Professional Planning Invests $214,000 in Booking Holdings Inc. (BKNG)

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Professional Planning bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 95,601 shares of the business services provider’s stock, valued at approximately $214,000. Booking comprises about 0.4% of Professional Planning’s holdings, making the stock its 25th biggest position. Professional Planning owned approximately 0.20% of Booking as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Booking during the first quarter worth $6,448,282,000. Edgewood Management LLC acquired a new position in shares of Booking during the first quarter worth $1,378,227,000. Northern Trust Corp acquired a new position in shares of Booking during the first quarter worth $1,158,506,000. Summit Trail Advisors LLC acquired a new position in shares of Booking during the first quarter worth $458,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Booking during the first quarter worth $612,539,000. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ BKNG traded down $2.67 during trading on Thursday, hitting $2,143.10. 845 shares of the company traded hands, compared to its average volume of 324,665. Booking Holdings Inc. has a fifty-two week low of $1,630.56 and a fifty-two week high of $2,228.99. The firm has a market capitalization of $103.06 billion, a P/E ratio of 27.86, a P/E/G ratio of 1.65 and a beta of 1.21. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.87.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Wednesday, May 9th. The business services provider reported $12.00 earnings per share 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 firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the business earned $9.88 earnings per share. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. equities research analysts forecast that Booking Holdings Inc. will post 88.84 EPS for the current year.

A number of brokerages have recently commented on BKNG. Stifel Nicolaus lifted their price target on shares of Booking from $2,222.00 to $2,332.00 and gave the stock a “buy” rating in a report on Thursday, May 10th. Royal Bank of Canada restated an “outperform” rating on shares of Booking in a report on Thursday, May 10th. Deutsche Bank restated a “hold” rating and issued a $2,175.00 target price on shares of Booking in a report on Tuesday, May 8th. They noted that the move was a valuation call. Morgan Stanley dropped their target price on shares of Booking from $2,240.00 to $2,100.00 and set an “overweight” rating on the stock in a report on Thursday, May 10th. Finally, Piper Jaffray Companies boosted their target price on shares of Booking to $2,100.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Nine investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $2,172.07.

In other news, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $2,126.07, for a total transaction of $627,190.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.24% of the company’s stock.

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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