Smith Salley & Associates increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,565 shares of the business services provider’s stock after purchasing an additional 125 shares during the quarter. Smith Salley & Associates’ holdings in Booking were worth $5,089,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of BKNG. MUFG Securities EMEA plc purchased a new stake in Booking in the 2nd quarter valued at about $109,000. LFA Lugano Financial Advisors SA purchased a new stake in Booking in the 3rd quarter valued at about $109,000. Harvest Fund Management Co. Ltd grew its holdings in Booking by 86.7% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock valued at $114,000 after buying an additional 26 shares during the period. First Manhattan Co. grew its holdings in Booking by 90.0% in the 2nd quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock valued at $115,000 after buying an additional 27 shares during the period. Finally, Webster Bank N. A. purchased a new stake in Booking in the 2nd quarter valued at about $126,000. Hedge funds and other institutional investors own 91.99% of the company’s stock.
Several analysts have commented on BKNG shares. Zacks Investment Research upgraded Booking from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Cowen set a $2,375.00 price target on Booking and gave the company a “buy” rating in a report on Saturday, August 11th. UBS Group upgraded Booking from a “neutral” rating to a “buy” rating and lifted their price target for the company from $2,060.00 to $2,320.00 in a report on Friday, August 10th. Jefferies Financial Group cut Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 price target for the company. in a report on Friday, August 10th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $2,100.00 price target on shares of Booking in a report on Thursday, August 9th. Thirteen equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $2,155.87.
Booking (NASDAQ:BKNG) last issued its earnings results on Monday, November 5th. The business services provider reported $37.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $38.37 by ($0.59). Booking had a return on equity of 26.87% and a net margin of 19.81%. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter in the previous year, the firm posted $34.43 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 89.68 EPS for the current year.
In other news, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $1,917.94, for a total transaction of $565,792.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.24% of the stock is currently owned by insiders.
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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