State of New Jersey Common Pension Fund D trimmed its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,277 shares of the business services provider's stock after selling 213 shares during the period. State of New Jersey Common Pension Fund D's holdings in Booking were worth $60,997,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Capital Performance Advisors LLP lifted its stake in shares of Booking by 40.0% in the 4th quarter. Capital Performance Advisors LLP now owns 49 shares of the business services provider's stock valued at $246,000 after purchasing an additional 14 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Booking during the 4th quarter worth approximately $89,000. Mainsail Asset Management LLC bought a new stake in shares of Booking during the 4th quarter worth approximately $224,000. Monument Capital Management lifted its stake in shares of Booking by 1.4% during the 4th quarter. Monument Capital Management now owns 856 shares of the business services provider's stock worth $4,255,000 after acquiring an additional 12 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of Booking by 14.1% during the 4th quarter. J.W. Cole Advisors Inc. now owns 81 shares of the business services provider's stock worth $403,000 after acquiring an additional 10 shares during the last quarter. 92.42% of the stock is owned by institutional investors.
Booking Stock Down 1.8 %
Shares of Booking stock traded down $92.37 during trading on Thursday, reaching $5,018.23. The company's stock had a trading volume of 299,713 shares, compared to its average volume of 258,695. The company has a market cap of $166.10 billion, a price-to-earnings ratio of 34.05, a P/E/G ratio of 1.78 and a beta of 1.39. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The company has a 50-day simple moving average of $4,913.12 and a two-hundred day simple moving average of $4,537.47.
Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping analysts' consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. As a group, analysts anticipate that Booking Holdings Inc. will post 181.71 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on BKNG. Tigress Financial raised their price target on Booking from $4,580.00 to $5,600.00 and gave the stock a "strong-buy" rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised their price target on Booking from $4,900.00 to $5,200.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Benchmark reissued a "buy" rating and set a $4,600.00 price target on shares of Booking in a research note on Tuesday, October 29th. Baird R W raised Booking to a "strong-buy" rating in a research note on Wednesday, November 27th. Finally, Robert W. Baird started coverage on Booking in a research note on Wednesday, November 27th. They set an "outperform" rating and a $5,850.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,044.43.
Read Our Latest Stock Report on BKNG
Booking Profile
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Free Report)
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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