Los Angeles Capital Management & Equity Research Inc. lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 18.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,265 shares of the business services provider’s stock after selling 9,144 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Booking were worth $77,902,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Investment House LLC lifted its holdings in Booking by 1.2% in the 3rd quarter. Investment House LLC now owns 5,396 shares of the business services provider’s stock worth $10,706,000 after buying an additional 64 shares in the last quarter. Sentry Investment Management LLC lifted its holdings in Booking by 28.5% in the 2nd quarter. Sentry Investment Management LLC now owns 4,641 shares of the business services provider’s stock worth $9,408,000 after buying an additional 1,030 shares in the last quarter. Baltimore Washington Financial Advisors Inc. lifted its holdings in Booking by 0.9% in the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 4,364 shares of the business services provider’s stock worth $8,846,000 after buying an additional 37 shares in the last quarter. Andra AP fonden lifted its holdings in Booking by 57.1% in the 2nd quarter. Andra AP fonden now owns 1,100 shares of the business services provider’s stock worth $2,230,000 after buying an additional 400 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC lifted its holdings in Booking by 2.5% in the 2nd quarter. Douglass Winthrop Advisors LLC now owns 16,162 shares of the business services provider’s stock worth $32,762,000 after buying an additional 401 shares in the last quarter. Hedge funds and other institutional investors own 91.99% of the company’s stock.
BKNG has been the topic of a number of recent analyst reports. Barclays boosted their price objective on shares of Booking to $2,270.00 in a report on Thursday, September 27th. They noted that the move was a valuation call. Credit Suisse Group reiterated a “buy” rating and issued a $2,100.00 price objective (down previously from $2,250.00) on shares of Booking in a report on Friday, August 10th. Mizuho cut their target price on shares of Booking to $2,400.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. UBS Group upgraded shares of Booking from a “neutral” rating to a “buy” rating and upped their target price for the company from $2,060.00 to $2,320.00 in a research note on Friday, August 10th. Finally, SunTrust Banks restated a “buy” rating and issued a $2,300.00 target price on shares of Booking in a research note on Tuesday, July 10th. Fourteen investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $2,151.80.
BKNG opened at $1,949.46 on Wednesday. The stock has a market cap of $89.01 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 1.48 and a beta of 1.22. Booking Holdings Inc. has a fifty-two week low of $1,630.56 and a fifty-two week high of $2,228.99. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.86.
Booking (NASDAQ:BKNG) last released its quarterly earnings data on Monday, November 5th. The business services provider reported $37.78 earnings per share for the quarter, missing the consensus estimate of $38.37 by ($0.59). The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.81 billion. Booking had a return on equity of 24.74% and a net margin of 20.07%. Booking’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $34.43 EPS. Sell-side analysts predict that Booking Holdings Inc. will post 89.45 earnings per share for the current fiscal year.
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Booking Company 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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