Commerce Bank lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 17.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,153 shares of the business services provider’s stock after selling 671 shares during the quarter. Commerce Bank’s holdings in Booking were worth $4,242,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Total Clarity Wealth Management Inc. bought a new stake in Booking in the fourth quarter valued at approximately $25,000. Savior LLC bought a new position in shares of Booking during the fourth quarter valued at approximately $27,000. CNB Bank bought a new position in shares of Booking during the fourth quarter valued at approximately $29,000. IndexIQ Advisors LLC bought a new position in shares of Booking during the fourth quarter valued at approximately $31,000. Finally, Samalin Investment Counsel LLC bought a new position in shares of Booking during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 91.89% of the company’s stock.
BKNG stock opened at $1,631.30 on Friday. Booking Holdings Inc. has a fifty-two week low of $1,107.29 and a fifty-two week high of $2,094.00. The business’s 50-day moving average is $1,408.00 and its two-hundred day moving average is $1,733.66. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market cap of $65.31 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 6.40 and a beta of 1.03.
Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, May 7th. The business services provider reported $3.77 earnings per share for the quarter, missing analysts’ consensus estimates of $6.12 by ($2.35). Booking had a net margin of 23.43% and a return on equity of 78.22%. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the company posted $11.17 EPS. The firm’s revenue was down 19.4% compared to the same quarter last year. Equities analysts predict that Booking Holdings Inc. will post 22.02 earnings per share for the current year.
BKNG has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their target price on Booking from $1,535.00 to $1,550.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Bank of America decreased their target price on Booking from $2,300.00 to $2,067.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Susquehanna Bancshares reduced their price target on Booking from $2,250.00 to $1,700.00 in a research note on Monday, May 11th. Tigress Financial reaffirmed a “buy” rating on shares of Booking in a research note on Friday, January 31st. Finally, Cowen reduced their price target on Booking from $2,000.00 to $1,650.00 and set an “outperform” rating on the stock in a research note on Monday, March 9th. They noted that the move was a valuation call. Eighteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Booking has a consensus rating of “Hold” and a consensus price target of $1,730.96.
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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