Booking Holdings Inc. (BKNG) Shares Bought by Majedie Asset Management Ltd

Majedie Asset Management Ltd boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 291.5% in the first quarter, Holdings Channel reports. The fund owned 8,065 shares of the business services provider’s stock after acquiring an additional 6,005 shares during the period. Booking accounts for 1.0% of Majedie Asset Management Ltd’s investment portfolio, making the stock its 23rd biggest holding. Majedie Asset Management Ltd’s holdings in Booking were worth $14,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the business. Neuberger Berman Group LLC grew its holdings in Booking by 1,275.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 60,155 shares of the business services provider’s stock valued at $119,347,000 after buying an additional 55,780 shares during the last quarter. Marshall Wace LLP purchased a new position in Booking in the third quarter valued at about $990,000. Ipswich Investment Management Co. Inc. purchased a new position in Booking in the fourth quarter valued at about $172,000. Fox Run Management L.L.C. purchased a new position in Booking in the fourth quarter valued at about $219,000. Finally, Steward Partners Investment Advisory LLC raised its position in Booking by 14.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,075 shares of the business services provider’s stock valued at $1,851,000 after purchasing an additional 135 shares during the period. 95.44% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Jeffrey E. Epstein sold 250 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $1,715.00, for a total transaction of $428,750.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gillian Tans sold 321 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $1,751.79, for a total value of $562,324.59. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 892 shares of company stock valued at $1,579,789. Insiders own 0.24% of the company’s stock.

Several research analysts have commented on BKNG shares. Piper Jaffray Companies lowered Booking from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $2,100.00 to $1,800.00 in a research report on Thursday, February 28th. Deutsche Bank raised Booking from a “hold” rating to a “buy” rating and lifted their target price for the stock from $2,150.00 to $2,370.00 in a research report on Tuesday, February 5th. Morgan Stanley dropped their target price on Booking from $2,050.00 to $1,900.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 6th. Oppenheimer downgraded Booking from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 28th. Finally, Wedbush downgraded Booking from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $2,000.00 to $1,850.00 in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and twelve 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 $2,069.41.

Shares of NASDAQ BKNG traded up $6.68 during midday trading on Thursday, hitting $1,796.11. 1,589 shares of the company’s stock were exchanged, compared to its average volume of 491,879. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.34. The company has a market cap of $77.52 billion, a PE ratio of 19.42, a P/E/G ratio of 1.42 and a beta of 1.04. Booking Holdings Inc. has a twelve month low of $1,606.27 and a twelve month high of $2,162.91.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, May 9th. The business services provider reported $11.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $11.26 by ($0.09). The business had revenue of $2.84 billion for 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%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $12.34 earnings per share. Sell-side analysts forecast that Booking Holdings Inc. will post 101.23 earnings per share for the current fiscal year.

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Booking 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.

See Also: Cost of Equity For A Business, Investors

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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