Motley Fool Wealth Management LLC decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,565 shares of the business services provider’s stock after selling 207 shares during the period. Booking accounts for approximately 2.2% of Motley Fool Wealth Management LLC’s holdings, making the stock its 11th biggest holding. Motley Fool Wealth Management LLC’s holdings in Booking were worth $34,138,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the stock. Motley Fool Asset Management LLC lifted its holdings in shares of Booking by 23.0% in the 1st quarter. Motley Fool Asset Management LLC now owns 732 shares of the business services provider’s stock valued at $1,277,000 after acquiring an additional 137 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Booking in the 1st quarter valued at about $379,000. Global Retirement Partners LLC lifted its holdings in shares of Booking by 14.9% in the 1st quarter. Global Retirement Partners LLC now owns 154 shares of the business services provider’s stock valued at $269,000 after acquiring an additional 20 shares during the last quarter. Independent Advisor Alliance lifted its holdings in shares of Booking by 25.1% in the 1st quarter. Independent Advisor Alliance now owns 209 shares of the business services provider’s stock valued at $365,000 after acquiring an additional 42 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Booking by 4.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,632 shares of the business services provider’s stock valued at $4,593,000 after acquiring an additional 105 shares during the last quarter. 95.44% of the stock is owned by hedge funds and other institutional investors.
NASDAQ BKNG opened at $1,792.51 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.27 and a current ratio of 1.27. Booking Holdings Inc. has a 12-month low of $1,606.27 and a 12-month high of $2,162.91. The firm has a market capitalization of $77.47 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.40 and a beta of 1.04.
Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, May 9th. The business services provider reported $11.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $11.26 by ($0.09). Booking had a return on equity of 48.32% and a net margin of 28.79%. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the firm posted $12.34 earnings per share. Booking’s revenue for the quarter was down 3.1% compared to the same quarter last year. Sell-side analysts anticipate that Booking Holdings Inc. will post 101.06 EPS for the current year.
In other Booking news, Director Jeffrey E. Epstein sold 250 shares of Booking stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $1,715.00, for a total value of $428,750.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gillian Tans sold 321 shares of Booking stock in a transaction on Monday, April 15th. The stock was sold at an average price of $1,834.00, for a total transaction of $588,714.00. The disclosure for this sale can be found here. Insiders sold 892 shares of company stock worth $1,579,789 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.
BKNG has been the subject of several analyst reports. Ascendiant Capital Markets set a $2,000.00 price objective on shares of Booking and gave the stock a “buy” rating in a research note on Tuesday. Telsey Advisory Group downgraded shares of Booking from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $2,100.00 to $1,800.00 in a research note on Tuesday, March 19th. Wedbush downgraded shares of Booking from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $2,000.00 to $1,850.00 in a research note on Friday, March 22nd. ValuEngine downgraded shares of Booking from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. Finally, Morgan Stanley raised their price objective on shares of Booking from $1,900.00 to $1,950.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $2,069.41.
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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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