Regent Investment Management LLC cut its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,072 shares of the business services provider’s stock after selling 54 shares during the period. Booking accounts for about 1.3% of Regent Investment Management LLC’s portfolio, making the stock its 18th largest position. Regent Investment Management LLC’s holdings in Booking were worth $4,067,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in BKNG. Thoroughbred Financial Services LLC boosted its stake in Booking by 197,303.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 596,157 shares of the business services provider’s stock worth $59,616,000 after purchasing an additional 595,855 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Booking by 2,043.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 246,130 shares of the business services provider’s stock worth $461,422,000 after purchasing an additional 234,648 shares in the last quarter. Investec Asset Management LTD raised its position in Booking by 45.2% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the business services provider’s stock worth $946,177,000 after buying an additional 201,869 shares during the last quarter. Fiduciary Management Inc. WI purchased a new position in Booking during the 2nd quarter worth approximately $277,285,000. Finally, Diamond Hill Capital Management Inc. purchased a new position in Booking during the 2nd quarter worth approximately $240,420,000. Institutional investors own 92.32% of the company’s stock.
A number of equities analysts have issued reports on the stock. SunTrust Banks reissued a “buy” rating and set a $2,150.00 price target on shares of Booking in a research report on Thursday, July 18th. JPMorgan Chase & Co. raised their price target on shares of Booking from $1,930.00 to $2,125.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Zacks Investment Research lowered shares of Booking from a “buy” rating to a “hold” rating and set a $2,153.00 price target for the company. in a research report on Thursday, September 12th. Mizuho reissued a “buy” rating and set a $2,150.00 price target (up from $2,050.00) on shares of Booking in a research report on Thursday, August 8th. Finally, Wells Fargo & Co lowered shares of Booking from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $2,000.00 to $2,150.00 in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $2,087.41.
Booking (NASDAQ:BKNG) last posted its earnings results on Wednesday, August 7th. The business services provider reported $23.59 earnings per share for the quarter, beating the consensus estimate of $22.80 by $0.79. Booking had a net margin of 28.19% and a return on equity of 56.70%. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the firm earned $20.13 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. On average, equities research analysts predict that Booking Holdings Inc. will post 102.19 EPS for the current fiscal year.
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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