Flinton Capital Management LLC Boosts Stake in Booking Holdings Inc. (BKNG)
Flinton Capital Management LLC lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 116.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,456 shares of the business services provider’s stock after buying an additional 784 shares during the period. Flinton Capital Management LLC’s holdings in Booking were worth $2,952,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of BKNG. BlackRock Inc. bought a new stake in shares of Booking in the 1st quarter worth about $6,448,282,000. Edgewood Management LLC bought a new stake in shares of Booking in the 1st quarter worth about $1,378,227,000. Northern Trust Corp bought a new stake in shares of Booking in the 1st quarter worth about $1,158,506,000. Summit Trail Advisors LLC bought a new stake in shares of Booking in the 1st quarter worth about $458,000. Finally, Brown Advisory Inc. bought a new stake in shares of Booking in the 1st quarter worth about $616,639,000. Hedge funds and other institutional investors own 93.24% of the company’s stock.
Shares of BKNG stock opened at $1,901.81 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market capitalization of $90.65 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 1.52 and a beta of 1.27. Booking Holdings Inc. has a one year low of $1,630.56 and a one year high of $2,228.99.
A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Booking from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Cowen set a $2,375.00 price target on shares of Booking and gave the company a “buy” rating in a report on Saturday, August 11th. Jefferies Financial Group downgraded shares of Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 price target on the stock. in a report on Friday, August 10th. Credit Suisse Group reiterated a “buy” rating and set a $2,100.00 price target (down from $2,250.00) on shares of Booking in a report on Friday, August 10th. Finally, DA Davidson set a $1,990.00 price target on shares of Booking and gave the company a “hold” rating in a report on Friday, August 10th. Thirteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $2,154.45.
In other Booking news, CEO Gillian Tans sold 295 shares of the company’s stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $2,030.98, for a total value of $599,139.10. The sale was disclosed in a filing with the SEC, which is available through this link. 0.24% of the stock is owned by corporate insiders.
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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