Booking Holdings Inc. (BKNG) Holdings Boosted by First Quadrant L P CA

First Quadrant L P CA grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 438 shares of the business services provider’s stock after buying an additional 31 shares during the quarter. First Quadrant L P CA’s holdings in Booking were worth $869,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Hollencrest Capital Management raised its holdings in shares of Booking by 12.6% in the 2nd quarter. Hollencrest Capital Management now owns 223 shares of the business services provider’s stock worth $452,000 after purchasing an additional 25 shares during the period. Dowling & Yahnke LLC raised its holdings in shares of Booking by 1.9% in the 2nd quarter. Dowling & Yahnke LLC now owns 1,325 shares of the business services provider’s stock worth $2,686,000 after purchasing an additional 25 shares during the period. Wrapmanager Inc. raised its holdings in shares of Booking by 14.7% in the 2nd quarter. Wrapmanager Inc. now owns 195 shares of the business services provider’s stock worth $395,000 after purchasing an additional 25 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in shares of Booking by 86.7% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock worth $114,000 after purchasing an additional 26 shares during the period. Finally, First Manhattan Co. raised its holdings in shares of Booking by 90.0% in the 2nd quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock worth $115,000 after purchasing an additional 27 shares during the period. 92.11% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on BKNG. Zacks Investment Research raised shares of Booking from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Morgan Stanley reaffirmed an “overweight” rating and issued a $2,200.00 price target (up previously from $2,100.00) on shares of Booking in a report on Wednesday, July 11th. SunTrust Banks reaffirmed a “buy” rating and issued a $2,300.00 price target on shares of Booking in a report on Tuesday, July 10th. Barclays lifted their price target on shares of Booking to $2,270.00 in a report on Thursday, September 27th. They noted that the move was a valuation call. Finally, Mizuho lowered their price target on shares of Booking to $2,400.00 and set a “buy” rating on the stock in a report on Friday, August 10th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $2,138.41.



Booking stock opened at $1,770.81 on Monday. Booking Holdings Inc. has a 1-year low of $1,630.56 and a 1-year high of $2,228.99. The company has a market capitalization of $84.06 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 1.40 and a beta of 1.25. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.86.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, August 9th. The business services provider reported $20.67 earnings per share for the quarter, beating analysts’ consensus estimates of $17.34 by $3.33. Booking had a net margin of 20.07% and a return on equity of 24.74%. The business had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period in the previous year, the business earned $24.39 EPS. Booking’s revenue was up 16.9% compared to the same quarter last year. Sell-side analysts forecast that Booking Holdings Inc. will post 89.45 EPS for the current year.

In related news, CEO Gillian Tans sold 295 shares of Booking 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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