Linscomb & Williams Inc. trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.6% in the 1st quarter, HoldingsChannel reports. The fund owned 494 shares of the business services provider’s stock after selling 13 shares during the period. Linscomb & Williams Inc.’s holdings in Booking were worth $862,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of BKNG. Ellis Investment Partners LLC grew its stake in Booking by 174,390.7% during the first quarter. Ellis Investment Partners LLC now owns 621,187 shares of the business services provider’s stock valued at $621,000 after acquiring an additional 620,831 shares in the last quarter. Norges Bank purchased a new position in shares of Booking in the 4th quarter worth $788,351,000. Yacktman Asset Management LP purchased a new position in shares of Booking in the 1st quarter worth $371,090,000. Boston Partners grew its stake in shares of Booking by 7,915.2% in the 1st quarter. Boston Partners now owns 175,453 shares of the business services provider’s stock worth $306,150,000 after buying an additional 173,264 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd grew its stake in shares of Booking by 12,306.4% in the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 93,544 shares of the business services provider’s stock worth $163,225,000 after buying an additional 92,790 shares in the last quarter.
A number of equities analysts have commented on the stock. Cowen lifted their price objective on shares of Booking from $2,200.00 to $2,300.00 and gave the stock a “positive” rating in a research note on Thursday, February 21st. Stifel Nicolaus dropped their price objective on shares of Booking from $2,150.00 to $1,995.00 and set a “hold” rating for the company in a research note on Thursday, February 28th. Wells Fargo & Co dropped their price objective on shares of Booking from $2,150.00 to $2,000.00 and set an “outperform” rating for the company in a research note on Thursday, February 28th. Wedbush reissued an “outperform” rating and issued a $2,000.00 price objective (down from $2,100.00) on shares of Booking in a research note on Thursday, February 28th. Finally, Atlantic Securities cut shares of Booking from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 28th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $2,072.70.
Booking (NASDAQ:BKNG) last released its earnings results 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 firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.93 billion. Booking had a return on equity of 48.32% and a net margin of 28.79%. Booking’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $12.34 EPS. Research analysts forecast that Booking Holdings Inc. will post 100.99 EPS for the current year.
In other news, CEO Gillian Tans sold 606 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $1,778.60, for a total value of $1,077,831.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey E. Epstein sold 250 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $1,715.00, for a total transaction of $428,750.00. The disclosure for this sale can be found here. Insiders sold a total of 1,498 shares of company stock valued at $2,657,620 in the last 90 days. Company insiders own 0.24% of the company’s stock.
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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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