Edge Financial Advisors LLC Acquires Shares of 50 Booking Holdings Inc. (NASDAQ:BKNG)

Edge Financial Advisors LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50 shares of the business services provider’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds have also made changes to their positions in BKNG. International Assets Investment Management LLC purchased a new position in shares of Booking during the third quarter worth about $5,322,600,000. Bessemer Group Inc. lifted its holdings in shares of Booking by 4,565.4% during the first quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock worth $227,143,000 after purchasing an additional 61,268 shares during the period. Mawer Investment Management Ltd. grew its position in Booking by 29.2% in the 1st quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock valued at $702,049,000 after buying an additional 43,743 shares during the last quarter. 1832 Asset Management L.P. increased its stake in Booking by 106.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after buying an additional 36,710 shares during the period. Finally, AustralianSuper Pty Ltd raised its position in Booking by 2,315.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock worth $145,755,000 after buying an additional 35,270 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BKNG shares. Cantor Fitzgerald reiterated a “neutral” rating and set a $3,590.00 price target on shares of Booking in a research note on Monday, October 7th. Benchmark reissued a “buy” rating and issued a $4,600.00 price target on shares of Booking in a report on Tuesday. Oppenheimer raised their target price on Booking from $4,200.00 to $5,000.00 and gave the company an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, DA Davidson reduced their price objective on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $4,256.89.

Insider Buying and Selling

In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.12% of the company’s stock.

Booking Trading Up 0.1 %

BKNG traded up $2.31 during midday trading on Wednesday, hitting $4,429.85. The company’s stock had a trading volume of 21,035 shares, compared to its average volume of 243,435. The firm has a market cap of $148.49 billion, a P/E ratio of 31.00, a PEG ratio of 1.44 and a beta of 1.40. Booking Holdings Inc. has a 52-week low of $2,756.13 and a 52-week high of $4,440.87. The firm has a 50-day moving average price of $4,085.91 and a two-hundred day moving average price of $3,862.39.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping the consensus estimate of $39.22 by $2.68. The firm had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. Booking’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $37.62 earnings per share. On average, equities analysts expect that Booking Holdings Inc. will post 177.29 EPS for the current year.

Booking Company 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.