Booking Holdings Inc. (BKNG) Stake Raised by Creative Planning

Creative Planning increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.6% during the third quarter, HoldingsChannel.com reports. The fund owned 5,535 shares of the business services provider’s stock after acquiring an additional 529 shares during the quarter. Creative Planning’s holdings in Booking were worth $10,981,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc acquired a new stake in shares of Booking during the second quarter valued at approximately $109,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Booking during the third quarter valued at approximately $109,000. Harvest Fund Management Co. Ltd raised its holdings in shares of Booking by 86.7% during the second quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 26 shares during the period. First Manhattan Co. raised its holdings in shares of Booking by 90.0% during the second quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock valued at $115,000 after acquiring an additional 27 shares during the period. Finally, Webster Bank N. A. acquired a new stake in shares of Booking during the second quarter valued at approximately $126,000. Institutional investors and hedge funds own 92.91% of the company’s stock.

Booking stock opened at $1,770.81 on Friday. The company has a market capitalization of $85.66 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 1.43 and a beta of 1.25. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.86. Booking Holdings Inc. has a twelve month low of $1,630.56 and a twelve month high of $2,228.99.



Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, August 9th. The business services provider reported $20.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $17.34 by $3.33. The company had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.45 billion. Booking had a net margin of 20.07% and a return on equity of 24.74%. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $24.39 earnings per share. Equities research analysts forecast that Booking Holdings Inc. will post 89.45 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the stock. Cowen set a $2,200.00 price target on shares of Booking and gave the company a “buy” rating in a report on Monday, October 22nd. Evercore ISI assumed coverage on shares of Booking in a report on Monday, October 15th. They set an “in-line” rating and a $1,930.00 price target on the stock. DA Davidson set a $1,990.00 price target on shares of Booking and gave the company a “hold” rating in a report on Friday, August 10th. SunTrust Banks restated a “buy” rating and set a $2,300.00 price target on shares of Booking in a report on Thursday, August 9th. Finally, Morgan Stanley restated an “overweight” rating and set a $2,200.00 price target (up previously from $2,100.00) on shares of Booking in a report on Wednesday, July 11th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Booking has an average rating of “Buy” and a consensus price target of $2,138.41.

In other Booking news, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $1,803.58, for a total value of $532,056.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.24% of the company’s stock.

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.

See Also: Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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