Fulton Bank N. A. lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 34.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 732 shares of the business services provider’s stock after selling 380 shares during the quarter. Fulton Bank N. A.’s holdings in Booking were worth $1,252,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BKNG. Creative Financial Designs Inc. ADV bought a new position in shares of Booking in the 2nd quarter worth approximately $25,000. Farmers & Merchants Investments Inc. bought a new position in shares of Booking in the 2nd quarter worth approximately $35,000. Jacobi Capital Management LLC raised its position in shares of Booking by 42.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 27 shares of the business services provider’s stock worth $43,000 after acquiring an additional 8 shares in the last quarter. Rockbridge Investment Management LCC bought a new position in shares of Booking in the 2nd quarter worth approximately $43,000. Finally, CX Institutional raised its position in shares of Booking by 75.0% in the 2nd quarter. CX Institutional now owns 28 shares of the business services provider’s stock worth $45,000 after acquiring an additional 12 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.
Several research analysts have recently issued reports on the company. Goldman Sachs Group increased their target price on Booking from $1,200.00 to $1,500.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. They noted that the move was a valuation call. BidaskClub lowered Booking from a “hold” rating to a “sell” rating in a research report on Wednesday, September 16th. Citigroup increased their target price on Booking from $1,900.00 to $2,050.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Mizuho raised their price objective on Booking from $1,700.00 to $2,020.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $1,600.00 price objective (up previously from $1,300.00) on shares of Booking in a research report on Wednesday, July 29th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $1,806.52.
BKNG stock opened at $1,709.71 on Wednesday. The company has a market cap of $69.89 billion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 5.27 and a beta of 1.16. Booking Holdings Inc. has a 1 year low of $1,107.29 and a 1 year high of $2,094.00. The company has a debt-to-equity ratio of 2.89, a current ratio of 2.93 and a quick ratio of 2.93. The stock’s fifty day moving average price is $1,793.08 and its 200-day moving average price is $1,616.12.
Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported ($10.81) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($11.87) by $1.06. The firm had revenue of $630.00 million for 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 revenue for the quarter was down 83.6% on a year-over-year basis. During the same period last year, the business posted $23.59 EPS. As a group, analysts expect that Booking Holdings Inc. will post 19.72 earnings per share for the current year.
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.
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