Bp Plc Decreases Holdings in Booking Holdings Inc. (BKNG)

Bp Plc reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 18.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,900 shares of the business services provider’s stock after selling 1,100 shares during the quarter. Bp Plc’s holdings in Booking were worth $8,442,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BKNG. Dodge & Cox boosted its stake in Booking by 61.4% during the 3rd quarter. Dodge & Cox now owns 1,111,386 shares of the business services provider’s stock valued at $2,204,990,000 after purchasing an additional 423,004 shares in the last quarter. Capital International Investors boosted its stake in Booking by 108.7% during the 3rd quarter. Capital International Investors now owns 466,995 shares of the business services provider’s stock valued at $926,518,000 after purchasing an additional 243,261 shares in the last quarter. FMR LLC boosted its stake in Booking by 14.6% during the 2nd quarter. FMR LLC now owns 1,428,678 shares of the business services provider’s stock valued at $2,896,058,000 after purchasing an additional 181,931 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Booking by 29.8% during the 3rd quarter. Alliancebernstein L.P. now owns 641,864 shares of the business services provider’s stock valued at $1,273,458,000 after purchasing an additional 147,415 shares in the last quarter. Finally, Standard Life Aberdeen plc boosted its stake in Booking by 357.8% during 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 in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Shares of Booking stock opened at $1,919.97 on Thursday. The firm has a market capitalization of $87.81 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.99. Booking Holdings Inc. has a 12 month low of $1,606.27 and a 12 month high of $2,228.99.

In other news, CEO Gillian Tans sold 294 shares of the firm’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $1,796.66, for a total value of $528,218.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.

A number of brokerages have issued reports on BKNG. Zacks Investment Research raised Booking from a “hold” rating to a “buy” rating and set a $1,917.00 price target for the company in a research note on Tuesday, January 8th. DA Davidson set a $2,000.00 price target on Booking and gave the company a “hold” rating in a research note on Tuesday, November 6th. Wedbush set a $2,500.00 price target on Booking and gave the company a “buy” rating in a research note on Tuesday, November 6th. Royal Bank of Canada increased their price target on Booking to $2,425.00 and gave the company an “outperform” rating in a research note on Tuesday, November 6th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $2,240.00 price target (up from $2,100.00) on shares of Booking in a research note on Tuesday, November 6th. Eleven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $2,155.39.

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Booking 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.

Further Reading: What is the return on assets (ROA) ratio?

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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