Greenleaf Trust boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 43.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,672 shares of the business services provider’s stock after purchasing an additional 1,107 shares during the period. Greenleaf Trust’s holdings in Booking were worth $7,285,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC lifted its position in Booking by 14.6% in the second quarter. FMR LLC now owns 1,428,678 shares of the business services provider’s stock worth $2,896,058,000 after purchasing an additional 181,931 shares during the period. Morgan Stanley lifted its position in shares of Booking by 30.9% during the 2nd quarter. Morgan Stanley now owns 993,158 shares of the business services provider’s stock valued at $2,013,218,000 after acquiring an additional 234,246 shares during the last quarter. Edgewood Management LLC lifted its position in shares of Booking by 2.6% during the 2nd quarter. Edgewood Management LLC now owns 679,589 shares of the business services provider’s stock valued at $1,377,588,000 after acquiring an additional 17,104 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Booking by 25.4% during the 2nd quarter. Jennison Associates LLC now owns 589,299 shares of the business services provider’s stock valued at $1,194,562,000 after acquiring an additional 119,238 shares during the last quarter. Finally, Investec Asset Management LTD lifted its position in shares of Booking by 3.2% during the 2nd quarter. Investec Asset Management LTD now owns 318,733 shares of the business services provider’s stock valued at $646,100,000 after acquiring an additional 9,858 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.
In other Booking news, CEO Gillian Tans sold 295 shares of the business’s 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 filing with the SEC, which is available through the SEC website. 0.24% of the stock is owned by insiders.
Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, August 9th. The business services provider reported $20.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.34 by $3.33. Booking had a net margin of 20.07% and a return on equity of 24.74%. The company had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the previous year, the business earned $24.39 EPS. The company’s revenue was up 16.9% on a year-over-year basis. On average, sell-side analysts forecast that Booking Holdings Inc. will post 89.45 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the company. Cowen set a $2,200.00 price objective on Booking and gave the company a “buy” rating in a research report on Monday, October 22nd. Evercore ISI assumed coverage on Booking in a research report on Monday, October 15th. They set an “in-line” rating and a $1,930.00 price objective for the company. DA Davidson set a $1,990.00 price objective on Booking and gave the company a “hold” rating in a research report on Friday, August 10th. SunTrust Banks reiterated a “buy” rating and set a $2,300.00 price objective on shares of Booking in a research report on Thursday, August 9th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $2,200.00 price objective (up previously from $2,100.00) on shares of Booking in a research report on Wednesday, July 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $2,138.41.
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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