Signaturefd LLC trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 213 shares of the business services provider’s stock after selling 6 shares during the period. Signaturefd LLC’s holdings in Booking were worth $429,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Activest Wealth Management purchased a new position in Booking in the 3rd quarter valued at about $25,000. St. James Investment Advisors LLC lifted its holdings in Booking by 50.0% in the 3rd quarter. St. James Investment Advisors LLC now owns 21 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 7 shares in the last quarter. Asset Dedication LLC lifted its holdings in Booking by 60.0% in the 4th quarter. Asset Dedication LLC now owns 24 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 9 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in Booking by 188.9% in the 3rd quarter. Hexagon Capital Partners LLC now owns 26 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 17 shares in the last quarter. Finally, General Partner Inc. purchased a new position in Booking in the 4th quarter valued at about $56,000. 89.23% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Booking
In other Booking news, Director Radakovich Lynn Vojvodich sold 35 shares of the 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 value of $80,426.85. Following the completion of the sale, the director now owns 723 shares of the company’s stock, valued at $1,661,388.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO David I. Goulden sold 550 shares of the firm’s 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 sale, the chief financial officer now owns 4,969 shares of the company’s stock, valued at $11,418,314.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 35 shares of the firm’s stock in a transaction that occurred 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 directly owns 723 shares of the company’s stock, valued at approximately $1,661,388.93. The disclosure for this sale can be found here. Insiders sold 2,998 shares of company stock valued at $7,046,550 over the last 90 days. 0.13% of the stock is owned by corporate insiders.
Booking Stock Up 0.8 %
Booking (NASDAQ:BKNG – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The business services provider reported $24.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $20.97 by $3.77. Booking had a net margin of 17.89% and a return on equity of 107.86%. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the company earned $15.83 earnings per share. Booking’s revenue for the quarter was up 35.8% on a year-over-year basis. As a group, analysts forecast that Booking Holdings Inc. will post 127.01 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have issued reports on BKNG. StockNews.com began coverage on shares of Booking in a report on Thursday, March 16th. They issued a “buy” rating on the stock. The Goldman Sachs Group increased their price objective on shares of Booking from $2,250.00 to $2,630.00 and gave the stock a “neutral” rating in a report on Friday, February 24th. Bank of America increased 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. UBS Group increased their price objective on shares of Booking from $2,785.00 to $2,900.00 and gave the stock a “buy” rating in a report on Friday, February 24th. Finally, Gordon Haskett lowered shares of Booking from a “buy” rating to a “hold” rating in a report on Wednesday, January 25th. Nine equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average target price of $2,696.12.
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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