Tranquilli Financial Advisor LLC lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) by 4.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183 shares of the business services provider’s stock after acquiring an additional 7 shares during the quarter. Tranquilli Financial Advisor LLC’s holdings in Booking were worth $430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Booking by 1.1% during the first quarter. Vanguard Group Inc. now owns 3,179,231 shares of the business services provider’s stock worth $7,466,265,000 after acquiring an additional 35,999 shares during the last quarter. Capital World Investors increased its holdings in Booking by 2.1% in the fourth quarter. Capital World Investors now owns 1,515,889 shares of the business services provider’s stock worth $3,636,966,000 after purchasing an additional 31,161 shares in the last quarter. Geode Capital Management LLC increased its holdings in Booking by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 665,085 shares of the business services provider’s stock worth $1,591,171,000 after purchasing an additional 18,508 shares in the last quarter. Schroder Investment Management Group increased its holdings in Booking by 55.4% in the fourth quarter. Schroder Investment Management Group now owns 466,525 shares of the business services provider’s stock worth $1,119,301,000 after purchasing an additional 166,288 shares in the last quarter. Finally, Norges Bank bought a new stake in Booking in the fourth quarter worth approximately $1,013,778,000. 89.91% of the stock is currently owned by institutional investors.
Insider Activity at Booking
In related news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $2,126.07, for a total transaction of $1,594,552.50. Following the sale, the chief executive officer now directly owns 47,565 shares in the company, valued at approximately $101,126,519.55. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Booking news, Director Robert J. Mylod, Jr. bought 500 shares of Booking stock in a transaction that occurred on Monday, August 29th. The stock was acquired at an average cost of $1,912.37 per share, for a total transaction of $956,185.00. Following the completion of the transaction, the director now directly owns 2,580 shares in the company, valued at $4,933,914.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $2,126.07, for a total value of $1,594,552.50. Following the transaction, the chief executive officer now owns 47,565 shares of the company’s stock, valued at $101,126,519.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,400 shares of company stock worth $2,925,212. 0.13% of the stock is owned by company insiders.
Booking Stock Performance
Booking (NASDAQ:BKNG – Get Rating) last issued its earnings results on Wednesday, August 3rd. The business services provider reported $19.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.93 by $1.15. Booking had a return on equity of 62.69% and a net margin of 10.54%. During the same period last year, the firm earned ($2.55) EPS. On average, equities research analysts forecast that Booking Holdings Inc. will post 95.83 EPS for the current year.
Wall Street Analyst Weigh In
BKNG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on Booking from $2,900.00 to $2,435.00 and set an “overweight” rating for the company in a report on Wednesday, June 29th. Credit Suisse Group lowered their target price on Booking from $2,985.00 to $2,650.00 and set an “outperform” rating for the company in a report on Thursday, August 4th. Morgan Stanley raised their price objective on Booking from $2,100.00 to $2,300.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 23rd. Wells Fargo & Company reduced their price objective on Booking from $2,650.00 to $2,300.00 and set an “equal weight” rating for the company in a research note on Monday, August 15th. Finally, Susquehanna Bancshares reduced their price objective on Booking from $2,900.00 to $2,800.00 and set a “positive” rating for the company in a research note on Friday, August 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $2,557.20.
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.
- Get a free copy of the StockNews.com research report on Booking (BKNG)
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