Flossbach Von Storch AG Has $326.72 Million Holdings in Booking Holdings Inc. (BKNG)

Flossbach Von Storch AG raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 26.4% in the 3rd quarter, Holdings Channel reports. The fund owned 164,675 shares of the business services provider’s stock after acquiring an additional 34,425 shares during the period. Booking makes up 3.0% of Flossbach Von Storch AG’s investment portfolio, making the stock its 11th largest position. Flossbach Von Storch AG’s holdings in Booking were worth $326,715,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Jabodon PT Co. raised its holdings in Booking by 61.4% in the 3rd quarter. Jabodon PT Co. now owns 4,570 shares of the business services provider’s stock valued at $9,067,000 after acquiring an additional 1,739 shares during the last quarter. Psagot Investment House Ltd. raised its holdings in Booking by 1.2% in the 3rd quarter. Psagot Investment House Ltd. now owns 8,064 shares of the business services provider’s stock valued at $15,999,000 after acquiring an additional 98 shares during the last quarter. Icon Advisers Inc. Co. acquired a new position in Booking in the 3rd quarter valued at $794,000. First National Bank of Omaha raised its holdings in Booking by 12.6% in the 3rd quarter. First National Bank of Omaha now owns 6,560 shares of the business services provider’s stock valued at $13,015,000 after acquiring an additional 736 shares during the last quarter. Finally, Pendal Group Ltd raised its holdings in Booking by 74.0% in the 3rd quarter. Pendal Group Ltd now owns 804 shares of the business services provider’s stock valued at $1,595,000 after acquiring an additional 342 shares during the last quarter. Institutional investors own 91.99% of the company’s stock.

NASDAQ:BKNG opened at $1,998.17 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.41 and a quick ratio of 1.92. The stock has a market capitalization of $90.32 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 1.54 and a beta of 1.22. Booking Holdings Inc. has a 1-year low of $1,630.56 and a 1-year high of $2,228.99.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Monday, November 5th. The business services provider reported $37.78 earnings per share for the quarter, missing analysts’ consensus estimates of $38.37 by ($0.59). The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Booking had a net margin of 19.81% and a return on equity of 26.87%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $34.43 earnings per share. As a group, sell-side analysts expect that Booking Holdings Inc. will post 89.73 earnings per share for the current fiscal year.

In other Booking news, CEO Gillian Tans sold 295 shares of the company’s stock in a transaction dated Monday, October 15th. The shares were 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 hyperlink. Corporate insiders own 0.24% of the company’s stock.

Several brokerages recently issued reports on BKNG. Zacks Investment Research upgraded Booking from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Cowen set a $2,375.00 price target on Booking and gave the company a “buy” rating in a report on Saturday, August 11th. UBS Group upgraded Booking from a “neutral” rating to a “buy” rating and increased their price target for the company from $2,060.00 to $2,320.00 in a report on Friday, August 10th. Jefferies Financial Group downgraded Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 price target for the company. in a report on Friday, August 10th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $2,100.00 price target on shares of Booking in a report on Thursday, August 9th. Thirteen 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 company’s stock. Booking currently has a consensus rating of “Buy” and a consensus price target of $2,155.87.

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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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