BI Asset Management Fondsmaeglerselskab AS buys 92 shares of Booking Holdings Inc. (NASDAQ: BKNG)



BI Asset Management Fondsmaeglerselskab AS increased its stake in Booking Holdings Inc. (NASDAQ:BKNGGet a rating) by 66.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor held 231 shares of the business services provider after buying an additional 92 shares during the quarter. BI Asset Management Fondsmaeglerselskab AS’ holdings in Booking were worth $554,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Marlowe Partners LP increased its equity stake in Booking by 137.0% during Q3. Marlowe Partners LP now owns 9,081 shares of the business services provider worth $21,557,000 after acquiring an additional 5,250 shares during the period. Beacon Pointe Advisors LLC increased its stake in shares of Booking by 311.6% during the 3rd quarter. Beacon Pointe Advisors LLC now owns 2,050 shares of the business services provider worth $4,866,000 after acquiring an additional 1,552 shares during the period. Oxbow Advisors LLC increased its stake in shares of Booking by 5,746.7% during the 3rd quarter. Oxbow Advisors LLC now owns 5,379 shares of the business services provider worth $12,769,000 after acquiring an additional 5,287 shares during the period. The North Carolina State Treasurer increased its stake in Booking shares by 0.3% during the third quarter. The North Carolina State Treasurer now owns 17,922 shares of the business services provider worth $42,544,000 after acquiring 55 additional shares during the period. Finally, Kornitzer Capital Management Inc. KS increased its stake in Booking shares by 3.3% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 8,715 shares of the business services provider worth $20,688,000 after acquiring an additional 280 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s shares.

Several research analysts have recently commented on BKNG’s actions. Loop Capital reduced its target price when booking from $2,290.00 to $2,171.00 and set a “hold” rating for the company in a Thursday, February 24 research note. Ascendant Capital Markets raised its price target on Booking from $2,800.00 to $2,850.00 and gave the stock a “buy” rating in a Thursday, March 24 report. Gordon Haskett upgraded Booking from a “hold” rating to a “buy” rating in a Thursday, February 24 report. Morgan Stanley raised its price target on Booking from $2,660.00 to $2,820.00 and gave the stock an “equal weight” rating in a Thursday, February 24 report. Finally, Wells Fargo & Company lowered its price target on Booking from $2,750.00 to $2,500.00 in a Friday, February 25 report. Nine research analysts gave the stock a hold rating and twenty gave the stock a buy rating. According to MarketBeat, Booking has a consensus rating of “Buy” and a consensus target price of $2,734.74.

BKNG Stock opened at $2,167.42 on Monday. The stock’s 50-day simple moving average is $2,300.30 and its 200-day simple moving average is $2,354.22. Booking Holdings Inc. has a fifty-two week minimum of $1,796.45 and a fifty-two week maximum of $2,715.66. The company has a debt ratio of 1.58, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market capitalization of $89.00 billion, a P/E ratio of 77.08, a price-to-earnings growth ratio of 1.29 and a beta of 1.22.

Reservation (NASDAQ:BKNGGet a rating) last released its quarterly earnings data on Wednesday, February 23. The business services provider reported EPS of $15.83 for the quarter, beating the consensus estimate of $12.73 by $3.10. The company posted revenue of $2.98 billion in the quarter, versus a consensus estimate of $2.85 billion. Booking had a return on equity of 35.57% and a net margin of 10.63%. The company’s quarterly revenue increased by 140.8% compared to the same quarter last year. In the same period a year earlier, the company posted ($0.57) earnings per share. Stock analysts predict Booking Holdings Inc. will post 86.68 earnings per share for the current year.

Separately, Chief Financial Officer David I. Goulden sold 183 shares in a trade that took place on Tuesday, January 18. The stock was sold at an average price of $2,424.14, for a total value of $443,617.62. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the company in a transaction that took place on Tuesday, January 18. The shares were sold at an average price of $2,409.08, for a total value of $1,806,810.00. Disclosure of this sale can be found here. Company insiders own 0.27% of the company’s shares.

About booking (Get a rating)

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of online travel and restaurant reservations and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with travel service providers around the world. It offers consumers a range of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its brands Booking.com, priceline.com and agoda.com.

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Institutional Ownership by Quarter for Reservation (NASDAQ: BKNG)



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