Baird Financial Group Inc. increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,626 shares of the business services provider’s stock after purchasing an additional 89 shares during the period. Baird Financial Group Inc.’s holdings in Booking were worth $19,513,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Paradigm Asset Management Co. LLC purchased a new stake in Booking during the 1st quarter worth about $104,000. Fortis Advisors LLC purchased a new stake in Booking during the 1st quarter worth about $104,000. MUFG Securities EMEA plc purchased a new stake in Booking during the 2nd quarter worth about $109,000. Harvest Fund Management Co. Ltd lifted its holdings in Booking by 86.7% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock worth $114,000 after purchasing an additional 26 shares in the last quarter. Finally, First Manhattan Co. lifted its holdings in Booking by 90.0% during the 2nd quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock worth $115,000 after purchasing an additional 27 shares in the last quarter. 93.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of Booking stock opened at $1,909.50 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market cap of $92.64 billion, a PE ratio of 24.79, a PEG ratio of 1.55 and a beta of 1.27. Booking Holdings Inc. has a 12 month low of $1,630.56 and a 12 month high of $2,228.99.
Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, August 9th. The business services provider reported $20.67 EPS for the quarter, beating the consensus estimate of $17.34 by $3.33. The firm had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.45 billion. Booking had a return on equity of 24.74% and a net margin of 20.07%. The company’s revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the company earned $24.39 EPS. research analysts forecast that Booking Holdings Inc. will post 89.06 EPS for the current year.
A number of analysts recently issued reports on BKNG shares. Stifel Nicolaus increased their price objective on Booking from $2,222.00 to $2,332.00 and gave the stock a “buy” rating in a report on Thursday, May 10th. SunTrust Banks reissued a “buy” rating and set a $2,300.00 price objective on shares of Booking in a report on Thursday, August 9th. UBS Group raised Booking from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $2,060.00 to $2,320.00 in a report on Friday, August 10th. Mizuho decreased their target price on Booking to $2,400.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. Finally, Credit Suisse Group restated a “buy” rating and issued a $2,100.00 target price (down from $2,250.00) on shares of Booking in a research note on Friday, August 10th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Booking presently has a consensus rating of “Buy” and a consensus price target of $2,154.45.
In other news, CEO Gillian Tans sold 295 shares of the stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $2,030.98, for a total transaction of $599,139.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.24% of the stock is currently owned by corporate insiders.
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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