Fidelis Capital Partners LLC Increases Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Fidelis Capital Partners LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 6.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 149 shares of the business services provider’s stock after acquiring an additional 9 shares during the period. Fidelis Capital Partners LLC’s holdings in Booking were worth $643,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Jamison Private Wealth Management Inc. acquired a new position in Booking during the third quarter worth $25,000. Grove Bank & Trust increased its holdings in shares of Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares in the last quarter. POM Investment Strategies LLC purchased a new position in shares of Booking in the 2nd quarter valued at about $28,000. Kings Path Partners LLC purchased a new stake in Booking during the second quarter worth about $28,000. Finally, West Financial Advisors LLC acquired a new position in Booking during the third quarter worth about $29,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Evercore ISI decreased their price target on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. DA Davidson decreased their target price on Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $3,900.00 price target on shares of Booking in a research report on Monday, August 5th. Jefferies Financial Group boosted their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley raised their target price on shares of Booking from $4,000.00 to $4,200.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average price target of $4,256.89.

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Booking Trading Up 0.8 %

Shares of BKNG opened at $4,463.93 on Thursday. Booking Holdings Inc. has a twelve month low of $2,756.13 and a twelve month high of $4,477.88. The firm has a market capitalization of $149.63 billion, a P/E ratio of 31.25, a price-to-earnings-growth ratio of 1.44 and a beta of 1.40. The stock’s fifty day simple moving average is $4,100.42 and its 200 day simple moving average is $3,866.59.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The company had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same period last year, the business posted $37.62 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Sell-side analysts predict that Booking Holdings Inc. will post 177.29 earnings per share for the current 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.