Wedge Capital Management L L P NC Makes New $209,000 Investment in Booking Holdings Inc. (NASDAQ:BKNG)

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Wedge Capital Management L L P NC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 102 shares of the business services provider’s stock, valued at approximately $209,000.

A number of other hedge funds have also recently modified their holdings of BKNG. Nuveen Asset Management LLC raised its stake in Booking by 2,043.6% during the second quarter. Nuveen Asset Management LLC now owns 246,130 shares of the business services provider’s stock worth $461,422,000 after purchasing an additional 234,648 shares during the period. DNB Asset Management AS purchased a new position in Booking during the third quarter worth about $99,173,000. Maverick Capital Ltd. raised its stake in Booking by 120.0% during the second quarter. Maverick Capital Ltd. now owns 89,427 shares of the business services provider’s stock worth $167,650,000 after purchasing an additional 48,771 shares during the period. Waddell & Reed Financial Inc. raised its stake in Booking by 41.4% during the second quarter. Waddell & Reed Financial Inc. now owns 103,304 shares of the business services provider’s stock worth $193,665,000 after purchasing an additional 30,231 shares during the period. Finally, Platinum Investment Management Ltd. raised its stake in Booking by 37.7% during the second quarter. Platinum Investment Management Ltd. now owns 103,658 shares of the business services provider’s stock worth $194,329,000 after purchasing an additional 28,356 shares during the period. 92.24% of the stock is currently owned by institutional investors.

A number of research firms have recently issued reports on BKNG. Bank of America downgraded shares of Booking from a “buy” rating to a “neutral” rating in a research note on Friday, November 1st. JMP Securities reissued an “outperform” rating and issued a $2,300.00 price target on shares of Booking in a research note on Friday, December 20th. Deutsche Bank boosted their price target on shares of Booking from $2,250.00 to $2,350.00 and gave the company a “buy” rating in a research note on Friday, November 8th. ValuEngine downgraded shares of Booking from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Co downgraded shares of Booking from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $2,000.00 to $2,150.00 in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $2,123.46.

NASDAQ BKNG opened at $2,054.69 on Tuesday. Booking Holdings Inc. has a one year low of $1,640.54 and a one year high of $2,094.00. The company’s 50 day moving average price is $2,018.01 and its 200 day moving average price is $1,962.76. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market capitalization of $86.01 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 1.37 and a beta of 1.10.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, November 7th. The business services provider reported $45.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $44.87 by $0.49. The company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $5.07 billion. Booking had a net margin of 29.05% and a return on equity of 67.17%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $37.78 earnings per share. Sell-side analysts forecast that Booking Holdings Inc. will post 101.38 EPS for the current fiscal year.

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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