Night Owl Capital Management LLC purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,851 shares of the business services provider’s stock, valued at approximately $14,253,000. Booking accounts for approximately 6.0% of Night Owl Capital Management LLC’s holdings, making the stock its 6th biggest holding.
Several other hedge funds have also made changes to their positions in BKNG. C WorldWide Group Holding A S bought a new position in Booking in the 1st quarter valued at approximately $104,000. Paradigm Asset Management Co. LLC bought a new position in Booking during the 1st quarter worth approximately $104,000. Fortis Advisors LLC bought a new position in Booking during the 1st quarter worth approximately $104,000. Whittier Trust Co. bought a new position in Booking during the 1st quarter worth approximately $108,000. Finally, First Personal Financial Services bought a new position in Booking during the 1st quarter worth approximately $119,000. 90.62% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $2,126.07, for a total value of $627,190.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.24% of the company’s stock.
Several analysts recently issued reports on the stock. Wells Fargo & Co reissued a “hold” rating and issued a $2,050.00 price target on shares of Booking in a research report on Monday, May 7th. Oppenheimer lifted their price objective on shares of Booking from $2,275.00 to $2,500.00 and gave the stock an “outperform” rating in a report on Thursday, May 3rd. ValuEngine cut Booking from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. DA Davidson initiated coverage on Booking in a research note on Wednesday, April 4th. They issued a “neutral” rating and a $2,260.00 price objective on the stock. Finally, SunTrust Banks upped their price target on Booking from $2,350.00 to $2,380.00 and gave the company a “buy” rating in a research report on Friday, April 13th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Booking currently has an average rating of “Buy” and an average price target of $2,172.07.
Shares of Booking stock opened at $2,027.09 on Friday. Booking Holdings Inc. has a one year low of $1,630.56 and a one year high of $2,228.99. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.14 and a quick ratio of 2.14. The company has a market capitalization of $97.29 billion, a PE ratio of 26.32, a P/E/G ratio of 1.56 and a beta of 1.21.
Booking (NASDAQ:BKNG) last issued its earnings results on Wednesday, May 9th. The business services provider reported $12.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $10.68 by $1.32. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.87 billion. Booking had a return on equity of 22.03% and a net margin of 18.90%. Booking’s revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the company posted $9.88 EPS. research analysts forecast that Booking Holdings Inc. will post 88.84 earnings per share 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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