RMB Capital Management LLC Boosts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

RMB Capital Management LLC raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,595 shares of the business services provider’s stock after purchasing an additional 1,015 shares during the quarter. Booking accounts for 1.1% of RMB Capital Management LLC’s portfolio, making the stock its 22nd largest position. RMB Capital Management LLC’s holdings in Booking were worth $22,326,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BKNG. Total Clarity Wealth Management Inc. purchased a new stake in Booking during the 4th quarter valued at about $25,000. Savior LLC purchased a new stake in Booking during the 4th quarter valued at about $27,000. CNB Bank purchased a new stake in Booking during the 4th quarter valued at about $29,000. State of Michigan Retirement System grew its stake in Booking by 32.2% during the 1st quarter. State of Michigan Retirement System now owns 38,510 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 9,385 shares during the last quarter. Finally, IndexIQ Advisors LLC purchased a new stake in Booking during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 91.89% of the company’s stock.

Shares of Booking stock traded up $35.62 during mid-day trading on Friday, reaching $1,631.30. 560,967 shares of the stock traded hands, compared to its average volume of 632,610. The business has a 50-day moving average of $1,408.00 and a 200 day moving average of $1,733.66. Booking Holdings Inc. has a fifty-two week low of $1,107.29 and a fifty-two week high of $2,094.00. The stock has a market capitalization of $65.31 billion, a PE ratio of 20.72, a PEG ratio of 6.40 and a beta of 1.03. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 2.35.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, May 7th. The business services provider reported $3.77 EPS for the quarter, missing analysts’ consensus estimates of $6.12 by ($2.35). Booking had a net margin of 23.43% and a return on equity of 78.22%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the company earned $11.17 EPS. Booking’s revenue was down 19.4% compared to the same quarter last year. On average, equities research analysts expect that Booking Holdings Inc. will post 22.02 EPS for the current fiscal year.

BKNG has been the topic of a number of recent research reports. SunTrust Banks lowered their target price on Booking from $2,070.00 to $2,030.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Zacks Investment Research upgraded Booking from a “sell” rating to a “hold” rating and set a $1,434.00 target price on the stock in a research note on Thursday, March 26th. Raymond James restated a “hold” rating on shares of Booking in a research note on Friday, February 21st. ValuEngine upgraded Booking from a “sell” rating to a “hold” rating in a research note on Friday, March 6th. Finally, Cowen lowered their target price on Booking from $2,000.00 to $1,650.00 and set an “outperform” rating on the stock in a research note on Monday, March 9th. They noted that the move was a valuation call. Eighteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $1,730.96.

Booking 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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