Cigna Investments Inc. New Increases Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

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Cigna Investments Inc. New increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 29.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,453 shares of the business services provider’s stock after acquiring an additional 331 shares during the quarter. Cigna Investments Inc. New’s holdings in Booking were worth $1,955,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. lifted its stake in Booking by 3.4% in the first quarter. BlackRock Inc. now owns 2,872,423 shares of the business services provider’s stock worth $3,864,326,000 after acquiring an additional 95,575 shares during the period. FMR LLC lifted its stake in Booking by 0.7% in the fourth quarter. FMR LLC now owns 1,338,753 shares of the business services provider’s stock worth $2,749,437,000 after acquiring an additional 9,346 shares during the period. Geode Capital Management LLC raised its holdings in Booking by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 687,453 shares of the business services provider’s stock worth $1,409,495,000 after purchasing an additional 6,712 shares in the last quarter. Capital International Investors raised its holdings in Booking by 0.6% in the fourth quarter. Capital International Investors now owns 658,536 shares of the business services provider’s stock worth $1,352,455,000 after purchasing an additional 3,697 shares in the last quarter. Finally, Investec Asset Management LTD raised its holdings in Booking by 9.0% in the fourth quarter. Investec Asset Management LTD now owns 559,169 shares of the business services provider’s stock worth $1,148,382,000 after purchasing an additional 45,984 shares in the last quarter. 91.89% of the stock is owned by institutional investors.

A number of equities analysts have issued reports on BKNG shares. Mizuho decreased their price objective on Booking from $2,050.00 to $1,720.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. SunTrust Banks decreased their price objective on Booking from $2,070.00 to $2,030.00 and set a “buy” rating for the company in a report on Friday, May 8th. Royal Bank of Canada increased their price objective on Booking from $1,535.00 to $1,550.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. JPMorgan Chase & Co. decreased their price objective on Booking from $1,520.00 to $1,460.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Finally, Goldman Sachs Group decreased their price objective on Booking from $1,700.00 to $1,225.00 and set a “neutral” rating for the company in a report on Friday, March 27th. Eighteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Booking currently has an average rating of “Hold” and an average price target of $1,730.96.

NASDAQ BKNG traded up $35.62 during trading hours on Friday, hitting $1,631.30. The company’s stock had a trading volume of 560,967 shares, compared to its average volume of 632,610. Booking Holdings Inc. has a 12 month low of $1,107.29 and a 12 month high of $2,094.00. The company’s 50 day simple moving average is $1,408.00 and its two-hundred day simple moving average is $1,733.66. The company has a market cap of $65.31 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 6.40 and a beta of 1.03. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.24 and a quick ratio of 2.24.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, May 7th. The business services provider reported $3.77 EPS for the quarter, missing the consensus estimate of $6.12 by ($2.35). The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.19 billion. Booking had a return on equity of 78.22% and a net margin of 23.43%. Booking’s quarterly revenue was down 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $11.17 earnings per share. As a group, research analysts predict that Booking Holdings Inc. will post 22.02 earnings per share 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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