Booking Holdings Inc. (BKNG) Stake Lowered by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 6.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,000 shares of the business services provider’s stock after selling 1,052 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Booking were worth $31,744,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BKNG. FMR LLC grew its stake in shares of Booking by 14.6% in the second quarter. FMR LLC now owns 1,428,678 shares of the business services provider’s stock worth $2,896,058,000 after acquiring an additional 181,931 shares during the last quarter. Morgan Stanley boosted its stake in Booking by 30.9% during the second quarter. Morgan Stanley now owns 993,158 shares of the business services provider’s stock worth $2,013,218,000 after buying an additional 234,246 shares in the last quarter. Edgewood Management LLC boosted its stake in Booking by 2.6% during the second quarter. Edgewood Management LLC now owns 679,589 shares of the business services provider’s stock worth $1,377,588,000 after buying an additional 17,104 shares in the last quarter. Jennison Associates LLC boosted its stake in Booking by 25.4% during the second quarter. Jennison Associates LLC now owns 589,299 shares of the business services provider’s stock worth $1,194,562,000 after buying an additional 119,238 shares in the last quarter. Finally, Investec Asset Management LTD boosted its stake in Booking by 3.2% during the second quarter. Investec Asset Management LTD now owns 318,733 shares of the business services provider’s stock worth $646,100,000 after buying an additional 9,858 shares in the last quarter. 91.99% of the stock is currently owned by institutional investors.

Shares of NASDAQ:BKNG traded up $37.07 on Wednesday, hitting $1,986.53. The stock had a trading volume of 35,275 shares, compared to its average volume of 428,801. 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 debt-to-equity ratio of 0.86, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market capitalization of $89.01 billion, a PE ratio of 25.79, a P/E/G ratio of 1.48 and a beta of 1.22.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Monday, November 5th. The business services provider reported $37.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $38.37 by ($0.59). Booking had a net margin of 20.07% and a return on equity of 24.74%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the prior year, the firm earned $34.43 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts forecast that Booking Holdings Inc. will post 89.45 EPS for the current year.

In related news, CEO Gillian Tans sold 295 shares of Booking stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $1,803.58, for a total value of $532,056.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.24% of the company’s stock.

A number of equities research analysts have weighed in on the stock. DA Davidson set a $2,000.00 price target on shares of Booking and gave the stock a “hold” rating in a research note on Tuesday. Raymond James reiterated an “outperform” rating and set a $2,160.00 price target (up previously from $1,970.00) on shares of Booking in a research note on Tuesday. Wedbush set a $2,500.00 price target on shares of Booking and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank of Canada lifted their price target on shares of Booking to $2,425.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $2,240.00 price target (up previously from $2,100.00) on shares of Booking in a research note on Tuesday. Fourteen analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $2,151.80.

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About Booking

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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