Foundations Investment Advisors LLC Purchases 58 Shares of Booking Holdings Inc. (NASDAQ:BKNG)
Foundations Investment Advisors LLC increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 9.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 684 shares of the business services provider’s stock after purchasing an additional 58 shares during the period. Foundations Investment Advisors LLC’s holdings in Booking were worth $1,142,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Total Clarity Wealth Management Inc. purchased a new stake in shares of Booking during the 4th quarter valued at about $25,000. State of Michigan Retirement System boosted its stake in Booking by 32.2% during the first quarter. State of Michigan Retirement System now owns 38,510 shares of the business services provider’s stock worth $29,000 after buying an additional 9,385 shares during the period. Sugarloaf Wealth Management LLC boosted its stake in shares of Booking by 155.6% during the first quarter. Sugarloaf Wealth Management LLC now owns 23 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 14 shares during the period. Americana Partners LLC purchased a new stake in Booking in the fourth quarter worth about $39,000. Finally, TFG Advisers LLC bought a new position in Booking in the fourth quarter worth about $41,000. 92.38% of the stock is owned by institutional investors and hedge funds.
BKNG has been the subject of a number of recent research reports. Citigroup cut their target price on Booking from $2,000.00 to $1,700.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,750.00 price target (down previously from $2,000.00) on shares of Booking in a research report on Tuesday, May 5th. Royal Bank of Canada boosted their target price on Booking from $1,535.00 to $1,550.00 and gave the company an “outperform” rating in a report on Friday, May 8th. JPMorgan Chase & Co. decreased their price target on Booking from $1,520.00 to $1,460.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Finally, BTIG Research started coverage on Booking in a research report on Wednesday, June 10th. They set a “neutral” rating on the stock. Eighteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $1,712.81.
Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, May 7th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.12 by ($2.35). The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.19 billion. Booking had a net margin of 23.43% and a return on equity of 78.22%. Booking’s revenue for the quarter was down 19.4% on a year-over-year basis. During the same period in the previous year, the business posted $11.17 EPS. As a group, sell-side analysts predict that Booking Holdings Inc. will post 17.72 earnings per share for the current year.
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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