Icon Advisers Inc. Co. Acquires Shares of 400 Booking Holdings Inc. (BKNG)
Icon Advisers Inc. Co. acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 400 shares of the business services provider’s stock, valued at approximately $794,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in BKNG. MUFG Securities EMEA plc acquired a new stake in Booking in the 2nd quarter valued at about $109,000. LFA Lugano Financial Advisors SA acquired a new stake in Booking in the 3rd quarter valued at about $109,000. Harvest Fund Management Co. Ltd lifted its stake in Booking by 86.7% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 26 shares during the last quarter. First Manhattan Co. lifted its stake in Booking by 90.0% in the 2nd quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock valued at $115,000 after purchasing an additional 27 shares during the last quarter. Finally, Webster Bank N. A. acquired a new stake in Booking in the 2nd quarter valued at about $126,000. Institutional investors own 91.99% of the company’s stock.
Several equities research analysts recently issued reports on BKNG shares. Zacks Investment Research downgraded shares of Booking from a “hold” rating to a “sell” rating in a research note on Saturday, July 14th. Benchmark reiterated a “hold” rating on shares of Booking in a research note on Thursday, August 9th. SunTrust Banks reiterated a “buy” rating and issued a $2,300.00 target price on shares of Booking in a research note on Thursday, August 9th. Stifel Nicolaus downgraded shares of Booking from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $2,100.00 target price on shares of Booking in a research note on Thursday, August 9th. Thirteen analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $2,155.87.
Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Monday, November 5th. The business services provider reported $37.78 EPS for the quarter, missing analysts’ consensus estimates of $38.37 by ($0.59). The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.81 billion. Booking had a return on equity of 26.87% and a net margin of 19.81%. Booking’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $34.43 EPS. As a group, sell-side analysts predict that Booking Holdings Inc. will post 89.68 earnings per share for the current year.
In other news, CEO Gillian Tans sold 295 shares of Booking stock in a transaction on Monday, September 17th. The shares were sold at an average price of $1,917.94, for a total transaction of $565,792.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.24% of the stock is currently owned by insiders.
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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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