Artemis Investment Management LLP raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 270.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,988 shares of the business services provider’s stock after acquiring an additional 13,856 shares during the period. Artemis Investment Management LLP’s holdings in Booking were worth $37,193,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. FMR LLC lifted its stake in Booking by 8.3% during the 1st quarter. FMR LLC now owns 997,623 shares of the business services provider’s stock valued at $1,740,762,000 after acquiring an additional 76,561 shares in the last quarter. Edgewood Management LLC increased its position in shares of Booking by 0.9% during the 2nd quarter. Edgewood Management LLC now owns 682,058 shares of the business services provider’s stock valued at $1,278,661,000 after purchasing an additional 5,986 shares during the last quarter. Investec Asset Management LTD increased its position in shares of Booking by 45.2% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the business services provider’s stock valued at $946,177,000 after purchasing an additional 201,869 shares during the last quarter. Morgan Stanley increased its position in shares of Booking by 2.0% during the 2nd quarter. Morgan Stanley now owns 648,282 shares of the business services provider’s stock valued at $1,215,342,000 after purchasing an additional 12,951 shares during the last quarter. Finally, Thoroughbred Financial Services LLC increased its position in shares of Booking by 197,303.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 596,157 shares of the business services provider’s stock valued at $59,616,000 after purchasing an additional 595,855 shares during the last quarter. Institutional investors and hedge funds own 92.23% of the company’s stock.
BKNG stock traded up $14.27 during mid-day trading on Thursday, reaching $1,957.60. 64,622 shares of the company traded hands, compared to its average volume of 315,830. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market capitalization of $82.21 billion, a P/E ratio of 21.14, a P/E/G ratio of 1.46 and a beta of 1.12. Booking Holdings Inc. has a 52-week low of $1,606.27 and a 52-week high of $2,081.81. The company has a fifty day moving average price of $1,979.06 and a 200-day moving average price of $1,865.04.
Booking (NASDAQ:BKNG) last posted its earnings results on Wednesday, August 7th. The business services provider reported $23.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $22.80 by $0.79. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.78 billion. Booking had a return on equity of 56.70% and a net margin of 28.19%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $20.13 EPS. As a group, analysts forecast that Booking Holdings Inc. will post 102.15 EPS for the current year.
BKNG has been the subject of several research analyst reports. SunTrust Banks reaffirmed a “buy” rating and set a $2,150.00 target price on shares of Booking in a research report on Thursday, July 18th. Cowen reaffirmed an “outperform” rating and set a $2,300.00 target price (up from $2,160.00) on shares of Booking in a research report on Thursday, August 8th. Evercore ISI reaffirmed a “neutral” rating on shares of Booking in a research report on Sunday, August 11th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $1,900.00 target price (up from $1,800.00) on shares of Booking in a research report on Thursday, August 8th. Finally, Zacks Investment Research lowered Booking from a “buy” rating to a “hold” rating and set a $2,153.00 target price for the company. in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $2,079.70.
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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