Zevin Asset Management LLC lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,629 shares of the business services provider’s stock after buying an additional 103 shares during the quarter. Booking comprises 2.3% of Zevin Asset Management LLC’s holdings, making the stock its 17th biggest position. Zevin Asset Management LLC’s holdings in Booking were worth $7,122,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of BKNG. Gradient Investments LLC bought a new position in shares of Booking in the third quarter worth $29,000. FNY Investment Advisers LLC bought a new position in shares of Booking in the third quarter worth $29,000. Delta Asset Management LLC TN increased its position in shares of Booking by 50.0% in the third quarter. Delta Asset Management LLC TN now owns 15 shares of the business services provider’s stock worth $29,000 after purchasing an additional 5 shares during the period. Squar Milner Financial Services LLC increased its position in shares of Booking by 100.0% in the third quarter. Squar Milner Financial Services LLC now owns 16 shares of the business services provider’s stock worth $31,000 after purchasing an additional 8 shares during the period. Finally, Financial Advantage Inc. bought a new position in shares of Booking in the third quarter worth $39,000. 92.36% of the stock is owned by institutional investors.
BKNG has been the topic of a number of recent analyst reports. ValuEngine cut Booking from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. decreased their target price on Booking from $2,125.00 to $2,100.00 and set a “neutral” rating on the stock in a research report on Friday. Wells Fargo & Co cut Booking from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $2,000.00 to $2,150.00 in a research report on Thursday, September 26th. SunTrust Banks lifted their target price on Booking to $2,240.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Raymond James cut Booking from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $2,114.40.
Shares of BKNG stock traded up $29.26 during mid-day trading on Friday, reaching $1,879.19. 1,033,700 shares of the stock traded hands, compared to its average volume of 401,935. The company has a market cap of $86.10 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 1.52 and a beta of 1.12. Booking Holdings Inc. has a 1-year low of $1,606.27 and a 1-year high of $2,081.81. The stock’s fifty day simple moving average is $1,998.42 and its two-hundred day simple moving average is $1,899.20. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.74.
Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, November 7th. The business services provider reported $45.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $44.87 by $0.49. The firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $5.07 billion. Booking had a return on equity of 56.70% and a net margin of 28.19%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $37.78 earnings per share. On average, equities research analysts anticipate that Booking Holdings Inc. will post 101.98 EPS for the current fiscal year.
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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