Rockbridge Investment Management LCC purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 27 shares of the business services provider’s stock, valued at approximately $43,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FIL Ltd increased its position in shares of Booking by 419.7% during the second quarter. FIL Ltd now owns 323,274 shares of the business services provider’s stock worth $514,763,000 after purchasing an additional 261,075 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Booking by 895.3% during the first quarter. Franklin Resources Inc. now owns 260,499 shares of the business services provider’s stock worth $350,442,000 after buying an additional 234,327 shares during the last quarter. Capital World Investors grew its holdings in shares of Booking by 628.0% during the first quarter. Capital World Investors now owns 215,570 shares of the business services provider’s stock worth $290,011,000 after buying an additional 185,959 shares during the last quarter. Par Capital Management Inc. grew its holdings in shares of Booking by 103.6% during the first quarter. Par Capital Management Inc. now owns 321,444 shares of the business services provider’s stock worth $432,445,000 after buying an additional 163,580 shares during the last quarter. Finally, Fiduciary Management Inc. WI grew its holdings in shares of Booking by 71.6% during the first quarter. Fiduciary Management Inc. WI now owns 378,541 shares of the business services provider’s stock worth $509,259,000 after buying an additional 157,950 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.
Shares of BKNG stock traded up $33.19 on Wednesday, reaching $1,820.19. 5,456 shares of the stock were exchanged, compared to its average volume of 327,297. The stock has a market cap of $73.18 billion, a P/E ratio of 30.16, a price-to-earnings-growth ratio of 7.04 and a beta of 1.12. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 2.89. The firm has a 50 day moving average of $1,803.53 and a two-hundred day moving average of $1,600.88. Booking Holdings Inc. has a 1-year low of $1,107.29 and a 1-year high of $2,094.00.
Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported ($10.81) EPS for the quarter, topping analysts’ consensus estimates of ($11.87) by $1.06. The business 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 business’s revenue for the quarter was down 83.6% on a year-over-year basis. During the same period in the prior year, the firm posted $23.59 EPS. On average, equities research analysts predict that Booking Holdings Inc. will post 21.73 EPS for the current fiscal year.
A number of equities analysts recently issued reports on BKNG shares. UBS Group reissued a “neutral” rating and set a $1,950.00 price target (up previously from $1,850.00) on shares of Booking in a report on Friday, September 11th. Citigroup raised their price target on Booking from $1,900.00 to $2,050.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $2,000.00 price objective on shares of Booking in a report on Monday, August 10th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Booking in a report on Friday, August 7th. Finally, BTIG Research began coverage on Booking in a report on Wednesday, June 10th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twelve have given a buy rating to the company. Booking has a consensus rating of “Hold” and an average target price of $1,806.52.
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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