Weitz Investment Management Inc. Grows Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Weitz Investment Management Inc. lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 166.4% in the 1st quarter, HoldingsChannel reports. The fund owned 21,500 shares of the business services provider’s stock after acquiring an additional 13,430 shares during the quarter. Booking comprises 1.6% of Weitz Investment Management Inc.’s holdings, making the stock its 21st biggest position. Weitz Investment Management Inc.’s holdings in Booking were worth $37,516,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BKNG. Guidant Wealth Advisors acquired a new stake in shares of Booking in the first quarter worth $26,000. AdvisorNet Financial Inc boosted its position in shares of Booking by 850.0% in the first quarter. AdvisorNet Financial Inc now owns 19 shares of the business services provider’s stock worth $33,000 after buying an additional 17 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Booking in the first quarter worth $44,000. Horan Capital Advisors LLC. acquired a new stake in shares of Booking in the first quarter worth $49,000. Finally, Hanson McClain Inc. boosted its position in shares of Booking by 1,650.0% in the first quarter. Hanson McClain Inc. now owns 35 shares of the business services provider’s stock worth $61,000 after buying an additional 33 shares during the period. 93.00% of the stock is owned by institutional investors and hedge funds.

NASDAQ BKNG traded down $28.88 during trading on Friday, hitting $1,780.64. 6,642 shares of the company traded hands, compared to its average volume of 342,046. Booking Holdings Inc. has a 12 month low of $1,606.27 and a 12 month high of $2,162.91. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $77.88 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 1.48 and a beta of 1.06.

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

A number of analysts recently issued reports on the company. Cowen lifted their price objective on Booking from $2,200.00 to $2,300.00 and gave the company a “positive” rating in a research report on Thursday, February 21st. Bank of America reissued a “buy” rating and set a $2,400.00 price objective (up previously from $2,300.00) on shares of Booking in a research report on Tuesday, February 26th. Piper Jaffray Companies cut Booking from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $2,100.00 to $1,800.00 in a research report on Thursday, February 28th. Atlantic Securities cut Booking from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 28th. Finally, Wedbush reissued an “outperform” rating and set a $2,000.00 price objective (down previously from $2,100.00) on shares of Booking in a research report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have issued a buy rating to the stock. Booking currently has a consensus rating of “Hold” and a consensus price target of $2,072.70.

In other news, CEO Gillian Tans sold 321 shares of Booking stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,834.00, for a total value of $588,714.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey E. Epstein sold 250 shares of Booking stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $1,755.75, for a total value of $438,937.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,177 shares of company stock worth $2,105,483. Corporate insiders own 0.24% of the company’s stock.

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About Booking

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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