Bridges Investment Management Inc. raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,742 shares of the business services provider’s stock after acquiring an additional 143 shares during the quarter. Booking comprises approximately 1.0% of Bridges Investment Management Inc.’s holdings, making the stock its 27th largest position. Bridges Investment Management Inc.’s holdings in Booking were worth $21,775,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Alps Advisors Inc. bought a new position in shares of Booking in the first quarter valued at approximately $381,000. State of Wisconsin Investment Board bought a new position in shares of Booking in the first quarter valued at approximately $121,863,000. Zweig DiMenna Associates LLC bought a new position in shares of Booking in the first quarter valued at approximately $3,245,000. Thornburg Investment Management Inc. bought a new position in shares of Booking in the first quarter valued at approximately $35,475,000. Finally, Comerica Securities Inc. bought a new position in shares of Booking in the first quarter valued at approximately $1,390,000. Hedge funds and other institutional investors own 93.04% of the company’s stock.
In other Booking news, CEO Gillian Tans sold 295 shares of Booking stock in a transaction on Monday, July 16th. The shares were sold at an average price of $2,030.98, for a total transaction of $599,139.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.24% of the stock is owned by insiders.
BKNG opened at $1,882.61 on Friday. Booking Holdings Inc. has a fifty-two week low of $1,630.56 and a fifty-two week high of $2,228.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market cap of $89.29 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 1.49 and a beta of 1.27.
Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, August 9th. The business services provider reported $20.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $17.34 by $3.33. Booking had a net margin of 20.07% and a return on equity of 24.74%. The firm had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the previous year, the company earned $24.39 earnings per share. The business’s revenue was up 16.9% compared to the same quarter last year. sell-side analysts anticipate that Booking Holdings Inc. will post 89.26 EPS for the current fiscal year.
A number of equities analysts recently issued reports on BKNG shares. UBS Group raised shares of Booking from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $2,060.00 to $2,320.00 in a research report on Friday, August 10th. Mizuho dropped their target price on shares of Booking to $2,400.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. ValuEngine lowered shares of Booking from a “buy” rating to a “hold” rating in a research report on Friday, May 18th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $2,100.00 target price on shares of Booking in a research report on Thursday, August 9th. Finally, Zacks Investment Research raised shares of Booking from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Thirteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $2,154.45.
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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