Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by Birch Hill Investment Advisors LLC
Birch Hill Investment Advisors LLC lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,465 shares of the business services provider’s stock after acquiring an additional 89 shares during the quarter. Booking comprises about 2.3% of Birch Hill Investment Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Birch Hill Investment Advisors LLC’s holdings in Booking were worth $32,314,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Weaver Consulting Group acquired a new position in Booking in the first quarter worth approximately $25,000. Gradient Investments LLC acquired a new position in Booking in the third quarter worth approximately $29,000. TRUE Private Wealth Advisors acquired a new position in Booking in the second quarter worth approximately $50,000. Tortoise Investment Management LLC grew its position in Booking by 833.3% in the second quarter. Tortoise Investment Management LLC now owns 28 shares of the business services provider’s stock worth $52,000 after buying an additional 25 shares during the last quarter. Finally, Capital Investment Advisory Services LLC grew its position in Booking by 480.0% in the second quarter. Capital Investment Advisory Services LLC now owns 29 shares of the business services provider’s stock worth $55,000 after buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.
Several research firms have issued reports on BKNG. Cleveland Research began coverage on shares of Booking in a research report on Wednesday, June 19th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of Booking from $1,930.00 to $2,125.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Royal Bank of Canada restated an “outperform” rating and issued a $2,100.00 price target (down previously from $2,150.00) on shares of Booking in a research report on Thursday, August 8th. Deutsche Bank lifted their price target on shares of Booking from $2,175.00 to $2,275.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, ValuEngine cut shares of Booking from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $2,087.41.
Booking (NASDAQ:BKNG) last issued its earnings results on Wednesday, August 7th. The business services provider reported $23.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $22.80 by $0.79. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.78 billion. Booking had a net margin of 28.19% and a return on equity of 56.70%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $20.13 EPS. As a group, research analysts anticipate that Booking Holdings Inc. will post 102.15 EPS for the current year.
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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