Davis R M Inc. Boosts Stake in Booking Holdings Inc. (BKNG)

Davis R M Inc. grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,979 shares of the business services provider’s stock after purchasing an additional 179 shares during the period. Davis R M Inc.’s holdings in Booking were worth $23,766,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MUFG Securities EMEA plc purchased a new position in Booking during the second quarter valued at approximately $109,000. LFA Lugano Financial Advisors SA purchased a new position in Booking during the third quarter valued at approximately $109,000. Harvest Fund Management Co. Ltd grew its stake in Booking by 86.7% during the second quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 26 shares in the last quarter. First Manhattan Co. grew its stake in Booking by 90.0% during the second quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock valued at $115,000 after acquiring an additional 27 shares in the last quarter. Finally, WealthTrust Fairport LLC purchased a new position in Booking during the first quarter valued at approximately $121,000. 92.82% of the stock is currently owned by institutional investors.

In other Booking news, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $1,803.58, for a total value of $532,056.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by insiders.

Several brokerages recently commented on BKNG. Benchmark reaffirmed a “hold” rating on shares of Booking in a research note on Thursday, August 9th. Stifel Nicolaus cut shares of Booking from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. DA Davidson set a $1,990.00 price objective on shares of Booking and gave the company a “hold” rating in a research note on Friday, August 10th. ValuEngine raised shares of Booking from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $2,300.00 price objective on shares of Booking in a research note on Thursday, August 9th. Fourteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $2,145.70.

BKNG stock traded up $20.24 during midday trading on Wednesday, reaching $1,850.51. The company had a trading volume of 326,000 shares, compared to its average volume of 429,552. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.92 and a quick ratio of 1.92. Booking Holdings Inc. has a 1 year low of $1,630.56 and a 1 year high of $2,228.99. The stock has a market cap of $94.18 billion, a PE ratio of 23.76, a P/E/G ratio of 1.57 and a beta of 1.25.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, August 9th. The business services provider reported $20.67 EPS for the quarter, topping the Zacks’ consensus estimate of $17.34 by $3.33. Booking had a net margin of 20.07% and a return on equity of 24.74%. The business had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter in the previous year, the company earned $24.39 EPS. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. On average, research analysts expect that Booking Holdings Inc. will post 89.26 EPS for the current fiscal year.

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.

Further Reading: Diversification

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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