Executive Wealth Management LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 13.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 848 shares of the business services provider’s stock after buying an additional 99 shares during the period. Executive Wealth Management LLC’s holdings in Booking were worth $1,590,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Stephens Inc. AR increased its holdings in Booking by 1.8% during the second quarter. Stephens Inc. AR now owns 3,678 shares of the business services provider’s stock worth $6,895,000 after buying an additional 66 shares during the last quarter. TRUE Private Wealth Advisors acquired a new position in shares of Booking in the second quarter valued at $50,000. Close Asset Management Ltd grew its stake in shares of Booking by 51.9% in the second quarter. Close Asset Management Ltd now owns 6,523 shares of the business services provider’s stock valued at $12,224,000 after acquiring an additional 2,229 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of Booking in the second quarter valued at about $240,420,000. Finally, Stanley Laman Group Ltd. grew its stake in shares of Booking by 0.7% in the second quarter. Stanley Laman Group Ltd. now owns 2,611 shares of the business services provider’s stock valued at $4,895,000 after acquiring an additional 17 shares in the last quarter. Institutional investors and hedge funds own 94.69% of the company’s stock.
Several research firms recently commented on BKNG. Mizuho restated a “buy” rating and issued a $2,150.00 price target (up from $2,050.00) on shares of Booking in a research note on Thursday, August 8th. Zacks Investment Research upgraded shares of Booking from a “sell” rating to a “hold” rating and set a $1,988.00 price target on the stock in a research note on Tuesday, July 23rd. Evercore ISI restated a “neutral” rating on shares of Booking in a research note on Sunday. Deutsche Bank upped their price target on shares of Booking from $2,175.00 to $2,275.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Booking from $1,930.00 to $2,125.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $2,066.00.
Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $23.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $22.80 by $0.79. Booking had a net margin of 28.19% and a return on equity of 56.70%. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the prior year, the business posted $20.13 earnings per share. Booking’s revenue was up 8.8% compared to the same quarter last year. Sell-side analysts anticipate that Booking Holdings Inc. will post 101.54 EPS for the current fiscal year.
In other news, CEO Gillian Tans sold 606 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $1,791.14, for a total value of $1,085,430.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey E. Epstein sold 250 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $1,755.75, for a total transaction of $438,937.50. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.
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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