Stevens Capital Management LP purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 638 shares of the business services provider’s stock, valued at approximately $1,396,000.
A number of other large investors have also recently added to or reduced their stakes in the business. D.A. Davidson & CO. boosted its holdings in shares of Booking by 9.4% during the 1st quarter. D.A. Davidson & CO. now owns 140 shares of the business services provider’s stock valued at $326,000 after acquiring an additional 12 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Booking by 9.3% during the 1st quarter. Advisors Asset Management Inc. now owns 1,294 shares of the business services provider’s stock valued at $3,015,000 after acquiring an additional 110 shares during the last quarter. Lincoln National Corp boosted its holdings in shares of Booking by 30.5% during the 1st quarter. Lincoln National Corp now owns 201 shares of the business services provider’s stock valued at $469,000 after acquiring an additional 47 shares during the last quarter. Guardian Wealth Advisors LLC purchased a new stake in shares of Booking during the 1st quarter valued at about $256,000. Finally, HighTower Advisors LLC boosted its holdings in shares of Booking by 12.2% during the 1st quarter. HighTower Advisors LLC now owns 10,581 shares of the business services provider’s stock valued at $24,633,000 after acquiring an additional 1,149 shares during the last quarter. Institutional investors and hedge funds own 89.68% of the company’s stock.
In related news, CFO David I. Goulden sold 183 shares of the company’s stock in a transaction dated Thursday, July 15th. The shares were sold at an average price of $2,173.00, for a total value of $397,659.00. Following the completion of the sale, the chief financial officer now directly owns 4,772 shares of the company’s stock, valued at $10,369,556. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is owned by corporate insiders.
Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, August 3rd. The business services provider reported ($2.55) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($2.69) by $0.14. Booking had a net margin of 5.77% and a return on equity of 3.32%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the firm earned ($10.81) earnings per share. The firm’s revenue for the quarter was up 242.9% compared to the same quarter last year. On average, analysts expect that Booking Holdings Inc. will post 42.24 earnings per share for the current year.
A number of research firms recently issued reports on BKNG. Credit Suisse Group raised their price objective on shares of Booking from $2,675.00 to $3,100.00 and gave the stock an “outperform” rating in a report on Thursday, August 5th. The Goldman Sachs Group began coverage on shares of Booking in a report on Monday, September 13th. They issued a “neutral” rating and a $2,230.00 price objective on the stock. Piper Sandler raised their price objective on shares of Booking from $2,345.00 to $2,375.00 and gave the stock a “neutral” rating in a report on Thursday, August 5th. Finally, Stifel Nicolaus lifted their price objective on shares of Booking from $2,400.00 to $2,450.00 and gave the company a “hold” rating in a research report on Thursday, August 5th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $2,477.35.
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: Capital Gains
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