Ironvine Capital Partners LLC Buys 17 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Ironvine Capital Partners LLC lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 183 shares of the business services provider’s stock after purchasing an additional 17 shares during the period. Ironvine Capital Partners LLC’s holdings in Booking were worth $351,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in BKNG. Ellis Investment Partners LLC raised its stake in shares of Booking by 174,390.7% during 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. Thoroughbred Financial Services LLC raised its stake in shares of Booking by 197,303.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 596,157 shares of the business services provider’s stock worth $59,616,000 after purchasing an additional 595,855 shares in the last quarter. Yacktman Asset Management LP bought a new stake in shares of Booking during the 1st quarter worth approximately $371,090,000. Boston Partners raised its stake in shares of Booking by 7,915.2% during the 1st quarter. Boston Partners now owns 175,453 shares of the business services provider’s stock worth $306,150,000 after purchasing an additional 173,264 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd raised its stake in shares of Booking by 12,306.4% during 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 purchasing an additional 92,790 shares in the last quarter. Institutional investors own 94.19% of the company’s stock.

NASDAQ BKNG traded down $17.92 on Tuesday, reaching $1,770.68. The stock had a trading volume of 17,447 shares, compared to its average volume of 274,344. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.27 and a current ratio of 1.27. The stock’s fifty day moving average is $1,882.65. Booking Holdings Inc. has a 1-year low of $1,606.27 and a 1-year high of $2,109.00. The stock has a market capitalization of $79.92 billion, a P/E ratio of 19.12, a P/E/G ratio of 1.51 and a beta of 1.14.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, May 9th. The business services provider reported $11.17 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.93 billion. During the same period in the prior year, the company earned $12.34 earnings per share. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. Analysts forecast that Booking Holdings Inc. will post 100.96 EPS for the current fiscal year.

In other Booking news, Director Jeffrey E. Epstein sold 250 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $1,755.75, for a total value of $438,937.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gillian Tans sold 606 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $1,778.60, for a total value of $1,077,831.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,462 shares of company stock worth $2,602,200. Insiders own 0.27% of the company’s stock.

A number of research analysts recently weighed in on the company. ValuEngine lowered Booking from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. UBS Group decreased their target price on Booking from $2,000.00 to $1,960.00 and set a “neutral” rating on the stock in a report on Friday, May 10th. SunTrust Banks reissued a “buy” rating and set a $2,150.00 target price on shares of Booking in a report on Thursday, July 18th. Stifel Nicolaus reissued a “hold” rating and set a $1,995.00 target price on shares of Booking in a report on Monday, April 29th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $2,250.00 target price (up from $2,235.00) on shares of Booking in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the stock. Booking currently has a consensus rating of “Hold” and a consensus target price of $2,057.52.

About Booking

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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