Kentucky Retirement Systems increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,108 shares of the business services provider’s stock after purchasing an additional 93 shares during the period. Kentucky Retirement Systems’ holdings in Booking were worth $5,107,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Chilton Capital Management LLC acquired a new position in Booking in the second quarter worth about $26,000. Activest Wealth Management acquired a new position in Booking in the third quarter worth about $25,000. St. James Investment Advisors LLC raised its position in Booking by 50.0% in the third quarter. St. James Investment Advisors LLC now owns 21 shares of the business services provider’s stock worth $35,000 after purchasing an additional 7 shares in the last quarter. Hexagon Capital Partners LLC raised its position in Booking by 188.9% in the third quarter. Hexagon Capital Partners LLC now owns 26 shares of the business services provider’s stock worth $43,000 after purchasing an additional 17 shares in the last quarter. Finally, Mach 1 Financial Group LLC acquired a new position in Booking in the third quarter worth about $47,000. Institutional investors and hedge funds own 89.23% of the company’s stock.
Insiders Place Their Bets
In other Booking news, Director Radakovich Lynn Vojvodich sold 35 shares of the stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $2,297.91, for a total value of $80,426.85. Following the sale, the director now directly owns 723 shares in the company, valued at $1,661,388.93. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Booking news, CEO Glenn D. Fogel sold 1,400 shares of the stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $2,320.41, for a total value of $3,248,574.00. Following the sale, the chief executive officer now directly owns 43,804 shares in the company, valued at $101,643,239.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 35 shares of the firm’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $2,297.91, for a total transaction of $80,426.85. Following the sale, the director now owns 723 shares in the company, valued at $1,661,388.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,120 shares of company stock worth $4,893,155. Company insiders own 0.13% of the company’s stock.
Booking Price Performance
Booking (NASDAQ:BKNG – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The business services provider reported $24.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $20.97 by $3.77. The firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Booking had a net margin of 17.89% and a return on equity of 107.86%. The business’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same period last year, the firm earned $15.83 earnings per share. As a group, analysts forecast that Booking Holdings Inc. will post 127.01 EPS for the current year.
Analysts Set New Price Targets
BKNG has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on shares of Booking from $2,050.00 to $2,400.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 19th. Wolfe Research cut shares of Booking from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, December 7th. Evercore ISI upped their price objective on shares of Booking from $2,600.00 to $3,000.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. Credit Suisse Group upped their price objective on shares of Booking from $2,600.00 to $2,850.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. Finally, Gordon Haskett cut shares of Booking from a “buy” rating to a “hold” rating in a research note on Wednesday, January 25th. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,675.16.
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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