TCI Wealth Advisors Inc. lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1,300.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 372 shares of the business services provider’s stock after buying an additional 403 shares during the period. TCI Wealth Advisors Inc.’s holdings in Booking were worth $754,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. C WorldWide Group Holding A S bought a new position in shares of Booking in the first quarter worth $104,000. Paradigm Asset Management Co. LLC bought a new position in shares of Booking in the first quarter worth $104,000. Fortis Advisors LLC bought a new position in shares of Booking in the first quarter worth $104,000. Whittier Trust Co. bought a new position in shares of Booking in the first quarter worth $108,000. Finally, First Personal Financial Services bought a new position in Booking in the first quarter valued at $119,000. Hedge funds and other institutional investors own 91.67% of the company’s stock.
In other Booking news, CEO Gillian Tans sold 295 shares of the firm’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $2,030.98, for a total transaction of $599,139.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is currently owned by company insiders.
A number of research firms recently commented on BKNG. DA Davidson set a $1,990.00 target price on Booking and gave the company a “hold” rating in a research note on Friday, August 10th. Morgan Stanley reissued an “overweight” rating and issued a $2,200.00 target price (up previously from $2,100.00) on shares of Booking in a research note on Wednesday, July 11th. Stifel Nicolaus lowered shares of Booking from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Piper Jaffray Companies restated an “overweight” rating and set a $2,300.00 price target on shares of Booking in a research report on Friday, April 27th. Finally, Credit Suisse Group restated a “buy” rating and set a $2,100.00 price target (down from $2,250.00) on shares of Booking in a research report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $2,154.45.
Shares of BKNG opened at $1,840.68 on Monday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.86. Booking Holdings Inc. has a one year low of $1,630.56 and a one year high of $2,228.99. The stock has a market capitalization of $90.09 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 1.47 and a beta of 1.21.
Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, August 9th. The business services provider reported $20.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $17.34 by $3.33. Booking had a net margin of 20.07% and a return on equity of 24.74%. The business had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period last year, the business posted $24.39 earnings per share. Booking’s quarterly revenue was up 16.9% compared to the same quarter last year. sell-side analysts predict that Booking Holdings Inc. will post 88.65 EPS for the current fiscal 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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