Linscomb & Williams Inc. increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 9.5% during the first quarter, HoldingsChannel.com reports. The fund owned 1,046 shares of the business services provider’s stock after buying an additional 91 shares during the period. Linscomb & Williams Inc.’s holdings in Booking were worth $2,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. CenterStar Asset Management LLC increased its holdings in shares of Booking by 100.6% in the 1st quarter. CenterStar Asset Management LLC now owns 12 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 2,060 shares during the period. Albion Financial Group UT acquired a new position in Booking in the 4th quarter valued at $56,000. Capital Asset Advisory Services LLC acquired a new position in Booking in the 4th quarter valued at $58,000. Wealthcare Advisory Partners LLC acquired a new position in Booking in the 1st quarter valued at $61,000. Finally, Summit Wealth Group LLC acquired a new position in Booking in the 1st quarter valued at $65,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Jeffery H. Boyd sold 873 shares of the company’s stock in a transaction dated Wednesday, May 12th. The shares were sold at an average price of $2,228.65, for a total transaction of $1,945,611.45. Following the completion of the transaction, the director now owns 40,982 shares of the company’s stock, valued at approximately $91,334,534.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.27% of the company’s stock.
Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, May 4th. The business services provider reported ($5.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($7.26) by $2.00. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. Booking had a net margin of 12.44% and a negative return on equity of 3.81%. As a group, equities analysts predict that Booking Holdings Inc. will post 33.92 earnings per share for the current year.
Several equities analysts have issued reports on the stock. Wolfe Research assumed coverage on shares of Booking in a research note on Wednesday, March 31st. They issued an “outperform” rating and a $2,630.00 price objective on the stock. Susquehanna lowered their price target on shares of Booking from $3,000.00 to $2,850.00 and set a “positive” rating on the stock in a research note on Friday, May 7th. Susquehanna Bancshares lowered their price target on shares of Booking from $3,000.00 to $2,850.00 and set a “positive” rating on the stock in a research note on Friday, May 7th. BTIG Research reaffirmed a “neutral” rating on shares of Booking in a research note on Friday, April 30th. Finally, Cowen upped their price target on shares of Booking from $2,550.00 to $2,700.00 and gave the stock an “outperform” rating in a research note on Thursday, April 22nd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $2,416.38.
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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