30,666 Shares in Booking Holdings Inc. (BKNG) Purchased by Great Lakes Advisors LLC
Great Lakes Advisors LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,666 shares of the business services provider’s stock, valued at approximately $53,509,000. Booking comprises 1.2% of Great Lakes Advisors LLC’s portfolio, making the stock its 18th largest position.
A number of other institutional investors have also added to or reduced their stakes in the business. Guidant Wealth Advisors acquired a new stake in shares of Booking during the first quarter valued at about $26,000. Truvestments Capital LLC acquired a new stake in shares of Booking during the first quarter valued at about $44,000. Horan Capital Advisors LLC. acquired a new stake in shares of Booking during the first quarter valued at about $49,000. Hanson McClain Inc. boosted its stake in shares of Booking by 1,650.0% during the first quarter. Hanson McClain Inc. now owns 35 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 33 shares in the last quarter. Finally, Next Capital Management LLC acquired a new stake in shares of Booking during the fourth quarter valued at about $64,000. Hedge funds and other institutional investors own 95.44% of the company’s stock.
In other Booking news, CEO Gillian Tans sold 606 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $1,778.60, for a total value of $1,077,831.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey E. Epstein sold 250 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were 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 ninety days, insiders sold 1,498 shares of company stock worth $2,657,620. 0.24% of the stock is owned by insiders.
Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, May 9th. The business services provider reported $11.17 EPS for the quarter, missing the Zacks’ consensus estimate of $11.26 by ($0.09). The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.93 billion. Booking had a return on equity of 48.32% and a net margin of 28.79%. Booking’s revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $12.34 earnings per share. Equities analysts predict that Booking Holdings Inc. will post 100.99 earnings per share for the current fiscal year.
A number of analysts have recently commented on BKNG shares. Deutsche Bank raised Booking from a “hold” rating to a “buy” rating and lifted their price target for the company from $2,150.00 to $2,370.00 in a research note on Tuesday, February 5th. Cowen lifted their price target on Booking from $2,200.00 to $2,300.00 and gave the company a “positive” rating in a research note on Thursday, February 21st. Bank of America reissued a “buy” rating and set a $2,400.00 price target (up from $2,300.00) on shares of Booking in a research note on Tuesday, February 26th. Piper Jaffray Companies lowered Booking from an “overweight” rating to a “neutral” rating and cut their price target for the company from $2,100.00 to $1,800.00 in a research note on Thursday, February 28th. Finally, Atlantic Securities lowered Booking from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $2,069.41.
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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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