Dynamic Advisor Solutions LLC Takes $1.02 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Dynamic Advisor Solutions LLC purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNGGet Rating) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 435 shares of the business services provider’s stock, valued at approximately $1,022,000.

Other large investors also recently made changes to their positions in the company. D.A. Davidson & CO. raised its position in Booking by 80.7% during the 4th quarter. D.A. Davidson & CO. now owns 262 shares of the business services provider’s stock worth $629,000 after purchasing an additional 117 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Booking by 27.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 130,164 shares of the business services provider’s stock worth $312,293,000 after purchasing an additional 27,758 shares during the last quarter. Amplius Wealth Advisors LLC bought a new position in Booking during the 4th quarter worth $26,000. Fisher Asset Management LLC raised its position in Booking by 2.6% during the 4th quarter. Fisher Asset Management LLC now owns 2,147 shares of the business services provider’s stock worth $5,151,000 after purchasing an additional 54 shares during the last quarter. Finally, NorthRock Partners LLC raised its position in Booking by 10.6% during the 4th quarter. NorthRock Partners LLC now owns 146 shares of the business services provider’s stock worth $350,000 after purchasing an additional 14 shares during the last quarter. 89.48% of the stock is owned by institutional investors and hedge funds.

BKNG has been the subject of a number of recent analyst reports. Tigress Financial increased their price target on Booking from $3,150.00 to $3,210.00 and gave the stock a “strong-buy” rating in a report on Tuesday, April 19th. Oppenheimer increased their price target on Booking from $2,560.00 to $3,000.00 in a report on Thursday, May 5th. Royal Bank of Canada increased their price target on Booking from $2,700.00 to $2,800.00 in a report on Thursday, May 5th. StockNews.com initiated coverage on Booking in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Susquehanna Bancshares decreased their price target on Booking from $3,100.00 to $2,900.00 and set a “positive” rating for the company in a report on Friday, February 25th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2,751.31.

NASDAQ:BKNG opened at $1,889.84 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $76.77 billion, a PE ratio of 152.90, a price-to-earnings-growth ratio of 1.13 and a beta of 1.18. The firm’s 50 day moving average is $2,147.18 and its 200 day moving average is $2,260.35. Booking Holdings Inc. has a 12 month low of $1,796.45 and a 12 month high of $2,715.66.

Booking (NASDAQ:BKNGGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The business services provider reported $3.90 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $4.04. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Booking had a net margin of 4.16% and a return on equity of 43.44%. Booking’s revenue was up 136.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($5.26) EPS. Research analysts predict that Booking Holdings Inc. will post 100.71 earnings per share for the current year.

In related news, CEO Glenn D. Fogel sold 200 shares of Booking stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $2,000.20, for a total value of $400,040.00. Following the completion of the transaction, the chief executive officer now directly owns 48,315 shares in the company, valued at approximately $96,639,663. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paulo Pisano sold 120 shares of Booking stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $2,100.00, for a total transaction of $252,000.00. Following the completion of the transaction, the insider now owns 3,003 shares of the company’s stock, valued at $6,306,300. The disclosure for this sale can be found here. Insiders sold a total of 1,403 shares of company stock worth $3,006,347 in the last ninety days. 0.24% of the stock is currently owned by insiders.

Booking Company Profile (Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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