Winfield Associates Inc. Increases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Winfield Associates Inc. boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 0.5% during the 3rd quarter, Holdings Channel reports. The firm owned 1,000 shares of the business services provider’s stock after buying an additional 5 shares during the quarter. Winfield Associates Inc.’s holdings in Booking were worth $1,963,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BKNG. Thoroughbred Financial Services LLC lifted 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 raised its position in shares of Booking by 2,043.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 246,130 shares of the business services provider’s stock valued at $461,422,000 after buying an additional 234,648 shares in the last quarter. Investec Asset Management LTD raised its position in shares of Booking by 45.2% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the business services provider’s stock valued at $946,177,000 after buying an additional 201,869 shares in the last quarter. Fiduciary Management Inc. WI purchased a new stake in shares of Booking during the 2nd quarter valued at about $277,285,000. Finally, Diamond Hill Capital Management Inc. purchased a new stake in shares of Booking during the 2nd quarter valued at about $240,420,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Several brokerages have recently issued reports on BKNG. Mizuho restated a “buy” rating and set a $2,150.00 target price (up from $2,050.00) on shares of Booking in a research report on Thursday, August 8th. JPMorgan Chase & Co. upped their target price on shares of Booking from $1,930.00 to $2,125.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. ValuEngine cut shares of Booking from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Wells Fargo & Co cut shares of Booking from an “outperform” rating to a “market perform” rating and upped their target price for the company from $2,000.00 to $2,150.00 in a research report on Thursday, September 26th. Finally, SunTrust Banks restated a “buy” rating and set a $2,150.00 target price on shares of Booking in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Booking currently has a consensus rating of “Hold” and an average price target of $2,087.41.

NASDAQ:BKNG traded up $14.33 during mid-day trading on Thursday, hitting $2,041.96. 102,195 shares of the stock traded hands, compared to its average volume of 269,245. The stock has a market capitalization of $84.55 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 1.49 and a beta of 1.12. Booking Holdings Inc. has a 52 week low of $1,606.27 and a 52 week high of $2,081.81. The firm’s 50 day moving average is $1,988.71 and its two-hundred day moving average is $1,873.86. 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 issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $23.59 EPS for the quarter, beating the consensus estimate of $22.80 by $0.79. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.78 billion. Booking had a net margin of 28.19% and a return on equity of 56.70%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $20.13 EPS. As a group, research analysts predict that Booking Holdings Inc. will post 102.15 EPS for the current year.

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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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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