Fiduciary Group LLC Grows Stake in Booking Holdings Inc. (BKNG)
Fiduciary Group LLC lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 9.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,547 shares of the business services provider’s stock after acquiring an additional 217 shares during the quarter. Fiduciary Group LLC’s holdings in Booking were worth $4,444,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Guidant Wealth Advisors purchased a new position in Booking during the first quarter valued at $26,000. Truvestments Capital LLC purchased a new position in Booking during the first quarter valued at $44,000. Horan Capital Advisors LLC. purchased a new position in Booking during the first quarter valued at $49,000. Hanson McClain Inc. lifted its holdings in 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 purchased a new position in Booking during the fourth quarter valued at $64,000.
In related news, Director Jeffrey E. Epstein sold 250 shares of Booking 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gillian Tans sold 606 shares of Booking 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 transaction of $1,077,831.60. The disclosure for this sale can be found here. Insiders sold 1,498 shares of company stock valued at $2,657,620 in the last quarter. 0.24% of the stock is owned by insiders.
Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, May 9th. The business services provider reported $11.17 earnings per share for the quarter, missing analysts’ consensus estimates of $11.26 by ($0.09). Booking had a net margin of 28.79% and a return on equity of 48.32%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter last year, the firm posted $12.34 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, research analysts predict that Booking Holdings Inc. will post 100.99 EPS for the current year.
Several equities analysts have issued reports on the stock. Needham & Company LLC assumed coverage on shares of Booking in a report on Monday. They set a “buy” rating and a $2,200.00 price objective on the stock. Ascendiant Capital Markets set a $2,000.00 price objective on shares of Booking and gave the company a “buy” rating in a report on Tuesday, May 14th. Mizuho decreased their price objective on shares of Booking from $2,130.00 to $2,050.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Morgan Stanley raised their price target on shares of Booking from $1,900.00 to $1,950.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Finally, UBS Group decreased their price target on shares of Booking from $2,000.00 to $1,960.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $2,075.09.
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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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