Booking Holdings Inc. (BKNG) Position Decreased by Bronfman E.L. Rothschild L.P.
Bronfman E.L. Rothschild L.P. lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 9.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 285 shares of the business services provider’s stock after selling 30 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Booking were worth $565,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. First Manhattan Co. increased its holdings in shares of Booking by 90.0% in the second quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock valued at $115,000 after purchasing an additional 27 shares during the last quarter. Smith Asset Management Group LP bought a new stake in shares of Booking in the second quarter valued at about $12,669,000. First Trust Advisors LP bought a new stake in shares of Booking in the second quarter valued at about $41,590,000. Alps Advisors Inc. boosted its position in shares of Booking by 69.4% in the second quarter. Alps Advisors Inc. now owns 310 shares of the business services provider’s stock valued at $628,000 after acquiring an additional 127 shares during the period. Finally, LMR Partners LLP bought a new stake in shares of Booking in the second quarter valued at about $290,000. Hedge funds and other institutional investors own 92.54% of the company’s stock.
BKNG has been the subject of a number of recent research reports. Benchmark reissued a “hold” rating on shares of Booking in a research report on Thursday, August 9th. SunTrust Banks reissued a “buy” rating and issued a $2,300.00 target price on shares of Booking in a research report on Thursday, August 9th. Stifel Nicolaus cut shares of Booking from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Piper Jaffray Companies reissued an “overweight” rating and issued a $2,100.00 target price on shares of Booking in a research report on Thursday, August 9th. Finally, UBS Group raised shares of Booking from a “neutral” rating to a “buy” rating and boosted their target price for the company from $2,060.00 to $2,320.00 in a research report on Friday, August 10th. Eleven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Booking currently has a consensus rating of “Buy” and an average target price of $2,157.57.
Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Monday, November 5th. The business services provider reported $37.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $38.37 by ($0.59). Booking had a return on equity of 26.87% and a net margin of 19.81%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the prior year, the company earned $34.43 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts anticipate that Booking Holdings Inc. will post 89.57 EPS for the current fiscal year.
In other news, CEO Gillian Tans sold 295 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $1,917.94, for a total value of $565,792.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 883 shares of company stock valued at $1,646,347 in the last three months. Company insiders own 0.24% of the company’s stock.
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Booking Company 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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