Altarock Partners LLC grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 16.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 120,083 shares of the business services provider’s stock after buying an additional 16,600 shares during the quarter. Booking makes up about 21.9% of Altarock Partners LLC’s investment portfolio, making the stock its 2nd largest holding. Altarock Partners LLC owned approximately 0.26% of Booking worth $238,245,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BKNG. Eaton Vance Management lifted its stake in shares of Booking by 8.0% in the 3rd quarter. Eaton Vance Management now owns 80,044 shares of the business services provider’s stock valued at $158,808,000 after purchasing an additional 5,940 shares during the period. United Services Automobile Association lifted its stake in shares of Booking by 0.4% in the 3rd quarter. United Services Automobile Association now owns 41,505 shares of the business services provider’s stock valued at $82,346,000 after purchasing an additional 174 shares during the period. Standard Life Aberdeen plc lifted its stake in shares of Booking by 357.8% in the 3rd quarter. Standard Life Aberdeen plc now owns 183,376 shares of the business services provider’s stock valued at $364,230,000 after purchasing an additional 143,321 shares during the period. Timucuan Asset Management Inc. FL lifted its stake in shares of Booking by 3.6% in the 3rd quarter. Timucuan Asset Management Inc. FL now owns 79,524 shares of the business services provider’s stock valued at $157,776,000 after purchasing an additional 2,785 shares during the period. Finally, Compagnie Lombard Odier SCmA lifted its stake in shares of Booking by 0.8% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 6,705 shares of the business services provider’s stock valued at $13,305,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.
BKNG has been the subject of a number of research analyst reports. Cowen set a $2,375.00 target price on Booking and gave the company a “buy” rating in a research note on Saturday, August 11th. Zacks Investment Research upgraded Booking from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. UBS Group upgraded Booking from a “neutral” rating to a “buy” rating and raised their target price for the company from $2,060.00 to $2,320.00 in a research note on Friday, August 10th. Jefferies Financial Group cut Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 target price for the company. in a research note on Friday, August 10th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $2,100.00 price objective on shares of Booking in a research note on Thursday, August 9th. Eleven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Booking presently has a consensus rating of “Buy” and a consensus price target of $2,157.57.
In other Booking news, CEO Gillian Tans sold 293 shares of Booking stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,872.01, for a total value of $548,498.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 883 shares of company stock valued at $1,646,347. Corporate insiders own 0.24% of the company’s stock.
Shares of NASDAQ:BKNG opened at $1,865.15 on Friday. The firm has a market cap of $84.53 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 1.44 and a beta of 1.22. Booking Holdings Inc. has a 12-month low of $1,690.34 and a 12-month high of $2,228.99. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.41 and a quick ratio of 2.41.
Booking (NASDAQ:BKNG) last posted its earnings results on Monday, November 5th. The business services provider reported $37.78 EPS for the quarter, missing the Zacks’ consensus estimate of $38.37 by ($0.59). The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.81 billion. Booking had a return on equity of 26.87% and a net margin of 19.81%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $34.43 EPS. As a group, research analysts anticipate that Booking Holdings Inc. will post 89.57 EPS for the current year.
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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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