Clarius Group LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 11.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 334 shares of the business services provider’s stock after buying an additional 34 shares during the period. Clarius Group LLC’s holdings in Booking were worth $571,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of BKNG. Creative Financial Designs Inc. ADV purchased a new position in shares of Booking in the second quarter worth about $25,000. Farmers & Merchants Investments Inc. bought a new position in shares of Booking in the second quarter valued at approximately $35,000. Jacobi Capital Management LLC boosted its position in shares of Booking by 42.1% in the second quarter. Jacobi Capital Management LLC now owns 27 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 8 shares during the period. Rockbridge Investment Management LCC bought a new position in shares of Booking in the second quarter valued at approximately $43,000. Finally, CX Institutional boosted its position in shares of Booking by 75.0% in the second quarter. CX Institutional now owns 28 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 12 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.
A number of equities analysts have recently commented on the stock. Mizuho raised their price objective on shares of Booking from $1,700.00 to $2,020.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Morgan Stanley restated an “equal weight” rating on shares of Booking in a report on Friday, August 7th. Credit Suisse Group lifted their target price on shares of Booking from $2,060.00 to $2,150.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Needham & Company LLC reissued a “buy” rating and set a $2,000.00 price objective (up from $1,750.00) on shares of Booking in a research report on Friday, August 7th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $1,950.00 target price (up from $1,850.00) on shares of Booking in a research report on Friday, September 11th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $1,806.52.
Booking stock opened at $1,817.89 on Friday. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 2.89. Booking Holdings Inc. has a 12-month low of $1,107.29 and a 12-month high of $2,094.00. The firm has a 50 day moving average of $1,792.01 and a 200 day moving average of $1,624.39. The firm has a market capitalization of $74.44 billion, a price-to-earnings ratio of 30.68, a P/E/G ratio of 5.27 and a beta of 1.16.
Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, August 6th. The business services provider reported ($10.81) EPS for the quarter, beating analysts’ consensus estimates of ($11.87) by $1.06. The firm had revenue of $630.00 million during the quarter, compared to the consensus estimate of $592.94 million. Booking had a return on equity of 53.57% and a net margin of 22.52%. The company’s quarterly revenue was down 83.6% compared to the same quarter last year. During the same period in the prior year, the company earned $23.59 EPS. On average, analysts predict that Booking Holdings Inc. will post 19.72 EPS for the current 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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