Mawer Investment Management Ltd. Buys Shares of 25,450 Booking Holdings Inc. (BKNG)

Mawer Investment Management Ltd. bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,450 shares of the business services provider’s stock, valued at approximately $52,946,000. Mawer Investment Management Ltd. owned 0.05% of Booking as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. C WorldWide Group Holding A S acquired a new stake in Booking during the 1st quarter valued at approximately $104,000. Whittier Trust Co. acquired a new stake in Booking during the 1st quarter valued at approximately $108,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Booking during the 1st quarter valued at approximately $121,000. Shine Investment Advisory Services Inc. acquired a new stake in Booking during the 1st quarter valued at approximately $154,000. Finally, Truewealth LLC acquired a new stake in Booking during the 1st quarter valued at approximately $156,000. 92.92% of the stock is owned by institutional investors and hedge funds.

Booking opened at $2,089.11 on Friday, according to Marketbeat Ratings. Booking Holdings Inc. has a 12-month low of $2,066.80 and a 12-month high of $2,082.10. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market capitalization of $99.94 billion, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Wednesday, May 9th. The business services provider reported $12.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.68 by $1.32. Booking had a net margin of 18.90% and a return on equity of 22.03%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the firm posted $9.88 EPS. Booking’s revenue was up 21.0% compared to the same quarter last year. sell-side analysts expect that Booking Holdings Inc. will post 88.71 earnings per share for the current year.

In other Booking news, VP Peter J. Millones sold 3,629 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $2,186.98, for a total transaction of $7,936,550.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey E. Epstein sold 250 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $2,020.00, for a total value of $505,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 4,469 shares of company stock valued at $9,705,366. 0.24% of the stock is currently owned by insiders.

BKNG has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Booking from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 23rd. Vetr raised shares of Booking from a “hold” rating to a “buy” rating and set a $2,000.67 target price for the company in a research report on Tuesday, January 30th. Credit Suisse Group raised shares of Booking to a “buy” rating in a research report on Wednesday, February 7th. SunTrust Banks raised their price objective on shares of Booking to $2,350.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Booking in a research report on Wednesday, February 28th. Eight analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $2,165.45.

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.

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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