Cambridge Trust Co. bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,782 shares of the business services provider’s stock, valued at approximately $8,344,000.

A number of other large investors have also recently bought and sold shares of the stock. Polianta Ltd purchased a new position in shares of Booking in the fourth quarter worth $1,042,000. MUFG Securities EMEA plc increased its stake in shares of Booking by 198.4% in the fourth quarter. MUFG Securities EMEA plc now owns 3,841 shares of the business services provider’s stock worth $6,616,000 after acquiring an additional 2,554 shares during the period. Cerebellum GP LLC increased its stake in shares of Booking by 61.5% in the fourth quarter. Cerebellum GP LLC now owns 147 shares of the business services provider’s stock worth $253,000 after acquiring an additional 56 shares during the period. Vivaldi Capital Management LLC acquired a new stake in shares of Booking in the fourth quarter worth $289,000. Finally, Hotaling Investment Management LLC acquired a new stake in shares of Booking in the fourth quarter worth $972,000. 92.42% of the stock is owned by institutional investors.

Shares of BKNG stock opened at $1,844.31 on Monday. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.12. Booking Holdings Inc. has a 12 month low of $1,606.27 and a 12 month high of $2,201.84. The stock has a market cap of $83.02 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 1.42 and a beta of 1.03.

Booking (NASDAQ:BKNG) last issued its earnings results 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. Booking had a net margin of 27.52% and a return on equity of 44.63%. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the previous year, the firm earned $16.86 earnings per share. Booking’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, research analysts anticipate that Booking Holdings Inc. will post 101.67 EPS for the current fiscal year.

A number of research firms have recently weighed in on BKNG. Zacks Investment Research upgraded shares of Booking from a “hold” rating to a “buy” rating and set a $1,917.00 price objective on the stock in a research note on Tuesday, January 8th. SunTrust Banks reiterated a “buy” rating and issued a $2,150.00 price objective on shares of Booking in a research note on Thursday, April 4th. Stifel Nicolaus cut their price objective on shares of Booking from $2,150.00 to $1,995.00 and set a “hold” rating on the stock in a research note on Thursday, February 28th. Bank of America reiterated a “buy” rating and issued a $2,400.00 price objective (up previously from $2,300.00) on shares of Booking in a research note on Tuesday, February 26th. Finally, Telsey Advisory Group lowered shares of Booking from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $2,100.00 to $1,800.00 in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $2,121.68.

In other Booking news, Director Jeffrey E. Epstein sold 250 shares of Booking 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gillian Tans sold 321 shares of Booking stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $1,834.00, for a total transaction of $588,714.00. The disclosure for this sale can be found here. Insiders have sold 892 shares of company stock worth $1,579,789 over the last ninety days. 0.24% of the stock is owned by insiders.

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Booking 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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