Motley Fool Asset Management LLC increased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 23.0% in the 1st quarter, HoldingsChannel reports. The firm owned 732 shares of the business services provider’s stock after buying an additional 137 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Booking were worth $1,277,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in BKNG. Guidant Wealth Advisors bought a new stake in Booking during the first quarter valued at $26,000. Truvestments Capital LLC bought a new stake in Booking during the first quarter valued at $44,000. Horan Capital Advisors LLC. bought a new stake in Booking during the first quarter valued at $49,000. Hanson McClain Inc. boosted its stake in Booking by 1,650.0% during the first quarter. Hanson McClain Inc. now owns 35 shares of the business services provider’s stock valued at $61,000 after buying an additional 33 shares during the period. Finally, Next Capital Management LLC bought a new stake in Booking during the fourth quarter valued at $64,000. Institutional investors own 95.44% of the company’s stock.
In other Booking news, CEO Gillian Tans sold 321 shares of Booking stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $1,751.79, for a total transaction of $562,324.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey E. Epstein sold 250 shares of Booking stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $1,715.00, for a total value of $428,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 892 shares of company stock valued at $1,579,789. Corporate insiders own 0.24% of the company’s stock.
Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, May 9th. The business services provider reported $11.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $11.26 by ($0.09). Booking had a return on equity of 48.32% and a net margin of 28.79%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period last year, the firm earned $12.34 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities research analysts anticipate that Booking Holdings Inc. will post 101.06 earnings per share for the current fiscal year.
BKNG has been the subject of several research analyst reports. Ascendiant Capital Markets set a $2,000.00 price objective on Booking and gave the company a “buy” rating in a research note on Tuesday. Telsey Advisory Group lowered Booking from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $2,100.00 to $1,800.00 in a research note on Tuesday, March 19th. Wedbush lowered Booking from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $2,000.00 to $1,850.00 in a research note on Friday, March 22nd. ValuEngine lowered Booking from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. Finally, Morgan Stanley lifted their price objective on Booking from $1,900.00 to $1,950.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the company. Booking presently has an average rating of “Hold” and an average price target of $2,069.41.
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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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