Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Gabalex Capital Management LLC

Gabalex Capital Management LLC boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 40.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,500 shares of the business services provider’s stock after buying an additional 1,000 shares during the period. Booking accounts for approximately 1.7% of Gabalex Capital Management LLC’s portfolio, making the stock its 18th biggest holding. Gabalex Capital Management LLC’s holdings in Booking were worth $6,561,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Whittier Trust Co. grew its stake in shares of Booking by 16.3% in the 2nd quarter. Whittier Trust Co. now owns 50 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 7 shares during the last quarter. Good Life Advisors LLC grew its stake in shares of Booking by 6.2% in the 1st quarter. Good Life Advisors LLC now owns 138 shares of the business services provider’s stock valued at $239,000 after purchasing an additional 8 shares during the last quarter. Corient Capital Partners LLC grew its stake in shares of Booking by 2.8% in the 1st quarter. Corient Capital Partners LLC now owns 290 shares of the business services provider’s stock valued at $506,000 after purchasing an additional 8 shares during the last quarter. Budros Ruhlin & Roe Inc. boosted its stake in shares of Booking by 7.4% in the first quarter. Budros Ruhlin & Roe Inc. now owns 130 shares of the business services provider’s stock valued at $227,000 after buying an additional 9 shares in the last quarter. Finally, Condor Capital Management boosted its stake in shares of Booking by 1.0% in the first quarter. Condor Capital Management now owns 931 shares of the business services provider’s stock valued at $1,625,000 after buying an additional 9 shares in the last quarter. 94.69% of the stock is currently owned by institutional investors.

BKNG has been the topic of a number of analyst reports. Credit Suisse Group restated an “outperform” rating and issued a $2,250.00 price target (up from $2,235.00) on shares of Booking in a research note on Friday, May 10th. Zacks Investment Research upgraded Booking from a “sell” rating to a “hold” rating and set a $1,988.00 price target on the stock in a research note on Tuesday, July 23rd. Evercore ISI restated a “neutral” rating on shares of Booking in a research note on Sunday. SunTrust Banks restated a “buy” rating and issued a $2,150.00 price target on shares of Booking in a research note on Thursday, July 18th. Finally, UBS Group decreased their price target on Booking from $2,000.00 to $1,960.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $2,066.00.



In other news, CEO Gillian Tans sold 606 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $1,791.14, for a total value of $1,085,430.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey E. Epstein sold 250 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $1,755.75, for a total value of $438,937.50. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Shares of NASDAQ BKNG traded down $2.24 during trading on Thursday, reaching $1,888.95. The company had a trading volume of 15,666 shares, compared to its average volume of 324,407. Booking Holdings Inc. has a twelve month low of $1,606.27 and a twelve month high of $2,019.48. The stock has a market capitalization of $81.49 billion, a PE ratio of 20.44, a PEG ratio of 1.41 and a beta of 1.14. The business’s 50-day simple moving average is $1,891.21. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.74.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $23.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $22.80 by $0.79. Booking had a return on equity of 56.70% and a net margin of 28.19%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the previous year, the firm posted $20.13 earnings per share. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities research analysts expect that Booking Holdings Inc. will post 101.71 EPS for the current fiscal year.

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: What factors cause inflation to rise?

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG).

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.