Booking Holdings Inc. (BKNG) Holdings Boosted by First Republic Investment Management Inc.

First Republic Investment Management Inc. grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 95.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,164 shares of the business services provider’s stock after buying an additional 4,954 shares during the quarter. First Republic Investment Management Inc.’s holdings in Booking were worth $20,166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Signaturefd LLC lifted its position in shares of Booking by 17.7% during the 2nd quarter. Signaturefd LLC now owns 186 shares of the business services provider’s stock worth $377,000 after buying an additional 28 shares in the last quarter. Linscomb & Williams Inc. increased its stake in shares of Booking by 6.4% during the 2nd quarter. Linscomb & Williams Inc. now owns 484 shares of the business services provider’s stock worth $981,000 after purchasing an additional 29 shares during the last quarter. Baltimore Washington Financial Advisors Inc. increased its stake in shares of Booking by 0.7% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 4,393 shares of the business services provider’s stock worth $8,717,000 after purchasing an additional 29 shares during the last quarter. Capital Wealth Management LLC increased its stake in shares of Booking by 15.0% during the 3rd quarter. Capital Wealth Management LLC now owns 222 shares of the business services provider’s stock worth $440,000 after purchasing an additional 29 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC increased its stake in shares of Booking by 12.5% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 270 shares of the business services provider’s stock worth $547,000 after purchasing an additional 30 shares during the last quarter. 92.54% of the stock is currently owned by hedge funds and other institutional investors.

BKNG has been the subject of several research analyst reports. Jefferies Financial Group lowered shares of Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 price target for the company. in a research note on Friday, August 10th. Royal Bank of Canada raised their price target on shares of Booking to $2,425.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 6th. Cowen set a $2,375.00 price target on shares of Booking and gave the stock a “buy” rating in a research note on Saturday, August 11th. DA Davidson set a $2,000.00 price target on shares of Booking and gave the stock a “hold” rating in a research note on Tuesday, November 6th. Finally, Wells Fargo & Co upgraded shares of Booking from a “market perform” rating to an “outperform” rating and set a $2,150.00 price target for the company in a research note on Monday, November 19th. Eleven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Booking presently has an average rating of “Buy” and a consensus price target of $2,157.57.

Booking stock opened at $1,834.51 on Friday. Booking Holdings Inc. has a 1-year low of $1,712.74 and a 1-year high of $2,228.99. The company has a market capitalization of $87.20 billion, a P/E ratio of 23.82, a price-to-earnings-growth ratio of 1.49 and a beta of 1.17. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.99.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Monday, November 5th. The business services provider reported $37.78 earnings per share for the quarter, missing analysts’ consensus estimates of $38.37 by ($0.59). Booking had a net margin of 19.81% and a return on equity of 26.87%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter in the prior year, the firm posted $34.43 earnings per share. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. Sell-side analysts forecast that Booking Holdings Inc. will post 89.69 EPS for the current year.

In other news, CEO Gillian Tans sold 293 shares of the business’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $1,872.01, for a total transaction of $548,498.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 883 shares of company stock valued at $1,646,347 over the last 90 days. Company insiders own 0.24% of the company’s stock.

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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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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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