Wrapmanager Inc. increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 11.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 176 shares of the business services provider’s stock after acquiring an additional 18 shares during the quarter. Wrapmanager Inc.’s holdings in Booking were worth $330,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Weaver Consulting Group acquired a new stake in Booking during the first quarter worth about $25,000. Guidant Wealth Advisors acquired a new stake in Booking during the first quarter worth about $26,000. Horan Capital Advisors LLC. acquired a new stake in Booking during the first quarter worth about $49,000. Legacy Advisors LLC raised its stake in Booking by 172.7% during the second quarter. Legacy Advisors LLC now owns 30 shares of the business services provider’s stock worth $56,000 after acquiring an additional 19 shares during the period. Finally, Hanson McClain Inc. raised its stake in Booking by 1,650.0% during the first quarter. Hanson McClain Inc. now owns 35 shares of the business services provider’s stock worth $61,000 after acquiring an additional 33 shares during the period. Hedge funds and other institutional investors own 94.69% of the company’s stock.
In related news, Director Jeffrey E. Epstein sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $1,755.75, for a total transaction of $438,937.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gillian Tans sold 606 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $1,791.14, for a total transaction of $1,085,430.84. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.
Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $23.59 EPS for the quarter, beating the Zacks’ consensus estimate of $22.80 by $0.79. Booking had a net margin of 28.19% and a return on equity of 56.70%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the business earned $20.13 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts forecast that Booking Holdings Inc. will post 101.71 EPS for the current year.
Several equities research analysts recently weighed in on BKNG shares. Citigroup upgraded shares of Booking from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $1,800.00 to $1,745.02 in a research note on Thursday, May 23rd. Cowen restated an “outperform” rating and issued a $2,300.00 price target (up previously from $2,160.00) on shares of Booking in a research note on Thursday, August 8th. JPMorgan Chase & Co. raised their price target on shares of Booking from $1,930.00 to $2,125.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. 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, Mizuho restated a “buy” rating and issued a $2,150.00 price target (up previously from $2,050.00) on shares of Booking in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $2,066.00.
Booking Company Profile
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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