Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by Semmax Financial Advisors Inc.
Semmax Financial Advisors Inc. grew its position in Booking Holdings Inc. (NASDAQ:BKNG) by 115.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 490 shares of the business services provider’s stock after purchasing an additional 263 shares during the period. Semmax Financial Advisors Inc.’s holdings in Booking were worth $919,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in BKNG. Thoroughbred Financial Services LLC lifted its position in Booking by 197,303.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 596,157 shares of the business services provider’s stock worth $59,616,000 after acquiring an additional 595,855 shares in the last quarter. Yacktman Asset Management LP acquired a new position in Booking during the 1st quarter worth approximately $371,090,000. Investec Asset Management LTD lifted its position in Booking by 45.2% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the business services provider’s stock worth $946,177,000 after acquiring an additional 201,869 shares in the last quarter. Boston Partners lifted its position in Booking by 7,915.2% during the 1st quarter. Boston Partners now owns 175,453 shares of the business services provider’s stock worth $306,150,000 after acquiring an additional 173,264 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new position in shares of Booking in the 2nd quarter valued at approximately $240,420,000. 89.66% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on BKNG shares. Morgan Stanley upped their target price on Booking from $2,050.00 to $2,100.00 and gave the company an “equal weight” rating in a research report on Thursday, August 8th. Evercore ISI reaffirmed a “neutral” rating on shares of Booking in a research report on Sunday, August 11th. Deutsche Bank upped their target price on Booking from $2,175.00 to $2,275.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $1,900.00 target price (up from $1,800.00) on shares of Booking in a research report on Thursday, August 8th. Finally, Barclays reaffirmed an “overweight” rating and issued a $2,140.00 target price (up from $2,080.00) on shares of Booking in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $2,075.70.
Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $23.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $22.80 by $0.79. Booking had a return on equity of 56.70% and a net margin of 28.19%. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the business earned $20.13 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. On average, research analysts expect that Booking Holdings Inc. will post 101.69 earnings per share for the current year.
In related news, CEO Gillian Tans sold 606 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $1,791.14, for a total transaction of $1,085,430.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey E. Epstein sold 250 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $1,755.75, for a total value of $438,937.50. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
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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