Trillium Asset Management LLC Makes New Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Trillium Asset Management LLC acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNGFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 68 shares of the business services provider’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BKNG. Mirabella Financial Services LLP grew its holdings in shares of Booking by 46.8% during the 2nd quarter. Mirabella Financial Services LLP now owns 652 shares of the business services provider’s stock worth $1,761,000 after purchasing an additional 208 shares during the period. Meritage Portfolio Management increased its position in Booking by 22.7% in the second quarter. Meritage Portfolio Management now owns 4,636 shares of the business services provider’s stock worth $12,519,000 after buying an additional 858 shares during the period. Procyon Advisors LLC acquired a new stake in Booking in the third quarter worth $715,000. National Bank of Canada FI grew its stake in shares of Booking by 91.9% in the second quarter. National Bank of Canada FI now owns 15,022 shares of the business services provider’s stock worth $40,798,000 after purchasing an additional 7,192 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI grew its stake in shares of Booking by 11.5% in the second quarter. Zurich Insurance Group Ltd FI now owns 18,347 shares of the business services provider’s stock worth $49,543,000 after purchasing an additional 1,894 shares in the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

Booking Stock Performance

Shares of BKNG stock opened at $3,561.39 on Friday. The stock’s 50 day simple moving average is $3,433.10 and its 200 day simple moving average is $3,173.99. Booking Holdings Inc. has a twelve month low of $2,331.23 and a twelve month high of $3,669.66. The company has a market capitalization of $124.26 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 1.00 and a beta of 1.41.

Booking (NASDAQ:BKNGGet Free Report) last released its earnings results on Thursday, November 2nd. The business services provider reported $72.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $67.86 by $4.46. The firm had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.27 billion. Booking had a return on equity of 840.22% and a net margin of 25.70%. The company’s revenue was up 21.3% on a year-over-year basis. During the same quarter last year, the firm posted $53.03 EPS. On average, analysts forecast that Booking Holdings Inc. will post 149.51 EPS for the current fiscal year.

Insider Buying and Selling at Booking

In other news, Director Radakovich Lynn Vojvodich sold 28 shares of Booking stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $3,497.80, for a total transaction of $97,938.40. Following the sale, the director now owns 348 shares of the company’s stock, valued at approximately $1,217,234.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Radakovich Lynn Vojvodich sold 28 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $3,497.80, for a total transaction of $97,938.40. Following the completion of the transaction, the director now owns 348 shares in the company, valued at approximately $1,217,234.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David I. Goulden sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $3,494.47, for a total value of $3,494,470.00. Following the transaction, the chief financial officer now owns 10,204 shares of the company’s stock, valued at approximately $35,657,571.88. The disclosure for this sale can be found here. Insiders have sold 3,767 shares of company stock valued at $12,257,819 in the last 90 days. 0.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on BKNG. Royal Bank of Canada reissued an “outperform” rating and issued a $3,550.00 price target on shares of Booking in a research note on Friday, November 3rd. DA Davidson raised Booking from a “neutral” rating to a “buy” rating and set a $3,400.00 price target for the company in a research note on Monday, November 6th. Sanford C. Bernstein raised Booking from an “underperform” rating to a “market perform” rating in a research note on Monday, November 13th. Mizuho raised their target price on Booking from $3,580.00 to $4,250.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, BMO Capital Markets initiated coverage on Booking in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $4,150.00 price target for the company. Seven research 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $3,555.62.

Get Our Latest Stock Report on BKNG

Booking Profile

(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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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