Zevin Asset Management LLC Raises Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Zevin Asset Management LLC increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.9% during the third quarter, HoldingsChannel.com reports. The firm owned 3,629 shares of the business services provider’s stock after buying an additional 103 shares during the period. Booking accounts for 2.3% of Zevin Asset Management LLC’s portfolio, making the stock its 17th largest position. Zevin Asset Management LLC’s holdings in Booking were worth $7,122,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of BKNG. Gradient Investments LLC purchased a new stake in Booking during the 3rd quarter worth about $29,000. FNY Investment Advisers LLC purchased a new stake in Booking during the 3rd quarter worth about $29,000. Delta Asset Management LLC TN lifted its holdings in Booking by 50.0% during the 3rd quarter. Delta Asset Management LLC TN now owns 15 shares of the business services provider’s stock worth $29,000 after purchasing an additional 5 shares in the last quarter. Squar Milner Financial Services LLC lifted its holdings in Booking by 100.0% during the 3rd quarter. Squar Milner Financial Services LLC now owns 16 shares of the business services provider’s stock worth $31,000 after purchasing an additional 8 shares in the last quarter. Finally, Financial Advantage Inc. purchased a new stake in Booking during the 3rd quarter worth about $39,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the company. Barclays decreased their target price on Booking from $2,160.00 to $2,090.00 and set an “overweight” rating on the stock in a research note on Friday. Evercore ISI restated a “neutral” rating on shares of Booking in a research note on Sunday, August 11th. Wells Fargo & Co lowered Booking from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $2,000.00 to $2,150.00 in a research note on Thursday, September 26th. Zacks Investment Research lowered Booking from a “buy” rating to a “hold” rating and set a $2,153.00 target price on the stock. in a research note on Thursday, September 12th. Finally, Piper Jaffray Companies restated a “neutral” rating and issued a $1,900.00 target price (up from $1,800.00) on shares of Booking in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $2,114.40.

Shares of Booking stock traded up $29.26 during trading on Friday, hitting $1,879.19. 1,033,700 shares of the stock traded hands, compared to its average volume of 401,935. Booking Holdings Inc. has a 52 week low of $1,606.27 and a 52 week high of $2,081.81. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.74. The firm’s fifty day moving average is $1,998.42 and its 200-day moving average is $1,899.20. The stock has a market cap of $86.10 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.52 and a beta of 1.12.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, November 7th. The business services provider reported $45.36 earnings per share for the quarter, topping the consensus estimate of $44.87 by $0.49. Booking had a return on equity of 56.70% and a net margin of 28.19%. The business had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter last year, the business posted $37.78 EPS. The business’s revenue was up 3.9% on a year-over-year basis. On average, analysts forecast that Booking Holdings Inc. will post 101.98 earnings per share for the current fiscal year.

Booking 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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