Arrow Financial Corp decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 12.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 614 shares of the business services provider’s stock after selling 89 shares during the period. Arrow Financial Corp’s holdings in Booking were worth $1,205,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Gradient Investments LLC bought a new position in Booking during the third quarter worth about $29,000. FNY Investment Advisers LLC bought a new position in Booking during the third quarter worth about $29,000. Squar Milner Financial Services LLC lifted its stake in Booking by 100.0% during the third quarter. Squar Milner Financial Services LLC now owns 16 shares of the business services provider’s stock worth $31,000 after purchasing an additional 8 shares during the period. Financial Advantage Inc. bought a new position in Booking during the third quarter worth about $39,000. Finally, Investors Research Corp lifted its stake in Booking by 633.3% during the third quarter. Investors Research Corp now owns 22 shares of the business services provider’s stock worth $43,000 after purchasing an additional 19 shares during the period. Hedge funds and other institutional investors own 92.27% of the company’s stock.
Shares of Booking stock traded up $1.12 during midday trading on Monday, reaching $2,057.05. The company had a trading volume of 195,706 shares, compared to its average volume of 396,844. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $86.88 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 1.53 and a beta of 1.12. The stock has a fifty day simple moving average of $2,002.59 and a 200 day simple moving average of $1,885.89. Booking Holdings Inc. has a 1-year low of $1,606.27 and a 1-year high of $2,081.81.
Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $23.59 earnings per share for the quarter, beating analysts’ consensus estimates of $22.80 by $0.79. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.78 billion. Booking had a net margin of 28.19% and a return on equity of 56.70%. Booking’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $20.13 earnings per share. Sell-side analysts expect that Booking Holdings Inc. will post 102.19 earnings per share for the current year.
BKNG has been the subject of a number of research analyst reports. Mizuho reiterated a “buy” rating and issued a $2,150.00 target price (up previously from $2,050.00) on shares of Booking in a research note on Thursday, August 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $2,100.00 target price (down previously from $2,150.00) on shares of Booking in a research note on Thursday, August 8th. Wells Fargo & Co cut shares of Booking from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $2,000.00 to $2,150.00 in a research note on Thursday, September 26th. Raymond James cut shares of Booking from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, Barclays reiterated a “buy” rating and issued a $2,160.00 target price on shares of Booking in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $2,087.41.
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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