Bank of Montreal Can lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 9.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,255 shares of the business services provider’s stock after selling 8,242 shares during the quarter. Bank of Montreal Can owned 0.16% of Booking worth $151,289,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Bellecapital International Ltd. boosted its position in Booking by 136.8% during the 3rd quarter. Bellecapital International Ltd. now owns 270 shares of the business services provider’s stock worth $536,000 after acquiring an additional 156 shares during the last quarter. Douglass Winthrop Advisors LLC raised its stake in shares of Booking by 3.0% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 16,640 shares of the business services provider’s stock worth $33,014,000 after purchasing an additional 478 shares in the last quarter. Rathbone Brothers plc raised its stake in shares of Booking by 0.8% during the 3rd quarter. Rathbone Brothers plc now owns 13,268 shares of the business services provider’s stock worth $26,324,000 after purchasing an additional 102 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of Booking during the 3rd quarter worth approximately $109,000. Finally, Swedbank raised its stake in shares of Booking by 17.0% during the 3rd quarter. Swedbank now owns 216,852 shares of the business services provider’s stock worth $430,234,000 after purchasing an additional 31,550 shares in the last quarter. 92.82% of the stock is owned by hedge funds and other institutional investors.
BKNG opened at $1,807.17 on Friday. Booking Holdings Inc. has a 1-year low of $1,630.56 and a 1-year high of $2,228.99. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $94.18 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25.
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, beating analysts’ consensus estimates of $17.34 by $3.33. Booking had a return on equity of 24.74% and a net margin of 20.07%. The business had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter in the prior year, the business earned $24.39 EPS. The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. As a group, equities analysts expect that Booking Holdings Inc. will post 89.26 earnings per share for the current year.
A number of brokerages have recently issued reports on BKNG. Benchmark reiterated a “hold” rating on shares of Booking in a research note on Thursday, August 9th. Stifel Nicolaus cut Booking from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. DA Davidson set a $1,990.00 price objective on Booking and gave the stock a “hold” rating in a research note on Friday, August 10th. ValuEngine upgraded Booking from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Finally, SunTrust Banks reiterated a “buy” rating and set a $2,300.00 price objective on shares of Booking in a research note on Thursday, August 9th. Thirteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $2,155.08.
In other Booking news, CEO Gillian Tans sold 295 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $1,917.94, for a total transaction of $565,792.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.24% of the stock is owned by company insiders.
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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