Wealthsource Partners LLC Raises Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Wealthsource Partners LLC lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) by 1.7% in the third quarter, HoldingsChannel reports. The firm owned 305 shares of the business services provider’s stock after acquiring an additional 5 shares during the period. Wealthsource Partners LLC’s holdings in Booking were worth $501,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BKNG. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Booking by 37.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,317 shares of the business services provider’s stock worth $151,044,000 after purchasing an additional 17,432 shares in the last quarter. Cetera Investment Advisers grew its stake in Booking by 18.8% in the 1st quarter. Cetera Investment Advisers now owns 613 shares of the business services provider’s stock worth $1,440,000 after acquiring an additional 97 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Booking in the 1st quarter worth approximately $387,000. Baird Financial Group Inc. grew its stake in Booking by 2.0% in the 1st quarter. Baird Financial Group Inc. now owns 4,585 shares of the business services provider’s stock worth $10,767,000 after acquiring an additional 88 shares during the period. Finally, Merit Financial Group LLC grew its stake in Booking by 7.5% in the 1st quarter. Merit Financial Group LLC now owns 172 shares of the business services provider’s stock worth $404,000 after acquiring an additional 12 shares during the period. 89.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on BKNG shares. Gordon Haskett cut shares of Booking from a “buy” rating to a “hold” rating in a research note on Wednesday, January 25th. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Monday, February 27th. Piper Sandler lifted their target price on shares of Booking from $2,050.00 to $2,524.00 and gave the stock a “neutral” rating in a research note on Friday, February 24th. Evercore ISI lifted their target price on shares of Booking from $2,600.00 to $3,000.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. Finally, Wells Fargo & Company lifted their price target on shares of Booking from $2,050.00 to $2,400.00 and gave the company an “equal weight” rating in a report on Thursday, January 19th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $2,675.16.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 100 shares of the business’s stock in a transaction on Tuesday, January 10th. The shares were sold at an average price of $2,314.64, for a total value of $231,464.00. Following the transaction, the chief executive officer now owns 44,874 shares in the company, valued at approximately $103,867,155.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Glenn D. Fogel sold 100 shares of the business’s stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $2,314.64, for a total value of $231,464.00. Following the completion of the sale, the chief executive officer now owns 44,874 shares of the company’s stock, valued at approximately $103,867,155.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 1,400 shares of the business’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $2,320.41, for a total transaction of $3,248,574.00. Following the completion of the sale, the chief executive officer now directly owns 43,804 shares of the company’s stock, valued at approximately $101,643,239.64. The disclosure for this sale can be found here. Insiders have sold 2,120 shares of company stock worth $4,893,155 in the last quarter. 0.13% of the stock is owned by corporate insiders.

Booking Stock Performance

Shares of BKNG stock opened at $2,475.75 on Wednesday. Booking Holdings Inc. has a 12 month low of $1,616.85 and a 12 month high of $2,630.00. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market capitalization of $93.21 billion, a P/E ratio of 31.79, a P/E/G ratio of 1.18 and a beta of 1.31. The company’s fifty day moving average price is $2,415.05 and its two-hundred day moving average price is $2,071.82.

Booking (NASDAQ:BKNG – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The business services provider reported $24.74 EPS for the quarter, topping analysts’ consensus estimates of $20.97 by $3.77. Booking had a net margin of 17.89% and a return on equity of 107.86%. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the previous year, the business posted $15.83 EPS. The firm’s revenue was up 35.8% compared to the same quarter last year. On average, research analysts anticipate that Booking Holdings Inc. will post 125.85 earnings per share 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.