United Services Automobile Association Raises Position in Booking Holdings Inc. (BKNG)

United Services Automobile Association increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,505 shares of the business services provider’s stock after purchasing an additional 174 shares during the quarter. United Services Automobile Association owned 0.09% of Booking worth $82,346,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of BKNG. Morgan Stanley raised its holdings in Booking by 30.9% during the second quarter. Morgan Stanley now owns 993,158 shares of the business services provider’s stock worth $2,013,218,000 after purchasing an additional 234,246 shares during the last quarter. FMR LLC raised its holdings in shares of Booking by 14.6% in the second quarter. FMR LLC now owns 1,428,678 shares of the business services provider’s stock worth $2,896,058,000 after acquiring an additional 181,931 shares during the last quarter. Egerton Capital UK LLP acquired a new position in shares of Booking in the second quarter worth $335,358,000. Alliancebernstein L.P. raised its holdings in shares of Booking by 29.8% in the third quarter. Alliancebernstein L.P. now owns 641,864 shares of the business services provider’s stock worth $1,273,458,000 after acquiring an additional 147,415 shares during the last quarter. Finally, Standard Life Aberdeen plc raised its holdings in shares of Booking by 357.8% in the third quarter. Standard Life Aberdeen plc now owns 183,376 shares of the business services provider’s stock worth $364,230,000 after acquiring an additional 143,321 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Gillian Tans sold 293 shares of Booking stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,872.01, for a total value of $548,498.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 883 shares of company stock valued at $1,646,347. Company insiders own 0.24% of the company’s stock.

Shares of NASDAQ:BKNG opened at $1,862.51 on Friday. The firm has a market capitalization of $86.61 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.48 and a beta of 1.22. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.99. Booking Holdings Inc. has a 52 week low of $1,690.34 and a 52 week high of $2,228.99.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Monday, November 5th. The business services provider reported $37.78 EPS for the quarter, missing the Zacks’ consensus estimate of $38.37 by ($0.59). The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Booking had a net margin of 19.81% and a return on equity of 26.87%. Booking’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $34.43 EPS. On average, research analysts anticipate that Booking Holdings Inc. will post 89.57 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on BKNG. Zacks Investment Research raised Booking from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Bank of America boosted their price target on Booking from $2,150.00 to $2,300.00 and gave the stock a “buy” rating in a report on Tuesday, November 6th. Barclays reissued an “overweight” rating and issued a $2,360.00 price target (up from $2,300.00) on shares of Booking in a report on Tuesday, November 6th. Wedbush set a $2,500.00 price target on Booking and gave the stock a “buy” rating in a report on Tuesday, November 6th. Finally, DA Davidson set a $2,000.00 price target on Booking and gave the stock a “hold” rating in a report on Tuesday, November 6th. Eleven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Booking currently has a consensus rating of “Buy” and a consensus target price of $2,157.57.

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About Booking

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.

Read More: Fundamental Analysis

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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