Symmetry Partners LLC Acquires 18 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Symmetry Partners LLC grew its holdings in Booking Holdings Inc. (NASDAQ:BKNGGet Rating) by 10.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 186 shares of the business services provider’s stock after purchasing an additional 18 shares during the quarter. Symmetry Partners LLC’s holdings in Booking were worth $325,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BKNG. Norges Bank acquired a new stake in shares of Booking in the 4th quarter valued at approximately $1,013,778,000. Schroder Investment Management Group raised its position in shares of Booking by 55.4% in the 4th quarter. Schroder Investment Management Group now owns 466,525 shares of the business services provider’s stock valued at $1,119,301,000 after acquiring an additional 166,288 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Booking by 320.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 181,603 shares of the business services provider’s stock valued at $426,486,000 after acquiring an additional 138,379 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Booking by 3,557.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 142,166 shares of the business services provider’s stock valued at $333,870,000 after acquiring an additional 138,279 shares during the period. Finally, Capital World Investors raised its position in shares of Booking by 6.2% in the 1st quarter. Capital World Investors now owns 1,610,185 shares of the business services provider’s stock valued at $3,781,439,000 after acquiring an additional 94,296 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BKNG. Mizuho cut their price target on shares of Booking from $2,750.00 to $2,300.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. Morgan Stanley raised their target price on shares of Booking from $2,100.00 to $2,300.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 23rd. Stifel Nicolaus dropped their target price on shares of Booking from $2,400.00 to $2,300.00 and set a “hold” rating on the stock in a report on Thursday, August 4th. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Friday, September 2nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Booking from $2,900.00 to $2,435.00 and set an “overweight” rating on the stock in a report on Wednesday, June 29th. Eight equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and an average price target of $2,550.37.

Booking Stock Down 4.1 %

BKNG stock opened at $1,876.45 on Monday. The company has a market cap of $74.51 billion, a PE ratio of 50.03, a price-to-earnings-growth ratio of 1.21 and a beta of 1.23. The business has a 50-day simple moving average of $1,916.23 and a 200 day simple moving average of $2,043.19. Booking Holdings Inc. has a 52 week low of $1,669.34 and a 52 week high of $2,715.66. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.22.

Booking (NASDAQ:BKNGGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The business services provider reported $19.08 EPS for the quarter, beating analysts’ consensus estimates of $17.93 by $1.15. Booking had a return on equity of 62.69% and a net margin of 10.54%. During the same period in the prior year, the firm earned ($2.55) earnings per share. Sell-side analysts anticipate that Booking Holdings Inc. will post 93.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other Booking news, Director Robert J. Mylod, Jr. bought 500 shares of the stock in a transaction on Monday, August 29th. The stock was purchased at an average price of $1,912.37 per share, with a total value of $956,185.00. Following the completion of the purchase, the director now owns 2,580 shares in the company, valued at $4,933,914.60. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other Booking news, Director Robert J. Mylod, Jr. bought 500 shares of the stock in a transaction on Monday, August 29th. The stock was purchased at an average price of $1,912.37 per share, with a total value of $956,185.00. Following the completion of the purchase, the director now owns 2,580 shares in the company, valued at $4,933,914.60. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Radakovich Lynn M. Vojvodich sold 40 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $1,955.62, for a total value of $78,224.80. Following the transaction, the director now directly owns 875 shares of the company’s stock, valued at approximately $1,711,167.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,440 shares of company stock valued at $3,003,813. 0.13% of the stock is currently owned by corporate insiders.

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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