American National Bank raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,084 shares of the business services provider’s stock after purchasing an additional 65 shares during the period. American National Bank’s holdings in Booking were worth $3,907,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC raised its position in Booking by 8.3% during the 1st quarter. FMR LLC now owns 997,623 shares of the business services provider’s stock valued at $1,740,762,000 after purchasing an additional 76,561 shares in the last quarter. Ellis Investment Partners LLC raised its position in shares of Booking by 174,390.7% in the 1st quarter. Ellis Investment Partners LLC now owns 621,187 shares of the business services provider’s stock worth $621,000 after acquiring an additional 620,831 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Booking by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 615,306 shares of the business services provider’s stock worth $1,057,996,000 after acquiring an additional 23,591 shares in the last quarter. Thoroughbred Financial Services LLC raised its position in shares of 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 acquiring an additional 595,855 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Booking in the 4th quarter worth $788,351,000. 92.92% of the stock is owned by institutional investors and hedge funds.
BKNG stock traded up $33.85 on Friday, hitting $1,959.98. 215,124 shares of the company’s stock were exchanged, compared to its average volume of 279,889. Booking Holdings Inc. has a 12-month low of $1,606.27 and a 12-month high of $2,131.90. The stock’s 50 day simple moving average is $1,858.72. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $83.09 billion, a PE ratio of 21.17, a P/E/G ratio of 1.57 and a beta of 1.13.
Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, May 9th. The business services provider reported $11.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $11.26 by ($0.09). Booking had a return on equity of 48.32% and a net margin of 28.79%. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the firm earned $12.34 earnings per share. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 100.86 earnings per share for the current year.
Several research analysts have recently commented on BKNG shares. Credit Suisse Group set a $100.00 price target on Procter & Gamble and gave the stock a “hold” rating in a research report on Friday, May 10th. Citigroup lowered Barrick Gold to a “neutral” rating in a research report on Thursday, May 23rd. Ascendiant Capital Markets set a $2,000.00 price target on Booking and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Zacks Investment Research lowered Phoenix New Media from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Mizuho set a $88.00 price target on Gilead Sciences and gave the stock a “buy” rating in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $2,063.61.
In other Booking news, CEO Gillian Tans sold 606 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $1,791.14, for a total transaction of $1,085,430.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey E. Epstein sold 250 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $1,755.75, for a total value of $438,937.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,462 shares of company stock worth $2,602,200. 0.24% of the stock is owned by company insiders.
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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