Eaton Vance Management Purchases 162 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Eaton Vance Management boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 70,554 shares of the business services provider’s stock after acquiring an additional 162 shares during the quarter. Eaton Vance Management’s holdings in Booking were worth $164,380,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. CX Institutional raised its holdings in Booking by 12.2% during the 1st quarter. CX Institutional now owns 46 shares of the business services provider’s stock valued at $107,000 after buying an additional 5 shares during the last quarter. Ledyard National Bank raised its holdings in Booking by 3.4% in the 1st quarter. Ledyard National Bank now owns 153 shares of the business services provider’s stock worth $356,000 after purchasing an additional 5 shares in the last quarter. TCI Wealth Advisors Inc. raised its holdings in Booking by 6.9% in the 1st quarter. TCI Wealth Advisors Inc. now owns 77 shares of the business services provider’s stock worth $179,000 after purchasing an additional 5 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings in Booking by 3.5% in the 1st quarter. Koshinski Asset Management Inc. now owns 146 shares of the business services provider’s stock worth $340,000 after purchasing an additional 5 shares in the last quarter. Finally, BerganKDV Wealth Management LLC raised its holdings in Booking by 0.9% in the 1st quarter. BerganKDV Wealth Management LLC now owns 592 shares of the business services provider’s stock worth $1,379,000 after purchasing an additional 5 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

BKNG has been the subject of several research reports. Barclays upped their price objective on shares of Booking from $2,710.00 to $2,740.00 and gave the stock an “overweight” rating in a report on Thursday, May 6th. Cowen increased their price target on shares of Booking from $2,550.00 to $2,700.00 and gave the stock an “outperform” rating in a research note on Thursday, April 22nd. Susquehanna decreased their price target on shares of Booking from $3,000.00 to $2,850.00 and set a “positive” rating for the company in a research note on Friday, May 7th. Gordon Haskett began coverage on shares of Booking in a research note on Tuesday, March 30th. They issued a “hold” rating and a $2,574.00 price target for the company. Finally, Credit Suisse Group increased their price target on shares of Booking from $2,640.00 to $2,675.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 12th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $2,453.04.

NASDAQ BKNG opened at $2,194.03 on Thursday. Booking Holdings Inc. has a 12 month low of $1,589.00 and a 12 month high of $2,516.00. The company has a market cap of $90.06 billion, a PE ratio of 128.31, a price-to-earnings-growth ratio of 3.79 and a beta of 1.26. The business’s 50 day moving average price is $2,253.90. The company has a debt-to-equity ratio of 2.28, a quick ratio of 2.18 and a current ratio of 2.18.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, May 4th. The business services provider reported ($5.26) EPS for the quarter, topping analysts’ consensus estimates of ($7.26) by $2.00. Booking had a net margin of 12.44% and a negative return on equity of 3.81%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Sell-side analysts predict that Booking Holdings Inc. will post 34.03 earnings per share for the current fiscal year.

In other news, Director Jeffery H. Boyd sold 873 shares of Booking stock in a transaction that occurred on Wednesday, May 12th. The shares were sold at an average price of $2,228.65, for a total transaction of $1,945,611.45. Following the sale, the director now owns 40,982 shares in the company, valued at $91,334,534.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO David I. Goulden sold 183 shares of Booking stock in a transaction that occurred on Thursday, July 15th. The shares were sold at an average price of $2,173.00, for a total transaction of $397,659.00. Following the sale, the chief financial officer now owns 4,772 shares in the company, valued at approximately $10,369,556. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,239 shares of company stock worth $2,764,604. 0.24% of the stock is owned by company insiders.

Booking 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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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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