Cornerstone Wealth Group LLC Buys Shares of 645 Booking Holdings Inc. (NASDAQ:BKNG)

Cornerstone Wealth Group LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the third quarter, Holdings Channel.com reports. The firm bought 645 shares of the business services provider’s stock, valued at approximately $1,266,000.

Other large investors have also bought and sold shares of the company. Thomasville National Bank raised its holdings in shares of Booking by 2.5% in the 2nd quarter. Thomasville National Bank now owns 6,292 shares of the business services provider’s stock valued at $11,796,000 after buying an additional 154 shares during the period. Fulton Bank N.A. raised its holdings in shares of Booking by 26.0% in the 2nd quarter. Fulton Bank N.A. now owns 1,623 shares of the business services provider’s stock valued at $3,042,000 after buying an additional 335 shares during the period. Winfield Associates Inc. raised its holdings in shares of Booking by 1.0% in the 2nd quarter. Winfield Associates Inc. now owns 995 shares of the business services provider’s stock valued at $1,865,000 after buying an additional 10 shares during the period. Metropolis Capital Ltd purchased a new stake in shares of Booking in the 2nd quarter valued at $24,915,000. Finally, Foundations Investment Advisors LLC raised its holdings in shares of Booking by 30.6% in the 2nd quarter. Foundations Investment Advisors LLC now owns 567 shares of the business services provider’s stock valued at $1,088,000 after buying an additional 133 shares during the period. Institutional investors own 92.36% of the company’s stock.

BKNG opened at $1,879.19 on Friday. The business has a fifty day moving average price of $1,998.42 and a 200 day moving average price of $1,899.20. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $86.10 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.52 and a beta of 1.12. Booking Holdings Inc. has a 12 month low of $1,606.27 and a 12 month high of $2,081.81.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, November 7th. The business services provider reported $45.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $44.87 by $0.49. The firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $5.07 billion. Booking had a return on equity of 56.70% and a net margin of 28.19%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $37.78 EPS. On average, research analysts anticipate that Booking Holdings Inc. will post 101.98 earnings per share for the current year.

BKNG has been the topic of several research analyst reports. Zacks Investment Research downgraded Booking from a “buy” rating to a “hold” rating and set a $2,153.00 price objective on the stock. in a report on Thursday, September 12th. Wells Fargo & Co downgraded Booking from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $2,000.00 to $2,150.00 in a report on Thursday, September 26th. Cowen boosted their price objective on Booking from $2,300.00 to $2,400.00 and gave the company a “top pick” rating in a report on Friday. Mizuho reiterated a “buy” rating and issued a $2,150.00 price objective (up previously from $2,050.00) on shares of Booking in a report on Thursday, August 8th. Finally, Barclays cut their price objective on Booking from $2,160.00 to $2,090.00 and set an “overweight” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $2,114.40.

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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