Altshuler Shaham Ltd reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 48.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 988 shares of the business services provider’s stock after selling 916 shares during the quarter. Altshuler Shaham Ltd’s holdings in Booking were worth $1,960,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. MUFG Securities EMEA plc purchased a new stake in shares of Booking in the second quarter valued at approximately $109,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Booking in the third quarter valued at approximately $109,000. Harvest Fund Management Co. Ltd increased its position in shares of Booking by 86.7% in the second quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock valued at $114,000 after buying an additional 26 shares in the last quarter. First Manhattan Co. increased its position in shares of Booking by 90.0% in the second quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock valued at $115,000 after buying an additional 27 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in shares of Booking in the second quarter valued at approximately $134,000. Institutional investors and hedge funds own 93.39% of the company’s stock.
A number of analysts have recently commented on BKNG shares. Raymond James restated an “outperform” rating and issued a $2,160.00 price objective (up from $1,970.00) on shares of Booking in a research report on Tuesday, November 6th. UBS Group raised Booking from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $2,060.00 to $2,320.00 in a research note on Friday, August 10th. Mizuho lowered their price target on Booking to $2,400.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. ValuEngine raised Booking from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Finally, Wedbush set a $2,500.00 price target on Booking and gave the stock a “buy” rating in a research note on Tuesday, November 6th. Eleven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Booking presently has a consensus rating of “Buy” and an average price target of $2,159.87.
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 Zacks’ consensus estimate of $38.37 by ($0.59). The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.81 billion. Booking had a return on equity of 26.87% and a net margin of 19.81%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $34.43 EPS. Equities analysts anticipate that Booking Holdings Inc. will post 89.57 EPS for the current year.
In other Booking news, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $1,803.58, for a total transaction of $532,056.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 883 shares of company stock worth $1,646,347 in the last three months. 0.24% of the stock is currently owned by corporate insiders.
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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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