GAM Holding AG Has $1.78 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

GAM Holding AG increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 24.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,017 shares of the business services provider’s stock after purchasing an additional 199 shares during the quarter. GAM Holding AG’s holdings in Booking were worth $1,775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dupont Capital Management Corp increased its holdings in shares of Booking by 47.0% during the 4th quarter. Dupont Capital Management Corp now owns 1,784 shares of the business services provider’s stock worth $3,073,000 after buying an additional 570 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Booking by 10.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 734 shares of the business services provider’s stock worth $1,264,000 after buying an additional 72 shares during the last quarter. LS Investment Advisors LLC increased its holdings in shares of Booking by 37.6% during the 4th quarter. LS Investment Advisors LLC now owns 1,164 shares of the business services provider’s stock worth $2,005,000 after buying an additional 318 shares during the last quarter. ETF Managers Group LLC increased its holdings in shares of Booking by 19.2% during the 4th quarter. ETF Managers Group LLC now owns 62 shares of the business services provider’s stock worth $107,000 after buying an additional 10 shares during the last quarter. Finally, Icon Advisers Inc. Co. increased its holdings in shares of Booking by 50.0% during the 4th quarter. Icon Advisers Inc. Co. now owns 600 shares of the business services provider’s stock worth $1,033,000 after buying an additional 200 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

In other Booking news, CEO Gillian Tans sold 606 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $1,791.14, for a total value of $1,085,430.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey E. Epstein sold 250 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $1,755.75, for a total transaction of $438,937.50. The disclosure for this sale can be found here. Insiders sold 1,783 shares of company stock worth $3,190,914 in the last three months. 0.24% of the stock is currently owned by corporate insiders.

BKNG has been the subject of a number of research analyst reports. Ascendiant Capital Markets set a $2,000.00 price objective on Booking and gave the stock a “buy” rating in a report on Tuesday, May 14th. Telsey Advisory Group downgraded Booking from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $2,100.00 to $1,800.00 in a report on Tuesday, March 19th. Wedbush downgraded Booking from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $2,000.00 to $1,850.00 in a report on Friday, March 22nd. ValuEngine downgraded Booking from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Finally, Morgan Stanley increased their price target on Booking from $1,900.00 to $1,950.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have given a buy rating to the company. Booking presently has an average rating of “Hold” and a consensus target price of $2,072.70.

Shares of BKNG stock traded up $29.54 during trading hours on Friday, hitting $1,874.71. 613,746 shares of the company were exchanged, compared to its average volume of 391,977. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.27 and a quick ratio of 1.27. Booking Holdings Inc. has a one year low of $1,606.27 and a one year high of $2,131.90. The firm has a 50-day moving average price of $1,778.18. The company has a market cap of $81.16 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.51 and a beta of 1.06.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, May 9th. The business services provider reported $11.17 EPS for the quarter, missing the consensus estimate of $11.26 by ($0.09). Booking had a return on equity of 48.32% and a net margin of 28.79%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the business posted $12.34 EPS. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, sell-side analysts expect that Booking Holdings Inc. will post 100.86 EPS for the current fiscal year.

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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