New Republic Capital LLC Sells 3 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

New Republic Capital LLC decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51 shares of the business services provider’s stock after selling 3 shares during the quarter. New Republic Capital LLC’s holdings in Booking were worth $235,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BKNG. Brighton Jones LLC grew its stake in Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after purchasing an additional 65 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in Booking in the fourth quarter worth approximately $209,000. Arrowstreet Capital Limited Partnership grew its stake in Booking by 51.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider’s stock worth $1,394,283,000 after purchasing an additional 95,308 shares in the last quarter. Summit Securities Group LLC bought a new position in Booking in the fourth quarter worth approximately $30,000. Finally, California Public Employees Retirement System grew its stake in Booking by 21.1% in the fourth quarter. California Public Employees Retirement System now owns 80,834 shares of the business services provider’s stock worth $401,617,000 after purchasing an additional 14,106 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. BTIG Research raised Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 price objective on the stock in a research note on Friday, April 4th. Morgan Stanley dropped their target price on Booking from $5,000.00 to $4,800.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. Hsbc Global Res raised Booking to a “strong-buy” rating in a research report on Thursday, July 17th. Barclays reaffirmed an “overweight” rating and set a $5,700.00 target price (up previously from $5,600.00) on shares of Booking in a research report on Wednesday, July 16th. Finally, JMP Securities increased their target price on Booking from $5,600.00 to $5,700.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 30th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $5,454.26.

Booking Stock Performance

BKNG stock opened at $5,632.27 on Monday. The firm has a market cap of $183.27 billion, a PE ratio of 35.04, a PEG ratio of 1.70 and a beta of 1.40. The firm’s 50 day moving average price is $5,546.48 and its 200-day moving average price is $5,051.15. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,839.41.

Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $17.57 by $7.24. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $20.39 earnings per share. Equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total value of $5,769,035.00. Following the sale, the chief executive officer owned 26,633 shares of the company’s stock, valued at $151,674,935. The trade was a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 3,039 shares of company stock valued at $16,963,769 over the last 90 days. 0.16% of the stock is owned by insiders.

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.