Meridian Wealth Advisors LLC Has $438,000 Stake in Booking Holdings Inc. (BKNG)

Meridian Wealth Advisors LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 5.9% during the 1st quarter, Holdings Channel reports. The fund owned 251 shares of the business services provider’s stock after buying an additional 14 shares during the period. Meridian Wealth Advisors LLC’s holdings in Booking were worth $438,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Ellis Investment Partners LLC grew its position in Booking by 174,390.7% in the 1st quarter. Ellis Investment Partners LLC now owns 621,187 shares of the business services provider’s stock valued at $621,000 after acquiring an additional 620,831 shares during the last quarter. Geode Capital Management LLC grew its position in Booking by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 615,306 shares of the business services provider’s stock valued at $1,057,996,000 after acquiring an additional 23,591 shares during the last quarter. Northern Trust Corp grew its position in Booking by 0.9% in the 4th quarter. Northern Trust Corp now owns 540,722 shares of the business services provider’s stock valued at $931,352,000 after acquiring an additional 4,935 shares during the last quarter. Norges Bank bought a new position in Booking in the 4th quarter valued at $788,351,000. Finally, Investec Asset Management LTD grew its position in Booking by 5.7% in the 1st quarter. Investec Asset Management LTD now owns 446,638 shares of the business services provider’s stock valued at $779,343,000 after acquiring an additional 23,929 shares during the last quarter. 95.44% of the stock is currently owned by institutional investors.

Shares of NASDAQ BKNG opened at $1,787.29 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $78.07 billion, a P/E ratio of 19.30, a P/E/G ratio of 1.41 and a beta of 1.04. Booking Holdings Inc. has a 1-year low of $1,606.27 and a 1-year high of $2,162.91.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, May 9th. The business services provider reported $11.17 earnings per share for the quarter, missing analysts’ consensus estimates of $11.26 by ($0.09). The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Booking had a return on equity of 48.32% and a net margin of 28.79%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $12.34 earnings per share. As a group, equities analysts forecast that Booking Holdings Inc. will post 100.99 EPS for the current fiscal year.

Several equities analysts have commented on BKNG shares. Deutsche Bank raised Booking from a “hold” rating to a “buy” rating and upped their price objective for the company from $2,150.00 to $2,370.00 in a research report on Tuesday, February 5th. Cowen upped their target price on Booking from $2,200.00 to $2,300.00 and gave the stock a “positive” rating in a report on Thursday, February 21st. Bank of America reiterated a “buy” rating and issued a $2,400.00 target price (up from $2,300.00) on shares of Booking in a report on Tuesday, February 26th. Piper Jaffray Companies cut Booking from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $2,100.00 to $1,800.00 in a report on Thursday, February 28th. Finally, Atlantic Securities cut Booking from an “overweight” rating to a “neutral” rating in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $2,069.41.

In related news, Director Jeffrey E. Epstein sold 250 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $1,715.00, for a total transaction of $428,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gillian Tans sold 606 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $1,778.60, for a total value of $1,077,831.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,498 shares of company stock valued at $2,657,620 over the last 90 days. 0.24% of the stock is currently owned by company insiders.

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Booking 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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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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