Cozad Asset Management Inc. Has $1 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Cozad Asset Management Inc. lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 96.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 218 shares of the business services provider’s stock after acquiring an additional 107 shares during the period. Cozad Asset Management Inc.’s holdings in Booking were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bernard Wealth Management Corp. bought a new stake in shares of Booking during the fourth quarter worth about $30,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Booking in the fourth quarter worth approximately $40,000. Alpine Bank Wealth Management bought a new position in shares of Booking in the first quarter valued at approximately $41,000. North Capital Inc. purchased a new position in shares of Booking during the first quarter valued at approximately $46,000. Finally, Mechanics Financial Corp bought a new stake in Booking during the first quarter worth $46,000. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

BKNG opened at $5,590.77 on Wednesday. The stock has a market capitalization of $181.92 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,839.41. The company has a fifty day moving average of $5,558.09 and a 200 day moving average of $5,061.42.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $50.32 by $5.08. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The firm had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.54 billion. During the same period in the previous year, the firm posted $41.90 earnings per share. The business’s revenue was up 16.0% compared to the same quarter last year. On average, equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $5,695.00, for a total value of $5,769,035.00. Following the completion of the transaction, the chief executive officer directly owned 26,633 shares of the company’s stock, valued at $151,674,935. This trade represents a 3.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 3,039 shares of company stock worth $16,963,769 over the last quarter. 0.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. B. Riley increased their price target on shares of Booking from $6,000.00 to $6,100.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Morgan Stanley dropped their price objective on Booking from $5,000.00 to $4,800.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. BTIG Research raised Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 price objective for the company in a report on Friday, April 4th. JPMorgan Chase & Co. boosted their target price on Booking from $5,360.00 to $6,000.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Finally, UBS Group increased their price target on Booking from $5,750.00 to $6,300.00 and gave the stock a “buy” rating in a research note on Monday. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5,481.78.

About Booking

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.