Saturna Capital CORP lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 589 shares of the business services provider’s stock after buying an additional 22 shares during the quarter. Saturna Capital CORP’s holdings in Booking were worth $1,104,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Empirical Finance LLC purchased a new stake in shares of Booking during the second quarter worth approximately $212,000. Suncoast Equity Management increased its position in shares of Booking by 1.0% during the first quarter. Suncoast Equity Management now owns 13,337 shares of the business services provider’s stock worth $23,272,000 after purchasing an additional 126 shares in the last quarter. Investec Asset Management LTD increased its position in shares of Booking by 45.2% during the second quarter. Investec Asset Management LTD now owns 648,507 shares of the business services provider’s stock worth $946,177,000 after purchasing an additional 201,869 shares in the last quarter. Ascent Wealth Partners LLC purchased a new stake in shares of Booking during the second quarter worth approximately $210,000. Finally, Rational Advisors LLC increased its position in shares of Booking by 66.7% during the first quarter. Rational Advisors LLC now owns 1,839 shares of the business services provider’s stock worth $3,209,000 after purchasing an additional 736 shares in the last quarter. Hedge funds and other institutional investors own 94.69% of the company’s stock.
In related news, Director Jeffrey E. Epstein sold 250 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $1,755.75, for a total transaction of $438,937.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gillian Tans sold 606 shares of the stock in a transaction dated Wednesday, May 15th. The stock was 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. In the last ninety days, insiders sold 1,462 shares of company stock worth $2,602,200. Corporate insiders own 0.27% of the company’s stock.
Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $23.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $22.80 by $0.79. Booking had a return on equity of 56.70% and a net margin of 28.19%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the company posted $20.13 EPS. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Equities analysts predict that Booking Holdings Inc. will post 101.54 earnings per share for the current year.
BKNG has been the subject of several research reports. JPMorgan Chase & Co. boosted their price target on Booking from $1,930.00 to $2,125.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Piper Jaffray Companies restated a “neutral” rating and issued a $1,900.00 target price (up from $1,800.00) on shares of Booking in a report on Thursday, August 8th. Stifel Nicolaus restated a “hold” rating and issued a $1,995.00 target price on shares of Booking in a report on Monday, April 29th. Citigroup upgraded Booking from a “neutral” rating to a “buy” rating and dropped their target price for the company from $1,800.00 to $1,745.02 in a report on Thursday, May 23rd. Finally, ValuEngine cut Booking from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. One 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 has an average rating of “Hold” and an average price target of $2,066.00.
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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