Cetera Advisor Networks LLC Purchases 6 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Cetera Advisor Networks LLC increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1.2% in the 3rd quarter, Holdings Channel reports. The firm owned 497 shares of the business services provider’s stock after buying an additional 6 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Booking were worth $986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of BKNG. Wambolt & Associates LLC raised its stake in Booking by 1.3% during the third quarter. Wambolt & Associates LLC now owns 390 shares of the business services provider’s stock worth $765,000 after acquiring an additional 5 shares in the last quarter. Beacon Financial Group raised its stake in Booking by 1.3% during the third quarter. Beacon Financial Group now owns 381 shares of the business services provider’s stock worth $741,000 after acquiring an additional 5 shares in the last quarter. First Financial Corp IN raised its stake in Booking by 10.0% during the third quarter. First Financial Corp IN now owns 55 shares of the business services provider’s stock worth $108,000 after acquiring an additional 5 shares in the last quarter. Winfield Associates Inc. raised its stake in Booking by 0.5% during the third quarter. Winfield Associates Inc. now owns 1,000 shares of the business services provider’s stock worth $1,963,000 after acquiring an additional 5 shares in the last quarter. Finally, Kovack Advisors Inc. raised its stake in Booking by 0.9% during the third quarter. Kovack Advisors Inc. now owns 560 shares of the business services provider’s stock worth $1,099,000 after acquiring an additional 5 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on BKNG. Goldman Sachs Group dropped their price objective on Booking from $1,800.00 to $1,750.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Morgan Stanley increased their price objective on Booking from $2,050.00 to $2,100.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 8th. Zacks Investment Research lowered Booking from a “buy” rating to a “hold” rating and set a $2,153.00 price objective for the company. in a research note on Thursday, September 12th. UBS Group increased their price objective on Booking from $1,960.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Wedbush increased their price objective on Booking from $1,950.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $2,091.27.

Shares of NASDAQ:BKNG opened at $1,848.82 on Monday. Booking Holdings Inc. has a twelve month low of $1,606.27 and a twelve month high of $2,081.81. The firm has a market cap of $78.08 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.42 and a beta of 1.12. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.82 and a current ratio of 1.82. The business has a fifty day moving average of $1,980.41 and a 200-day moving average of $1,899.32.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, November 7th. The business services provider reported $45.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $44.87 by $0.49. Booking had a return on equity of 67.17% and a net margin of 29.05%. The company had revenue of $5.04 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same period last year, the company posted $37.78 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, analysts anticipate that Booking Holdings Inc. will post 101.39 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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