Lbp Am Sa decreased its position in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 100.0% during the 1st quarter, Holdings Channel reports. The fund owned 1,384 shares of the business services provider’s stock after selling 4,201,411 shares during the quarter. Lbp Am Sa’s holdings in Booking were worth $5,021,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Booking by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock valued at $10,718,390,000 after buying an additional 12,456 shares during the period. Janus Henderson Group PLC lifted its holdings in Booking by 4.5% in the first quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock valued at $1,865,949,000 after acquiring an additional 21,969 shares during the period. Norges Bank purchased a new stake in shares of Booking during the 4th quarter worth $1,742,160,000. Fisher Asset Management LLC grew its stake in shares of Booking by 4.3% during the 4th quarter. Fisher Asset Management LLC now owns 376,734 shares of the business services provider’s stock worth $1,336,362,000 after purchasing an additional 15,381 shares during the period. Finally, Sanders Capital LLC grew its stake in shares of Booking by 3.5% during the 4th quarter. Sanders Capital LLC now owns 275,172 shares of the business services provider’s stock worth $976,096,000 after purchasing an additional 9,419 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the stock. DA Davidson boosted their price objective on shares of Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Benchmark upgraded shares of Booking from a “hold” rating to a “buy” rating and set a $4,700.00 price objective on the stock in a research report on Friday, July 12th. B. Riley lifted their target price on shares of Booking from $4,400.00 to $4,900.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Barclays raised their price objective on shares of Booking from $3,800.00 to $4,300.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Finally, Oppenheimer upped their target price on Booking from $4,200.00 to $4,600.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Seven research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned 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 target price of $4,092.56.
Booking Stock Performance
Shares of BKNG stock traded down $50.83 on Thursday, hitting $3,664.18. The stock had a trading volume of 517,601 shares, compared to its average volume of 251,961. The stock’s 50 day moving average is $3,883.15 and its 200-day moving average is $3,690.77. The firm has a market capitalization of $124.32 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 1.11 and a beta of 1.38. Booking Holdings Inc. has a 52-week low of $2,733.04 and a 52-week high of $4,144.32.
Booking (NASDAQ:BKNG – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, beating analysts’ consensus estimates of $14.03 by $6.36. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the prior year, the business posted $11.60 earnings per share. Booking’s revenue for the quarter was up 16.9% on a year-over-year basis. Equities analysts expect that Booking Holdings Inc. will post 178.55 earnings per share for the current year.
Insider Transactions at Booking
In other Booking news, insider Paulo Pisano sold 227 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the transaction, the insider now directly owns 4,233 shares in the company, valued at approximately $15,157,314.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Booking news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the completion of the transaction, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paulo Pisano sold 227 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total value of $812,830.25. Following the completion of the transaction, the insider now directly owns 4,233 shares of the company’s stock, valued at $15,157,314.75. The disclosure for this sale can be found here. Corporate insiders own 0.12% 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.
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