Daiwa Securities Group Inc. Increases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Daiwa Securities Group Inc. grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 13.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,185 shares of the business services provider’s stock after acquiring an additional 621 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Booking were worth $15,823,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BKNG. American National Bank raised its holdings in shares of Booking by 4.3% during the second quarter. American National Bank now owns 96 shares of the business services provider’s stock worth $259,000 after purchasing an additional 4 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC increased its holdings in Booking by 5.1% in the second quarter. Hutchens & Kramer Investment Management Group LLC now owns 82 shares of the business services provider’s stock valued at $221,000 after buying an additional 4 shares in the last quarter. Opal Wealth Advisors LLC increased its holdings in Booking by 4.6% in the second quarter. Opal Wealth Advisors LLC now owns 91 shares of the business services provider’s stock valued at $246,000 after buying an additional 4 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in Booking by 3.1% in the second quarter. Perigon Wealth Management LLC now owns 134 shares of the business services provider’s stock valued at $362,000 after buying an additional 4 shares in the last quarter. Finally, Raymond James Trust N.A. increased its holdings in Booking by 0.6% in the second quarter. Raymond James Trust N.A. now owns 691 shares of the business services provider’s stock valued at $1,866,000 after buying an additional 4 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. TD Cowen lifted their price objective on shares of Booking from $3,250.00 to $4,000.00 and gave the company an “outperform” rating in a report on Tuesday, December 12th. Argus reaffirmed a “buy” rating and issued a $3,677.00 price objective on shares of Booking in a report on Tuesday, September 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $3,700.00 price objective on shares of Booking in a report on Monday, October 30th. StockNews.com cut shares of Booking from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Finally, Ascendiant Capital Markets lifted their target price on shares of Booking from $3,700.00 to $3,900.00 and gave the company a “buy” rating in a research report on Friday, December 29th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $3,517.92.

View Our Latest Research Report on Booking

Insider Transactions at Booking

In other news, CFO David I. Goulden sold 1,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $3,494.47, for a total transaction of $3,494,470.00. Following the completion of the transaction, the chief financial officer now directly owns 10,204 shares in the company, valued at $35,657,571.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO David I. Goulden sold 1,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $3,494.47, for a total transaction of $3,494,470.00. Following the completion of the transaction, the chief financial officer now directly owns 10,204 shares in the company, valued at $35,657,571.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Susana D’emic sold 1,989 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $3,039.28, for a total value of $6,045,127.92. Following the transaction, the chief accounting officer now owns 6,278 shares of the company’s stock, valued at $19,080,599.84. The disclosure for this sale can be found here. Insiders sold a total of 3,767 shares of company stock worth $12,257,819 over the last ninety days. Company insiders own 0.15% of the company’s stock.

Booking Stock Down 0.4 %

BKNG stock opened at $3,489.90 on Thursday. The business has a fifty day moving average of $3,333.95 and a two-hundred day moving average of $3,111.84. The stock has a market cap of $121.76 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 0.99 and a beta of 1.39. Booking Holdings Inc. has a 52-week low of $2,268.36 and a 52-week high of $3,580.62.

Booking (NASDAQ:BKNGGet Free Report) last posted its earnings results on Thursday, November 2nd. The business services provider reported $72.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $67.86 by $4.46. The company had revenue of $7.34 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Booking had a return on equity of 840.22% and a net margin of 25.70%. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter last year, the firm earned $53.03 earnings per share. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 149.43 EPS for the current year.

About Booking

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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