New Mountain Vantage Advisers L.L.C. increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 69.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,063 shares of the business services provider’s stock after purchasing an additional 6,588 shares during the period. Booking makes up approximately 1.0% of New Mountain Vantage Advisers L.L.C.’s investment portfolio, making the stock its 11th largest holding. New Mountain Vantage Advisers L.L.C.’s holdings in Booking were worth $30,113,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Weaver Consulting Group acquired a new position in Booking in the first quarter valued at about $25,000. TRUE Private Wealth Advisors acquired a new position in Booking in the second quarter valued at about $50,000. Tortoise Investment Management LLC grew its stake in Booking by 833.3% in the second quarter. Tortoise Investment Management LLC now owns 28 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 25 shares during the period. Capital Investment Advisory Services LLC boosted its position in shares of Booking by 480.0% during the second quarter. Capital Investment Advisory Services LLC now owns 29 shares of the business services provider’s stock worth $55,000 after buying an additional 24 shares during the period. Finally, Legacy Advisors LLC boosted its position in shares of 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 buying an additional 19 shares during the period. 92.22% of the stock is owned by institutional investors and hedge funds.
BKNG has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price objective on Booking from $1,930.00 to $2,125.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Zacks Investment Research cut Booking from a “buy” rating to a “hold” rating and set a $2,153.00 price objective for the company. in a research report on Thursday, September 12th. Mizuho reaffirmed a “buy” rating and set a $2,150.00 price objective (up from $2,050.00) on shares of Booking in a research report on Thursday, August 8th. Deutsche Bank upped their price objective on Booking from $2,175.00 to $2,275.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, Evercore ISI reaffirmed a “neutral” rating on shares of Booking in a research report on Sunday, August 11th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Booking has a consensus rating of “Hold” and a consensus target price of $2,073.17.
Booking (NASDAQ:BKNG) last released its earnings results on Wednesday, August 7th. The business services provider reported $23.59 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the company posted $20.13 earnings per share. Booking’s revenue was up 8.8% on a year-over-year basis. As a group, equities research analysts expect that Booking Holdings Inc. will post 102.15 EPS for the current fiscal year.
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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