Verition Fund Management LLC purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the 1st quarter, Holdings Channel reports. The firm purchased 2,426 shares of the business services provider’s stock, valued at approximately $5,047,000.
Other large investors have also bought and sold shares of the company. C WorldWide Group Holding A S purchased a new position in shares of Booking in the 1st quarter worth approximately $104,000. Paradigm Asset Management Co. LLC purchased a new position in shares of Booking in the 1st quarter worth approximately $104,000. Fortis Advisors LLC purchased a new position in shares of Booking in the 1st quarter worth approximately $104,000. Whittier Trust Co. purchased a new position in shares of Booking in the 1st quarter worth approximately $108,000. Finally, First Personal Financial Services purchased a new position in shares of Booking in the 1st quarter worth approximately $119,000. Institutional investors and hedge funds own 90.65% of the company’s stock.
A number of research analysts have recently issued reports on the stock. Deutsche Bank reaffirmed a “hold” rating and issued a $2,175.00 price objective on shares of Booking in a research report on Tuesday, May 8th. They noted that the move was a valuation call. Piper Jaffray Companies lifted their price objective on shares of Booking to $2,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Booking in a research report on Wednesday, February 28th. Barclays reaffirmed an “overweight” rating and issued a $2,260.00 price objective on shares of Booking in a research report on Friday, March 16th. Finally, Oppenheimer lifted their price objective on shares of Booking from $2,275.00 to $2,500.00 and gave the stock an “outperform” rating in a research report on Thursday, May 3rd. Nine analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $2,172.07.
Booking (NASDAQ:BKNG) last released its quarterly earnings data on Wednesday, May 9th. The business services provider reported $12.00 EPS for the quarter, beating the consensus estimate of $10.68 by $1.32. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.87 billion. Booking had a net margin of 18.90% and a return on equity of 22.03%. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same period in the prior year, the firm earned $9.88 EPS. research analysts expect that Booking Holdings Inc. will post 88.84 EPS for the current fiscal year.
In other news, CEO Gillian Tans sold 295 shares of the company’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $2,094.11, for a total value of $617,762.45. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.24% of the stock is owned by corporate 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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