Pendal Group Ltd boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 74.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 804 shares of the business services provider’s stock after acquiring an additional 342 shares during the period. Pendal Group Ltd’s holdings in Booking were worth $1,595,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in BKNG. Principal Financial Group Inc. acquired a new position in shares of Booking in the 1st quarter valued at $967,000. Fisher Asset Management LLC grew its holdings in shares of Booking by 41.4% in the 2nd quarter. Fisher Asset Management LLC now owns 1,462 shares of the business services provider’s stock valued at $2,964,000 after buying an additional 428 shares during the period. Raymond James Trust N.A. grew its holdings in shares of Booking by 5.0% in the 2nd quarter. Raymond James Trust N.A. now owns 627 shares of the business services provider’s stock valued at $1,271,000 after buying an additional 30 shares during the period. Peregrine Capital Management LLC acquired a new position in shares of Booking in the 2nd quarter valued at $12,428,000. Finally, Webster Bank N. A. acquired a new position in shares of Booking in the 2nd quarter valued at $126,000. 91.99% of the stock is owned by hedge funds and other institutional investors.
BKNG opened at $1,937.64 on Friday. The firm has a market capitalization of $92.57 billion, a P/E ratio of 25.15, a P/E/G ratio of 1.58 and a beta of 1.22. Booking Holdings Inc. has a 12 month low of $1,682.69 and a 12 month high of $2,228.99. 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 posted its quarterly earnings data on Monday, November 5th. The business services provider reported $37.78 EPS for the quarter, missing the consensus estimate of $38.37 by ($0.59). The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.81 billion. Booking had a net margin of 19.81% and a return on equity of 26.87%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $34.43 earnings per share. As a group, equities analysts forecast that Booking Holdings Inc. will post 89.68 EPS for the current year.
In other Booking news, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction dated 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 legal filing with the SEC, which is available through the SEC website. Insiders own 0.24% of the company’s stock.
Several equities analysts have recently issued reports on BKNG shares. Raymond James reissued an “outperform” rating and issued a $2,160.00 price target (up previously from $1,970.00) on shares of Booking in a report on Tuesday. UBS Group raised shares of Booking from a “neutral” rating to a “buy” rating and boosted their price target for the company from $2,060.00 to $2,320.00 in a report on Friday, August 10th. Mizuho decreased their price target on shares of Booking to $2,400.00 and set a “buy” rating for the company in a report on Friday, August 10th. ValuEngine raised shares of Booking from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Finally, Wedbush set a $2,500.00 price target on shares of Booking and gave the company a “buy” rating in a report on Tuesday. Thirteen investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $2,155.87.
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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