Rainier Group Investment Advisory LLC Buys Shares of 82 Booking Holdings Inc. (BKNG)

Rainier Group Investment Advisory LLC bought a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 82 shares of the business services provider’s stock, valued at approximately $171,000.

A number of other institutional investors have also recently added to or reduced their stakes in BKNG. BlackRock Inc. purchased a new stake in Booking during the 1st quarter valued at approximately $6,448,282,000. Edgewood Management LLC purchased a new stake in Booking during the 1st quarter valued at approximately $1,378,227,000. Northern Trust Corp purchased a new stake in Booking during the 1st quarter valued at approximately $1,158,506,000. Massachusetts Financial Services Co. MA purchased a new stake in Booking during the 1st quarter valued at approximately $612,539,000. Finally, Polen Capital Management LLC purchased a new stake in Booking during the 1st quarter valued at approximately $474,368,000. 90.65% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on BKNG shares. Wells Fargo & Co reaffirmed a “hold” rating and set a $1,850.00 price objective on shares of Booking in a report on Wednesday, February 21st. Deutsche Bank reaffirmed a “hold” rating and set a $2,045.00 price objective on shares of Booking in a report on Thursday, February 22nd. SunTrust Banks reaffirmed a “buy” rating on shares of Booking in a report on Monday, February 26th. Vetr raised shares of Booking from a “sell” rating to a “strong-buy” rating and set a $2,148.74 price objective for the company in a report on Tuesday, February 27th. Finally, Piper Jaffray Companies increased their price objective on shares of Booking to $2,100.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Nine investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Booking currently has a consensus rating of “Buy” and a consensus price target of $2,172.07.

In related news, CEO Gillian Tans sold 295 shares of the firm’s stock in a transaction on Monday, April 16th. The stock was sold at an average price of $2,094.11, for a total value of $617,762.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is owned by company insiders.

BKNG traded up $14.62 during trading on Thursday, reaching $2,120.98. The company had a trading volume of 3,366 shares, compared to its average volume of 438,091. The company has a market cap of $102.34 billion, a PE ratio of 27.56, a P/E/G ratio of 1.64 and a beta of 1.21. Booking Holdings Inc. has a 52 week low of $1,630.56 and a 52 week high of $2,228.99. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.87.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Wednesday, May 9th. The business services provider reported $12.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.68 by $1.32. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.87 billion. Booking had a return on equity of 22.03% and a net margin of 18.90%. Booking’s revenue was up 21.0% on a year-over-year basis. During the same period last year, the company earned $9.88 earnings per share. research analysts anticipate that Booking Holdings Inc. will post 88.84 earnings per share for the current fiscal 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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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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