Advisor Resource Council Invests $324,000 in Booking Holdings Inc. (NASDAQ:BKNG)

Advisor Resource Council acquired a new position in Booking Holdings Inc. (NASDAQ:BKNGGet Rating) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 135 shares of the business services provider’s stock, valued at approximately $324,000.

Several other large investors also recently bought and sold shares of the company. CALIFORNIA FIRST LEASING Corp purchased a new stake in shares of Booking in the 4th quarter worth $369,000. QCM Cayman Ltd. purchased a new stake in shares of Booking in the 4th quarter worth $590,000. Causeway Capital Management LLC increased its stake in shares of Booking by 22.4% in the 4th quarter. Causeway Capital Management LLC now owns 54,315 shares of the business services provider’s stock worth $130,314,000 after purchasing an additional 9,947 shares in the last quarter. Core Alternative Capital bought a new position in Booking in the 4th quarter worth $163,000. Finally, MYDA Advisors LLC bought a new position in Booking in the 4th quarter worth $6,238,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Several research analysts recently weighed in on BKNG shares. JMP Securities dropped their target price on shares of Booking from $2,900.00 to $2,750.00 and set an “outperform” rating for the company in a report on Thursday, February 24th. Wells Fargo & Company dropped their target price on shares of Booking from $2,750.00 to $2,500.00 in a report on Friday, February 25th. Morgan Stanley upped their target price on shares of Booking from $2,660.00 to $2,820.00 and gave the stock an “equal weight” rating in a report on Thursday, February 24th. Evercore ISI upped their target price on shares of Booking from $2,900.00 to $3,000.00 in a report on Thursday, May 5th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $2,460.00 target price on shares of Booking in a report on Friday, May 6th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $2,790.79.

In other news, CFO David I. Goulden sold 183 shares of the firm’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $2,210.00, for a total transaction of $404,430.00. Following the transaction, the chief financial officer now directly owns 6,569 shares of the company’s stock, valued at $14,517,490. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $2,199.81, for a total transaction of $1,649,857.50. Following the transaction, the chief executive officer now directly owns 49,265 shares in the company, valued at $108,373,639.65. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Booking stock opened at $2,115.90 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.72 and a quick ratio of 1.72. Booking Holdings Inc. has a 1-year low of $1,796.45 and a 1-year high of $2,715.66. The firm has a market capitalization of $85.95 billion, a P/E ratio of 171.19, a price-to-earnings-growth ratio of 1.03 and a beta of 1.18. The company’s 50-day moving average is $2,194.93 and its 200 day moving average is $2,295.37.

Booking (NASDAQ:BKNGGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The business services provider reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $4.04. Booking had a net margin of 4.16% and a return on equity of 43.44%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the company posted ($5.26) EPS. The firm’s revenue for the quarter was up 136.6% on a year-over-year basis. Research analysts anticipate that Booking Holdings Inc. will post 100.71 earnings per share for the current fiscal year.

Booking Company Profile (Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNGGet Rating).

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.