Robeco Institutional Asset Management B.V. boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 13.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,917 shares of the business services provider’s stock after purchasing an additional 6,243 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.11% of Booking worth $104,988,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in BKNG. Morgan Stanley grew its position in Booking by 30.9% during the 2nd quarter. Morgan Stanley now owns 993,158 shares of the business services provider’s stock worth $2,013,218,000 after purchasing an additional 234,246 shares during the last quarter. FMR LLC grew its position in Booking by 14.6% during the 2nd quarter. FMR LLC now owns 1,428,678 shares of the business services provider’s stock worth $2,896,058,000 after purchasing an additional 181,931 shares during the last quarter. Egerton Capital UK LLP purchased a new stake in Booking during the 2nd quarter worth approximately $335,358,000. Jennison Associates LLC grew its position in Booking by 25.4% during the 2nd quarter. Jennison Associates LLC now owns 589,299 shares of the business services provider’s stock worth $1,194,562,000 after purchasing an additional 119,238 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Booking in the 1st quarter valued at $239,390,000. 91.99% of the stock is currently owned by institutional investors.
In related news, CEO Gillian Tans sold 295 shares of the stock in a transaction on Monday, October 15th. The shares were sold at an average price of $1,803.58, for a total transaction of $532,056.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.24% of the company’s stock.
Several analysts have recently commented on the stock. DA Davidson set a $1,990.00 price objective on shares of Booking and gave the company a “hold” rating in a report on Friday, August 10th. Bank of America upped their price objective on shares of Booking from $2,150.00 to $2,300.00 and gave the company a “buy” rating in a report on Tuesday. Stifel Nicolaus downgraded shares of Booking from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $2,240.00 price objective (up from $2,100.00) on shares of Booking in a report on Tuesday. Finally, Jefferies Financial Group downgraded shares of Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 price objective on the stock. in a report on Friday, August 10th. Thirteen research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $2,155.87.
Shares of NASDAQ BKNG opened at $1,937.64 on Friday. Booking Holdings Inc. has a 1 year low of $1,682.69 and a 1 year high of $2,228.99. The firm has a market cap of $92.57 billion, a P/E ratio of 25.15, a PEG ratio of 1.58 and a beta of 1.22. The company has a current ratio of 2.41, a quick ratio of 1.92 and a debt-to-equity ratio of 0.99.
Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Monday, November 5th. The business services provider reported $37.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $38.37 by ($0.59). Booking had a return on equity of 26.87% and a net margin of 19.81%. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same period last year, the company posted $34.43 earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis. On average, research analysts anticipate that Booking Holdings Inc. will post 89.68 EPS for the current year.
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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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