Galibier Capital Management Ltd. raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 29.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,112 shares of the business services provider’s stock after purchasing an additional 254 shares during the quarter. Booking accounts for about 0.9% of Galibier Capital Management Ltd.’s portfolio, making the stock its 21st biggest position. Galibier Capital Management Ltd.’s holdings in Booking were worth $2,085,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Booking by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 137,675 shares of the business services provider’s stock worth $237,138,000 after buying an additional 2,878 shares during the period. USS Investment Management Ltd acquired a new stake in Booking during the 1st quarter worth about $157,206,000. First Manhattan Co. raised its holdings in Booking by 187.7% during the 1st quarter. First Manhattan Co. now owns 164 shares of the business services provider’s stock worth $286,000 after buying an additional 107 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Booking during the 1st quarter valued at about $113,000. Finally, Pennsylvania Trust Co grew its stake in Booking by 28.8% during the 1st quarter. Pennsylvania Trust Co now owns 3,134 shares of the business services provider’s stock valued at $5,468,000 after acquiring an additional 700 shares in the last quarter. 94.69% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the company. Morgan Stanley lifted their target price on Booking from $2,050.00 to $2,100.00 and gave the company an “equal weight” rating in a research note on Thursday, August 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $1,995.00 target price on shares of Booking in a research note on Monday, April 29th. Cleveland Research assumed coverage on Booking in a research note on Wednesday, June 19th. They set a “neutral” rating on the stock. Credit Suisse Group reaffirmed an “outperform” rating and set a $2,250.00 target price (up previously from $2,235.00) on shares of Booking in a research note on Friday, May 10th. Finally, Citigroup raised Booking from a “neutral” rating to a “buy” rating and lowered their target price for the company from $1,800.00 to $1,745.02 in a research note on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $2,066.00.
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. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Booking had a return on equity of 56.70% and a net margin of 28.19%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $20.13 EPS. As a group, analysts expect that Booking Holdings Inc. will post 101.69 EPS for the current fiscal year.
In other Booking news, CEO Gillian Tans sold 606 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $1,791.14, for a total transaction of $1,085,430.84. The sale was disclosed in a legal filing 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 Wednesday, June 5th. The stock was sold at an average price of $1,755.75, for a total value of $438,937.50. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.
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.
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