Taylor Hoffman Wealth Management Raises Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Taylor Hoffman Wealth Management increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 84.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 232 shares of the business services provider’s stock after acquiring an additional 106 shares during the quarter. Taylor Hoffman Wealth Management’s holdings in Booking were worth $455,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in BKNG. Thomasville National Bank lifted its position in Booking by 2.5% in the second quarter. Thomasville National Bank now owns 6,292 shares of the business services provider’s stock worth $11,796,000 after purchasing an additional 154 shares during the period. Fulton Bank N.A. increased its stake in shares of Booking by 26.0% in the second quarter. Fulton Bank N.A. now owns 1,623 shares of the business services provider’s stock valued at $3,042,000 after buying an additional 335 shares in the last quarter. Winfield Associates Inc. increased its stake in shares of Booking by 1.0% in the second quarter. Winfield Associates Inc. now owns 995 shares of the business services provider’s stock valued at $1,865,000 after buying an additional 10 shares in the last quarter. Metropolis Capital Ltd acquired a new stake in shares of Booking in the second quarter valued at $24,915,000. Finally, Foundations Investment Advisors LLC increased its stake in shares of Booking by 30.6% in the second quarter. Foundations Investment Advisors LLC now owns 567 shares of the business services provider’s stock valued at $1,088,000 after buying an additional 133 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the company. Stifel Nicolaus raised their target price on Booking from $2,045.00 to $2,050.00 and gave the company a “hold” rating in a research note on Friday. JPMorgan Chase & Co. lowered their target price on Booking from $2,125.00 to $2,100.00 and set a “neutral” rating for the company in a research note on Friday. UBS Group raised their target price on Booking from $1,960.00 to $2,000.00 and gave the company a “neutral” rating in a research note on Friday. Evercore ISI restated a “neutral” rating on shares of Booking in a research note on Sunday, August 11th. Finally, Zacks Investment Research lowered Booking from a “buy” rating to a “hold” rating and set a $2,153.00 target price for the company. in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Booking presently has a consensus rating of “Hold” and a consensus target price of $2,114.40.

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BKNG traded up $29.26 during midday trading on Friday, reaching $1,879.19. 1,033,700 shares of the company were exchanged, compared to its average volume of 401,935. The stock’s 50-day simple moving average is $1,998.42 and its 200 day simple moving average is $1,899.20. The stock has a market capitalization of $86.10 billion, a P/E ratio of 20.30, a PEG ratio of 1.52 and a beta of 1.12. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.58 and a current ratio of 1.58. Booking Holdings Inc. has a one year low of $1,606.27 and a one year high of $2,081.81.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, November 7th. The business services provider reported $45.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $44.87 by $0.49. The business had revenue of $5.04 billion for the quarter, compared to analyst estimates of $5.07 billion. Booking had a return on equity of 56.70% and a net margin of 28.19%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $37.78 earnings per share. On average, research analysts anticipate that Booking Holdings Inc. will post 101.98 earnings per share for the current year.

About Booking

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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