Schaper Benz & Wise Investment Counsel Inc. WI raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 17.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,632 shares of the business services provider’s stock after purchasing an additional 242 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Booking were worth $2,848,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Booking in the 4th quarter valued at $788,351,000. Dodge & Cox raised its stake in shares of Booking by 61.4% during the 3rd quarter. Dodge & Cox now owns 1,111,386 shares of the business services provider’s stock worth $2,204,990,000 after acquiring an additional 423,004 shares in the last quarter. Standard Life Aberdeen plc raised its stake in shares of Booking by 357.8% during the 3rd quarter. Standard Life Aberdeen plc now owns 183,376 shares of the business services provider’s stock worth $364,230,000 after acquiring an additional 143,321 shares in the last quarter. USS Investment Management Ltd bought a new position in shares of Booking during the 1st quarter worth approximately $157,206,000. Finally, Prudential Financial Inc. raised its stake in shares of Booking by 120.4% during the 4th quarter. Prudential Financial Inc. now owns 142,393 shares of the business services provider’s stock worth $245,260,000 after acquiring an additional 77,798 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Shares of NASDAQ BKNG traded up $47.21 during mid-day trading on Tuesday, reaching $1,891.38. The company’s stock had a trading volume of 188,683 shares, compared to its average volume of 485,750. The stock has a market capitalization of $83.07 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.12. Booking Holdings Inc. has a 1-year low of $1,606.27 and a 1-year high of $2,201.84.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Wednesday, February 27th. The business services provider reported $22.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $19.39 by $3.10. Booking had a net margin of 27.52% and a return on equity of 44.63%. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the prior year, the firm posted $16.86 earnings per share. Booking’s quarterly revenue was up 14.6% on a year-over-year basis. As a group, equities research analysts expect that Booking Holdings Inc. will post 101.67 EPS for the current year.

In related news, CEO Gillian Tans sold 321 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $1,834.00, for a total value of $588,714.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey E. Epstein sold 250 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $1,715.00, for a total transaction of $428,750.00. The disclosure for this sale can be found here. Insiders sold 892 shares of company stock valued at $1,579,789 in the last three months. 0.24% of the stock is currently owned by insiders.

Several research analysts recently commented on BKNG shares. Jefferies Financial Group lowered shares of Booking from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Telsey Advisory Group cut shares of Booking from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $2,100.00 to $1,800.00 in a research report on Tuesday, March 19th. Zacks Investment Research cut shares of Booking from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. Wedbush cut shares of Booking from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $2,000.00 to $1,850.00 in a research report on Friday, March 22nd. Finally, ValuEngine cut shares of Booking from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $2,121.68.

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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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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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