on Thursday, February 28th. Wedbush reiterated an “outperform” rating and issued a $2,000.00 price objective (down from $2,100.00) on shares of Booking in a report on Thursday, February 28th. Finally, Atlantic Securities cut Booking from an “overweight” rating to a “neutral” rating in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $2,072.70.

NASDAQ BKNG opened at $1,745.02 on Thursday. Booking Holdings Inc. has a 1-year low of $1,606.27 and a 1-year high of $2,162.91. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market capitalization of $76.72 billion, a PE ratio of 18.85, a P/E/G ratio of 1.45 and a beta of 1.04.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, May 9th. The business services provider reported $11.17 earnings per share for the quarter, missing analysts’ consensus estimates of $11.26 by ($0.09). The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.93 billion. Booking had a net margin of 28.79% and a return on equity of 48.32%. The company’s revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm posted $12.34 EPS. Equities research analysts forecast that Booking Holdings Inc. will post 100.99 earnings per share for the current year.

In other Booking news, CEO Gillian Tans sold 606 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $1,778.60, for a total transaction of $1,077,831.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey E. Epstein sold 250 shares of the company’s 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 value of $428,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,498 shares of company stock valued at $2,657,620 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

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Booking 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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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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