Jabodon PT Co. raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 61.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,570 shares of the business services provider’s stock after acquiring an additional 1,739 shares during the quarter. Booking makes up approximately 11.8% of Jabodon PT Co.’s portfolio, making the stock its 3rd biggest position. Jabodon PT Co.’s holdings in Booking were worth $9,067,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. MUFG Securities EMEA plc acquired a new stake in shares of Booking during the second quarter worth $109,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Booking during the third quarter worth $109,000. Harvest Fund Management Co. Ltd lifted its stake in shares of Booking by 86.7% during the second quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock worth $114,000 after buying an additional 26 shares during the period. First Manhattan Co. lifted its stake in shares of Booking by 90.0% during the second quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock worth $115,000 after buying an additional 27 shares during the period. Finally, Webster Bank N. A. acquired a new stake in shares of Booking during the second quarter worth $126,000. Institutional investors own 91.99% of the company’s stock.
A number of research analysts recently issued reports on BKNG shares. Benchmark restated a “hold” rating on shares of Booking in a research report on Thursday, August 9th. Bank of America lifted their price objective on shares of Booking from $2,150.00 to $2,300.00 and gave the company a “buy” rating in a report on Tuesday. Wedbush set a $2,500.00 price objective on shares of Booking and gave the company a “buy” rating in a report on Tuesday. DA Davidson set a $2,000.00 price objective on shares of Booking and gave the company a “hold” rating in a report on Tuesday. Finally, Royal Bank of Canada lifted their price objective on shares of Booking to $2,425.00 and gave the company an “outperform” rating in a report on Tuesday. Fourteen analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $2,151.80.
BKNG opened at $1,949.46 on Wednesday. The stock has a market cap of $89.01 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 1.48 and a beta of 1.22. Booking Holdings Inc. has a twelve month low of $1,630.56 and a twelve month high of $2,228.99. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.86.
Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Monday, November 5th. The business services provider reported $37.78 earnings per share for the quarter, missing analysts’ consensus estimates of $38.37 by ($0.59). The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.81 billion. Booking had a return on equity of 24.74% and a net margin of 20.07%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $34.43 earnings per share. Equities analysts predict that Booking Holdings Inc. will post 89.45 EPS for the current year.
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.
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