Wealth Enhancement Advisory Services LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 51.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 397 shares of the business services provider’s stock after selling 414 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Booking were worth $696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in BKNG. Morgan Stanley grew its position in Booking by 30.9% during the second quarter. Morgan Stanley now owns 993,158 shares of the business services provider’s stock valued at $2,013,218,000 after acquiring an additional 234,246 shares during the last quarter. FMR LLC grew its position in Booking by 14.6% during the second quarter. FMR LLC now owns 1,428,678 shares of the business services provider’s stock valued at $2,896,058,000 after acquiring an additional 181,931 shares during the last quarter. Egerton Capital UK LLP bought a new position in Booking during the second quarter valued at approximately $335,358,000. Jennison Associates LLC grew its position in Booking by 25.4% during the second quarter. Jennison Associates LLC now owns 589,299 shares of the business services provider’s stock valued at $1,194,562,000 after acquiring an additional 119,238 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in Booking during the first quarter valued at approximately $239,390,000. 91.99% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have commented on BKNG. Benchmark reiterated a “hold” rating on shares of Booking in a research report on Thursday, August 9th. Bank of America increased their price target on shares of Booking from $2,150.00 to $2,300.00 and gave the company a “buy” rating in a research report on Tuesday. Wedbush set a $2,500.00 target price on shares of Booking and gave the stock a “buy” rating in a report on Tuesday. DA Davidson set a $2,000.00 target price on shares of Booking and gave the stock a “hold” rating in a report on Tuesday. Finally, Royal Bank of Canada raised their target price on shares of Booking to $2,425.00 and gave the stock an “outperform” rating in a report on Tuesday. Fourteen equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $2,151.80.
NASDAQ:BKNG opened at $1,979.08 on Wednesday. The firm has a market capitalization of $89.01 billion, a P/E ratio of 25.69, a P/E/G ratio of 1.48 and a beta of 1.22. Booking Holdings Inc. has a twelve month low of $1,630.56 and a twelve month 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 results 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 company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.81 billion. Booking had a net margin of 20.07% and a return on equity of 24.74%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $34.43 EPS. As a group, 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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