411 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Acquired by Mint Tower Capital Management B.V.

Mint Tower Capital Management B.V. purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) in the third quarter, Holdings Channel reports. The fund purchased 411 shares of the business services provider’s stock, valued at approximately $675,000.

Several other institutional investors have also modified their holdings of the stock. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Booking during the 3rd quarter worth approximately $12,099,000. FourThought Financial LLC lifted its position in shares of Booking by 11.2% during the 3rd quarter. FourThought Financial LLC now owns 109 shares of the business services provider’s stock worth $179,000 after buying an additional 11 shares during the last quarter. Industrial Alliance Investment Management Inc. lifted its position in shares of Booking by 0.9% during the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 4,265 shares of the business services provider’s stock worth $7,008,000 after buying an additional 38 shares during the last quarter. National Pension Service raised its position in Booking by 2.3% in the 3rd quarter. National Pension Service now owns 60,123 shares of the business services provider’s stock valued at $100,942,000 after purchasing an additional 1,348 shares during the last quarter. Finally, Glenmede Trust Co. NA raised its position in Booking by 24.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 43,543 shares of the business services provider’s stock valued at $71,548,000 after purchasing an additional 8,550 shares during the last quarter. Hedge funds and other institutional investors own 89.23% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the subject of several research reports. Bank of America upped their price target on shares of Booking from $2,700.00 to $2,850.00 and gave the company a “neutral” rating in a research report on Friday, February 24th. DA Davidson upped their price target on shares of Booking from $2,150.00 to $2,600.00 in a research report on Monday, February 27th. UBS Group upped their price target on shares of Booking from $2,785.00 to $2,900.00 and gave the company a “buy” rating in a research report on Friday, February 24th. Morgan Stanley upped their price target on shares of Booking from $2,300.00 to $2,500.00 and gave the company an “equal weight” rating in a research report on Monday, February 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Booking from $2,050.00 to $2,400.00 and gave the company an “equal weight” rating in a research note on Thursday, January 19th. Nine equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average price target of $2,675.16.

Booking Price Performance

Shares of NASDAQ BKNG opened at $2,439.91 on Friday. The stock has a market cap of $91.86 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 1.15 and a beta of 1.31. Booking Holdings Inc. has a 52 week low of $1,616.85 and a 52 week high of $2,630.00. The company’s 50-day moving average price is $2,427.05 and its 200 day moving average price is $2,076.76. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 4.56.

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, beating analysts’ consensus estimates of $20.97 by $3.77. The firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Booking had a net margin of 17.89% and a return on equity of 107.86%. The firm’s revenue was up 35.8% on a year-over-year basis. During the same period in the prior year, the company earned $15.83 EPS. As a group, research analysts forecast that Booking Holdings Inc. will post 127.01 earnings per share for the current fiscal year.

Insider Activity at Booking

In related news, Director Radakovich Lynn Vojvodich sold 35 shares of the stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $2,297.91, for a total value of $80,426.85. Following the sale, the director now directly owns 723 shares of the company’s stock, valued at approximately $1,661,388.93. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Booking news, Director Radakovich Lynn Vojvodich sold 35 shares of the company’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $2,297.91, for a total value of $80,426.85. Following the transaction, the director now directly owns 723 shares in the company, valued at approximately $1,661,388.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 1,400 shares of the company’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $2,320.41, for a total transaction of $3,248,574.00. Following the completion of the transaction, the chief executive officer now owns 43,804 shares in the company, valued at $101,643,239.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,085 shares of company stock valued at $4,824,315. Insiders own 0.13% of the company’s stock.

Booking Company Profile

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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.