Schwab Charitable Fund Increases Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Schwab Charitable Fund raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 60.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 4,564 shares of the business services provider’s stock after acquiring an additional 1,724 shares during the quarter. Booking comprises approximately 1.1% of Schwab Charitable Fund’s holdings, making the stock its 21st largest position. Schwab Charitable Fund’s holdings in Booking were worth $10,633,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BKNG. Bainco International Investors acquired a new position in Booking in the fourth quarter valued at approximately $29,000. JNBA Financial Advisors acquired a new position in Booking during the fourth quarter worth approximately $29,000. Atticus Wealth Management LLC purchased a new stake in Booking during the fourth quarter worth approximately $33,000. Clear Perspectives Financial Planning LLC acquired a new position in Booking during the 4th quarter worth approximately $38,000. Finally, Addison Advisors LLC acquired a new position in Booking during the 4th quarter worth $38,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

BKNG stock traded up $33.91 during midday trading on Thursday, reaching $2,391.64. 4,347 shares of the company were exchanged, compared to its average volume of 423,476. The firm has a market capitalization of $97.97 billion, a price-to-earnings ratio of 71.02, a price-to-earnings-growth ratio of 3.49 and a beta of 1.23. The business has a 50-day moving average price of $2,365.27 and a two-hundred day moving average price of $2,113.42. Booking Holdings Inc. has a one year low of $1,303.25 and a one year high of $2,489.41. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.17 and a quick ratio of 3.17.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Tuesday, February 23rd. The business services provider reported ($0.57) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($4.28) by $3.71. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Booking had a return on equity of 25.72% and a net margin of 15.68%. During the same quarter in the previous year, the company posted $23.30 earnings per share. As a group, analysts anticipate that Booking Holdings Inc. will post 3.01 earnings per share for the current fiscal year.

Several equities analysts have recently commented on BKNG shares. Wells Fargo & Company upped their target price on Booking from $1,800.00 to $2,250.00 and gave the company an “equal weight” rating in a report on Thursday, January 28th. Susquehanna Bancshares increased their price target on Booking from $2,100.00 to $3,000.00 and gave the stock a “positive” rating in a research note on Friday, February 26th. Cowen upped their price objective on shares of Booking from $2,550.00 to $2,700.00 and gave the stock an “outperform” rating in a report on Thursday. Susquehanna boosted their price target on shares of Booking from $2,100.00 to $3,000.00 and gave the stock a “positive” rating in a research report on Friday, February 26th. Finally, Wedbush raised their price objective on shares of Booking from $2,200.00 to $2,500.00 and gave the company a “neutral” rating in a research note on Thursday, February 25th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $2,291.48.

Booking 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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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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