Horan Capital Management boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 74.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,547 shares of the business services provider’s stock after acquiring an additional 4,925 shares during the period. Booking accounts for about 3.7% of Horan Capital Management’s investment portfolio, making the stock its 11th largest position. Horan Capital Management’s holdings in Booking were worth $20,148,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its holdings in Booking by 4.8% during the 4th quarter. Quadrant Capital Group LLC now owns 131 shares of the business services provider’s stock valued at $209,000 after buying an additional 6 shares in the last quarter. Shine Investment Advisory Services Inc. grew its holdings in Booking by 6.4% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 100 shares of the business services provider’s stock valued at $172,000 after buying an additional 6 shares in the last quarter. Cypress Capital Management LLC grew its holdings in Booking by 1.4% during the 4th quarter. Cypress Capital Management LLC now owns 422 shares of the business services provider’s stock valued at $727,000 after buying an additional 6 shares in the last quarter. Cypress Capital Group grew its holdings in Booking by 2.5% during the 4th quarter. Cypress Capital Group now owns 244 shares of the business services provider’s stock valued at $420,000 after buying an additional 6 shares in the last quarter. Finally, Magellan Asset Management Ltd grew its holdings in Booking by 4.4% during the 4th quarter. Magellan Asset Management Ltd now owns 165 shares of the business services provider’s stock valued at $284,000 after buying an additional 7 shares in the last quarter. Institutional investors own 92.22% of the company’s stock.

In related news, CEO Gillian Tans sold 294 shares of the firm’s stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $1,695.00, for a total value of $498,330.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey E. Epstein sold 250 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $1,715.00, for a total value of $428,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 865 shares of company stock valued at $1,489,405. 0.24% of the stock is owned by corporate insiders.

BKNG has been the subject of a number of research analyst reports. Bank of America reaffirmed a “buy” rating and set a $2,400.00 price objective (up from $2,300.00) on shares of Booking in a report on Tuesday, February 26th. Morgan Stanley lowered shares of Booking from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $2,100.00 to $2,050.00 in a report on Wednesday, January 9th. Deutsche Bank raised shares of Booking from a “hold” rating to a “buy” rating and increased their price objective for the company from $2,150.00 to $2,370.00 in a report on Tuesday, February 5th. SunTrust Banks reaffirmed a “buy” rating and set a $2,150.00 price objective on shares of Booking in a report on Thursday, February 28th. Finally, Zacks Investment Research lowered shares of Booking from a “buy” rating to a “hold” rating in a report on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $2,121.68.

Shares of BKNG stock traded up $13.16 on Monday, reaching $1,846.23. The company’s stock had a trading volume of 371,723 shares, compared to its average volume of 453,980. Booking Holdings Inc. has a 1 year low of $1,606.27 and a 1 year high of $2,201.84. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.36 and a current ratio of 2.36. The firm has a market cap of $82.55 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.40 and a beta of 1.03.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Wednesday, February 27th. The business services provider reported $22.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $19.39 by $3.10. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.23 billion. Booking had a return on equity of 44.63% and a net margin of 27.52%. Booking’s revenue was up 14.6% on a year-over-year basis. During the same period last year, the company earned $16.86 earnings per share. On average, equities analysts predict that Booking Holdings Inc. will post 101.67 EPS for the current year.

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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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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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