Brinker Capital Inc. Purchases 1,054 Shares of Booking Holdings Inc. (BKNG)
Brinker Capital Inc. lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 18.1% during the 1st quarter, HoldingsChannel reports. The firm owned 6,889 shares of the business services provider’s stock after purchasing an additional 1,054 shares during the quarter. Brinker Capital Inc.’s holdings in Booking were worth $12,021,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the company. Schaper Benz & Wise Investment Counsel Inc. WI boosted its stake in Booking by 17.4% in the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 1,632 shares of the business services provider’s stock valued at $2,848,000 after buying an additional 242 shares in the last quarter. Suncoast Equity Management boosted its stake in Booking by 1.0% in the 1st quarter. Suncoast Equity Management now owns 13,337 shares of the business services provider’s stock valued at $23,272,000 after buying an additional 126 shares in the last quarter. Strategic Financial Services Inc boosted its stake in Booking by 1.8% in the 1st quarter. Strategic Financial Services Inc now owns 2,550 shares of the business services provider’s stock valued at $4,450,000 after buying an additional 46 shares in the last quarter. Horan Capital Advisors LLC. acquired a new stake in Booking in the 1st quarter valued at $49,000. Finally, CWM LLC boosted its stake in Booking by 66.7% in the 1st quarter. CWM LLC now owns 55 shares of the business services provider’s stock valued at $96,000 after buying an additional 22 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.
BKNG has been the topic of several recent analyst reports. Tigress Financial reaffirmed a “buy” rating on shares of Booking in a research note on Monday, December 24th. Zacks Investment Research raised Booking from a “hold” rating to a “buy” rating and set a $1,917.00 price target on the stock in a research note on Tuesday, January 8th. Jefferies Financial Group lowered Booking from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Morgan Stanley lowered Booking from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $2,100.00 to $2,050.00 in a research note on Wednesday, January 9th. Finally, Deutsche Bank raised Booking from a “hold” rating to a “buy” rating and boosted their price target for the company from $2,150.00 to $2,370.00 in a research note on Tuesday, February 5th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $2,121.68.
Booking stock traded up $44.01 on Tuesday, reaching $1,888.18. The company’s stock had a trading volume of 14,111 shares, compared to its average volume of 485,750. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.36 and a current ratio of 2.36. The firm has a market cap of $83.07 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.42 and a beta of 1.03. Booking Holdings Inc. has a twelve month low of $1,606.27 and a twelve month high of $2,201.84.
Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Wednesday, February 27th. The business services provider reported $22.49 EPS for the quarter, topping analysts’ consensus estimates of $19.39 by $3.10. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.23 billion. Booking had a return on equity of 44.63% and a net margin of 27.52%. The business’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $16.86 earnings per share. On average, equities research analysts predict that Booking Holdings Inc. will post 101.67 earnings per share 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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