National Asset Management Inc. raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 20.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 327 shares of the business services provider’s stock after purchasing an additional 56 shares during the quarter. National Asset Management Inc.’s holdings in Booking were worth $545,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in BKNG. Belpointe Asset Management LLC acquired a new stake in Booking during the 2nd quarter valued at $110,000. Highland Capital Management LLC acquired a new stake in shares of Booking during the second quarter worth $1,540,000. Granite Investment Advisors LLC acquired a new stake in shares of Booking during the second quarter worth $226,000. First Trust Advisors LP lifted its holdings in shares of Booking by 832.0% during the second quarter. First Trust Advisors LP now owns 73,205 shares of the business services provider’s stock worth $116,567,000 after buying an additional 65,350 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV acquired a new stake in shares of Booking during the second quarter worth $25,000. 86.44% of the stock is owned by institutional investors and hedge funds.
Booking stock opened at $1,992.77 on Friday. The stock’s 50 day moving average is $1,795.93 and its 200 day moving average is $1,718.55. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.17 and a quick ratio of 3.17. The firm has a market cap of $81.61 billion, a P/E ratio of 60.02, a P/E/G ratio of 35.60 and a beta of 1.10. Booking Holdings Inc. has a one year low of $1,107.29 and a one year high of $2,128.02.
Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, November 5th. The business services provider reported $12.27 EPS for the quarter, missing the Zacks’ consensus estimate of $15.98 by ($3.71). Booking had a return on equity of 25.72% and a net margin of 15.68%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the firm earned $45.54 earnings per share. Booking’s revenue was down 47.6% compared to the same quarter last year. Equities analysts anticipate that Booking Holdings Inc. will post 5.23 earnings per share for the current fiscal year.
BKNG has been the subject of a number of research reports. UBS Group dropped their target price on Booking from $1,950.00 to $1,840.00 and set a “neutral” rating for the company in a report on Friday, November 6th. BidaskClub upgraded Booking from a “sell” rating to a “hold” rating in a research report on Saturday, November 7th. ValuEngine upgraded Booking from a “hold” rating to a “buy” rating in a research report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft decreased their price target on Booking from $2,085.00 to $2,000.00 and set a “buy” rating on the stock in a research report on Tuesday, November 3rd. Finally, Needham & Company LLC decreased their price target on Booking from $2,000.00 to $1,900.00 and set a “buy” rating on the stock in a research report on Friday, November 6th. Eighteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $1,822.69.
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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