Marble Arch Investments LP purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 23,675 shares of the business services provider’s stock, valued at approximately $49,253,000. Booking comprises 3.8% of Marble Arch Investments LP’s holdings, making the stock its 13th biggest holding.
Other large investors have also recently added to or reduced their stakes in the company. C WorldWide Group Holding A S purchased a new stake in shares of Booking in the first quarter valued at $104,000. Paradigm Asset Management Co. LLC purchased a new stake in Booking during the first quarter valued at about $104,000. Fortis Advisors LLC purchased a new stake in Booking during the first quarter valued at about $104,000. Whittier Trust Co. purchased a new stake in Booking during the first quarter valued at about $108,000. Finally, First Personal Financial Services purchased a new stake in Booking during the first quarter valued at about $119,000. Hedge funds and other institutional investors own 90.62% of the company’s stock.
A number of research analysts have commented on BKNG shares. SunTrust Banks boosted their price objective on Booking from $2,350.00 to $2,380.00 and gave the stock a “buy” rating in a research note on Friday, April 13th. Needham & Company LLC boosted their price target on Booking from $2,000.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, March 15th. Argus upgraded Booking from a “hold” rating to a “buy” rating and set a $2,520.00 price target on the stock in a research note on Thursday, March 8th. ValuEngine upgraded Booking from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Mizuho initiated coverage on Booking in a research note on Thursday, March 22nd. They set a “buy” rating and a $2,600.00 price objective on the stock. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Booking has a consensus rating of “Buy” and a consensus price target of $2,172.07.
Shares of NASDAQ:BKNG opened at $2,027.09 on Friday. The stock has a market capitalization of $97.29 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21. Booking Holdings Inc. has a 52-week low of $1,630.56 and a 52-week high of $2,228.99. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.14 and a current ratio of 2.14.
Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Wednesday, May 9th. The business services provider reported $12.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $10.68 by $1.32. Booking had a return on equity of 22.03% and a net margin of 18.90%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the business posted $9.88 earnings per share. The firm’s revenue was up 21.0% compared to the same quarter last year. sell-side analysts predict that Booking Holdings Inc. will post 88.84 earnings per share for the current year.
In related news, CEO Gillian Tans sold 295 shares of the stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $2,126.07, for a total value of $627,190.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.24% of the stock is currently owned by company insiders.
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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