Optas LLC boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 99.4% in the third quarter, HoldingsChannel reports. The fund owned 329 shares of the business services provider’s stock after purchasing an additional 164 shares during the quarter. Optas LLC’s holdings in Booking were worth $562,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Handelsbanken Fonder AB purchased a new position in shares of Booking in the second quarter worth $15,140,000. Raymond James Trust N.A. lifted its stake in shares of Booking by 25.3% in the second quarter. Raymond James Trust N.A. now owns 866 shares of the business services provider’s stock worth $1,379,000 after buying an additional 175 shares in the last quarter. Zeke Capital Advisors LLC purchased a new position in shares of Booking in the second quarter worth about $301,000. Chartwell Investment Partners LLC lifted its stake in shares of Booking by 20.5% in the second quarter. Chartwell Investment Partners LLC now owns 659 shares of the business services provider’s stock worth $1,049,000 after buying an additional 112 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in Booking by 6.9% during the second quarter. Harbor Investment Advisory LLC now owns 139 shares of the business services provider’s stock worth $221,000 after purchasing an additional 9 shares during the period. 92.64% of the stock is owned by institutional investors.
NASDAQ:BKNG traded down $56.51 during trading hours on Monday, reaching $1,767.04. The company had a trading volume of 3,153 shares, compared to its average volume of 512,597. The stock has a 50-day moving average of $1,755.16 and a two-hundred day moving average of $1,657.60. Booking Holdings Inc. has a one year low of $1,107.29 and a one year high of $2,094.00. The firm has a market capitalization of $74.67 billion, a PE ratio of 29.90, a PEG ratio of 5.17 and a beta of 1.16. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 2.89.
Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, August 6th. The business services provider reported ($10.81) EPS for the quarter, topping the consensus estimate of ($11.87) by $1.06. Booking had a return on equity of 53.57% and a net margin of 22.52%. The company had revenue of $630.00 million for the quarter, compared to analysts’ expectations of $592.94 million. During the same quarter in the prior year, the business earned $23.59 earnings per share. The business’s revenue for the quarter was down 83.6% on a year-over-year basis. As a group, sell-side analysts expect that Booking Holdings Inc. will post 20.04 earnings per share for the current year.
A number of research firms have recently issued reports on BKNG. Barclays boosted their price target on shares of Booking from $1,900.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Wednesday, October 14th. Truist lifted their price objective on shares of Booking from $2,080.00 to $2,120.00 in a report on Monday, October 19th. ValuEngine upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. Oppenheimer restated a “hold” rating on shares of Booking in a research report on Friday, August 7th. Finally, UBS Group restated a “neutral” rating and set a $1,950.00 price objective (up previously from $1,850.00) on shares of Booking in a research report on Friday, September 11th. Nineteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $1,850.39.
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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