Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Cairn Investment Group Inc.

Cairn Investment Group Inc. boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) by 5.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,298 shares of the business services provider’s stock after acquiring an additional 65 shares during the period. Booking comprises 1.9% of Cairn Investment Group Inc.’s investment portfolio, making the stock its 17th biggest holding. Cairn Investment Group Inc.’s holdings in Booking were worth $2,616,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BKNG. Chilton Capital Management LLC purchased a new stake in shares of Booking during the 2nd quarter worth $26,000. Activest Wealth Management purchased a new stake in Booking during the 3rd quarter worth about $25,000. St. James Investment Advisors LLC boosted its position in shares of Booking by 50.0% during the 3rd quarter. St. James Investment Advisors LLC now owns 21 shares of the business services provider’s stock worth $35,000 after acquiring an additional 7 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Booking by 188.9% in the 3rd quarter. Hexagon Capital Partners LLC now owns 26 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 17 shares during the last quarter. Finally, General Partner Inc. purchased a new position in shares of Booking in the 4th quarter valued at about $56,000. 89.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of research analyst reports. Gordon Haskett downgraded Booking from a “buy” rating to a “hold” rating in a report on Wednesday, January 25th. Barclays upped their target price on shares of Booking from $2,550.00 to $2,585.00 and gave the company an “overweight” rating in a report on Friday, February 24th. UBS Group increased their target price on shares of Booking from $2,785.00 to $2,900.00 and gave the company a “buy” rating in a research report on Friday, February 24th. Morgan Stanley upped their price objective on shares of Booking from $2,300.00 to $2,500.00 and gave the company an “equal weight” rating in a research note on Monday, February 27th. Finally, TheStreet raised Booking from a “c+” rating to a “b-” rating in a report on Monday, December 12th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $2,675.16.

Insider Buying and Selling at Booking

In other news, CFO David I. Goulden sold 550 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $2,297.91, for a total transaction of $1,263,850.50. Following the sale, the chief financial officer now owns 4,969 shares of the company’s stock, valued at approximately $11,418,314.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Booking news, CEO Glenn D. Fogel sold 427 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $2,427.11, for a total value of $1,036,375.97. Following the sale, the chief executive officer now owns 42,949 shares of the company’s stock, valued at $104,241,947.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David I. Goulden sold 550 shares of the firm’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $2,297.91, for a total value of $1,263,850.50. Following the completion of the transaction, the chief financial officer now owns 4,969 shares of the company’s stock, valued at approximately $11,418,314.79. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,098 shares of company stock valued at $7,278,014. Corporate insiders own 0.13% of the company’s stock.

Booking Stock Up 0.0 %

Booking stock opened at $2,440.85 on Friday. The stock’s 50 day moving average price is $2,432.29 and its 200 day moving average price is $2,081.93. Booking Holdings Inc. has a 1-year low of $1,616.85 and a 1-year high of $2,630.00. The company has a market cap of $91.90 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 1.15 and a beta of 1.31. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.86 and a quick ratio of 1.86.

Booking (NASDAQ:BKNG – Get Rating) last issued its earnings results on Thursday, February 23rd. The business services provider reported $24.74 EPS for the quarter, topping the consensus estimate of $20.97 by $3.77. Booking had a net margin of 17.89% and a return on equity of 107.86%. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period in the previous year, the firm earned $15.83 EPS. The business’s revenue was up 35.8% on a year-over-year basis. On average, sell-side analysts predict that Booking Holdings Inc. will post 127.01 EPS for the current fiscal year.

About Booking

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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.