Kore Private Wealth LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 175 shares of the business services provider’s stock after purchasing an additional 10 shares during the period. Kore Private Wealth LLC’s holdings in Booking were worth $383,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of BKNG. E Fund Management Co. Ltd. bought a new position in Booking during the first quarter valued at about $1,123,000. Quilter Plc increased its stake in Booking by 21.8% during the first quarter. Quilter Plc now owns 319 shares of the business services provider’s stock valued at $743,000 after acquiring an additional 57 shares during the period. Ensign Peak Advisors Inc increased its stake in Booking by 41.5% during the first quarter. Ensign Peak Advisors Inc now owns 12,053 shares of the business services provider’s stock valued at $28,082,000 after acquiring an additional 3,536 shares during the period. Moors & Cabot Inc. grew its stake in shares of Booking by 4.5% in the 1st quarter. Moors & Cabot Inc. now owns 233 shares of the business services provider’s stock valued at $543,000 after purchasing an additional 10 shares during the period. Finally, Cresset Asset Management LLC grew its stake in shares of Booking by 29.8% in the 1st quarter. Cresset Asset Management LLC now owns 653 shares of the business services provider’s stock valued at $1,521,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 89.68% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Cowen upped their price objective on Booking from $2,700.00 to $2,950.00 and gave the company an “outperform” rating in a research note on Tuesday. Stifel Nicolaus upped their price objective on Booking from $2,400.00 to $2,450.00 and gave the company a “hold” rating in a research note on Thursday, August 5th. The Goldman Sachs Group assumed coverage on Booking in a research report on Monday, September 13th. They set a “neutral” rating and a $2,230.00 price target on the stock. Piper Sandler increased their price target on Booking from $2,345.00 to $2,375.00 and gave the stock a “neutral” rating in a research report on Thursday, August 5th. Finally, Credit Suisse Group increased their price target on Booking from $2,675.00 to $3,100.00 and gave the stock an “outperform” rating in a research report on Thursday, August 5th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2,486.96.
Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, August 3rd. The business services provider reported ($2.55) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($2.69) by $0.14. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $1.89 billion. Booking had a return on equity of 3.32% and a net margin of 5.77%. The firm’s quarterly revenue was up 242.9% on a year-over-year basis. During the same quarter in the prior year, the business posted ($10.81) EPS. Research analysts anticipate that Booking Holdings Inc. will post 42.24 earnings per share for the current fiscal year.
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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