Cooper Financial Group bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 168 shares of the business services provider’s stock, valued at approximately $339,000.
Other institutional investors have also added to or reduced their stakes in the company. Longview Partners Guernsey LTD bought a new stake in Booking in the 3rd quarter valued at $452,154,000. Public Investment Fund acquired a new position in Booking in the second quarter worth about $373,371,000. Arrowstreet Capital Limited Partnership raised its position in Booking by 3,557.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 142,166 shares of the business services provider’s stock worth $333,870,000 after purchasing an additional 138,279 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in Booking during the third quarter worth about $146,280,000. Finally, Pacer Advisors Inc. boosted its holdings in Booking by 6,440.6% during the third quarter. Pacer Advisors Inc. now owns 83,000 shares of the business services provider’s stock valued at $136,386,000 after purchasing an additional 81,731 shares in the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
BKNG has been the subject of several analyst reports. Susquehanna raised their target price on Booking from $2,650.00 to $2,900.00 and gave the stock a “positive” rating in a research report on Monday, February 27th. UBS Group lifted their price objective on Booking from $2,785.00 to $2,900.00 and gave the company a “buy” rating in a report on Friday, February 24th. Mizuho upped their target price on shares of Booking from $2,170.00 to $2,670.00 and gave the stock a “buy” rating in a report on Friday, February 24th. The Goldman Sachs Group lifted their price target on shares of Booking from $2,250.00 to $2,630.00 and gave the company a “neutral” rating in a report on Friday, February 24th. Finally, Bank of America raised their price objective on shares of Booking from $2,700.00 to $2,850.00 and gave the stock a “neutral” rating in a report on Friday, February 24th. Nine equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2,675.16.
Booking Trading Down 0.5 %
Booking (NASDAQ:BKNG – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The business services provider reported $24.74 earnings per share for the quarter, beating analysts’ consensus estimates of $20.97 by $3.77. Booking had a net margin of 17.89% and a return on equity of 107.86%. The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period last year, the company posted $15.83 EPS. Booking’s revenue for the quarter was up 35.8% on a year-over-year basis. On average, equities analysts expect that Booking Holdings Inc. will post 127.01 earnings per share for the current year.
Insider Activity
In other Booking news, CEO Glenn D. Fogel sold 100 shares of Booking stock in a transaction dated Tuesday, January 10th. The stock was sold at an average price of $2,314.64, for a total transaction of $231,464.00. Following the transaction, the chief executive officer now directly owns 44,874 shares in the company, valued at $103,867,155.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Glenn D. Fogel sold 100 shares of the stock in a transaction that occurred on Tuesday, January 10th. The stock was sold at an average price of $2,314.64, for a total transaction of $231,464.00. Following the completion of the sale, the chief executive officer now directly owns 44,874 shares of the company’s stock, valued at approximately $103,867,155.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David I. Goulden sold 550 shares of Booking stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $2,297.91, for a total transaction of $1,263,850.50. Following the completion of the transaction, the chief financial officer now directly owns 4,969 shares in the company, valued at approximately $11,418,314.79. The disclosure for this sale can be found here. Insiders sold 3,098 shares of company stock valued at $7,278,014 in the last quarter. Company insiders own 0.13% of the company’s stock.
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Booking (BKNG)
- What is the Consumer Staples Sector?
- What is a Consumer Staples Index Fund?
- Bitcoin Might Better Than Bitcoin Stocks and ETFs,
- GameStop Shares Surge On Surprise Profit
- Nike, Inc’s Q3 Surprise Isn’t All That Surprising: Is It A Buy?
Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.
