Pennsylvania Trust Co cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,120 shares of the business services provider’s stock after selling 8 shares during the period. Pennsylvania Trust Co’s holdings in Booking were worth $6,123,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Foundations Investment Advisors LLC raised its holdings in shares of Booking by 17.1% during the third quarter. Foundations Investment Advisors LLC now owns 664 shares of the business services provider’s stock valued at $1,302,000 after acquiring an additional 97 shares during the period. Hartwell J M Limited Partnership raised its holdings in shares of Booking by 1.7% during the third quarter. Hartwell J M Limited Partnership now owns 19,176 shares of the business services provider’s stock valued at $37,635,000 after acquiring an additional 313 shares during the period. Chesley Taft & Associates LLC raised its holdings in shares of Booking by 1.6% during the third quarter. Chesley Taft & Associates LLC now owns 6,676 shares of the business services provider’s stock valued at $13,102,000 after acquiring an additional 104 shares during the period. Meridian Financial Partners LLC raised its holdings in shares of Booking by 7.1% during the third quarter. Meridian Financial Partners LLC now owns 227 shares of the business services provider’s stock valued at $441,000 after acquiring an additional 15 shares during the period. Finally, Metropolis Capital Ltd raised its holdings in shares of Booking by 43.5% during the third quarter. Metropolis Capital Ltd now owns 19,076 shares of the business services provider’s stock valued at $37,439,000 after acquiring an additional 5,786 shares during the period. 92.23% of the stock is owned by institutional investors and hedge funds.
BKNG has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Booking from $2,050.00 to $2,100.00 and gave the company an “equal weight” rating in a report on Thursday, August 8th. Wells Fargo & Co lowered shares of Booking from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $2,000.00 to $2,150.00 in a research note on Thursday, September 26th. SunTrust Banks reiterated a “buy” rating and issued a $2,150.00 price objective on shares of Booking in a research note on Thursday, July 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $2,100.00 price objective (down previously from $2,150.00) on shares of Booking in a research note on Thursday, August 8th. Finally, Zacks Investment Research lowered shares of Booking from a “buy” rating to a “hold” rating and set a $2,153.00 price objective on the stock. in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $2,079.70.
Shares of BKNG opened at $1,939.69 on Thursday. The company’s fifty day moving average is $1,979.06 and its 200-day moving average is $1,865.04. Booking Holdings Inc. has a 12 month low of $1,606.27 and a 12 month high of $2,081.81. The firm has a market cap of $82.21 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 1.46 and a beta of 1.12. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.74.
Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $23.59 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the business posted $20.13 EPS. Booking’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, research analysts predict that Booking Holdings Inc. will post 102.15 earnings per share 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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