ICICI Prudential Asset Management Co Ltd Makes New $242,000 Investment in Booking Holdings Inc. (NASDAQ:BKNG)

ICICI Prudential Asset Management Co Ltd acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNGGet Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 101 shares of the business services provider’s stock, valued at approximately $242,000.

Several other hedge funds have also bought and sold shares of BKNG. Capital World Investors boosted its holdings in Booking by 9.0% in the third quarter. Capital World Investors now owns 1,484,728 shares of the business services provider’s stock valued at $3,524,551,000 after acquiring an additional 122,091 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Booking by 2.3% during the third quarter. Geode Capital Management LLC now owns 646,577 shares of the business services provider’s stock worth $1,530,252,000 after purchasing an additional 14,328 shares in the last quarter. AKO Capital LLP lifted its stake in shares of Booking by 36.5% during the fourth quarter. AKO Capital LLP now owns 523,490 shares of the business services provider’s stock worth $1,255,973,000 after purchasing an additional 140,070 shares in the last quarter. Parnassus Investments LLC lifted its stake in shares of Booking by 5.8% during the third quarter. Parnassus Investments LLC now owns 302,312 shares of the business services provider’s stock worth $717,649,000 after purchasing an additional 16,599 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Booking by 11.6% during the third quarter. UBS Asset Management Americas Inc. now owns 275,737 shares of the business services provider’s stock worth $654,564,000 after purchasing an additional 28,769 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

A number of analysts have recently issued reports on BKNG shares. Piper Sandler dropped their target price on Booking from $2,470.00 to $2,440.00 in a research report on Thursday, February 24th. Oppenheimer raised Booking from a “market perform” rating to an “outperform” rating and set a $2,560.00 price objective for the company in a report on Wednesday, March 9th. Credit Suisse Group lowered their price objective on Booking from $3,100.00 to $2,850.00 and set an “outperform” rating for the company in a report on Thursday, February 24th. Citigroup raised Booking from a “neutral” rating to a “buy” rating and upped their target price for the company from $2,290.00 to $2,600.00 in a report on Wednesday, April 20th. Finally, TheStreet lowered Booking from a “b-” rating to a “c+” rating in a report on Monday, March 21st. Nine investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $2,746.48.

In other news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $2,199.81, for a total transaction of $1,649,857.50. Following the sale, the chief executive officer now directly owns 49,265 shares of the company’s stock, valued at $108,373,639.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David I. Goulden sold 183 shares of the stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $2,210.00, for a total transaction of $404,430.00. Following the sale, the chief financial officer now directly owns 6,569 shares in the company, valued at $14,517,490. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

BKNG stock traded down $59.53 during mid-day trading on Tuesday, reaching $2,186.51. 6,311 shares of the stock traded hands, compared to its average volume of 444,546. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 1.58. Booking Holdings Inc. has a 52 week low of $1,796.45 and a 52 week high of $2,715.66. The business has a 50-day moving average of $2,233.85 and a two-hundred day moving average of $2,337.06. The firm has a market capitalization of $89.78 billion, a PE ratio of 79.87, a P/E/G ratio of 1.34 and a beta of 1.22.

Booking (NASDAQ:BKNGGet Rating) last released its earnings results on Wednesday, February 23rd. The business services provider reported $15.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $12.73 by $3.10. Booking had a net margin of 10.63% and a return on equity of 35.57%. The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter last year, the company earned ($0.57) earnings per share. The firm’s revenue was up 140.8% on a year-over-year basis. On average, equities research analysts anticipate that Booking Holdings Inc. will post 86.72 EPS for the current fiscal year.

Booking Profile (Get Rating)

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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