Sompo Japan Nipponkoa Asset Management CO. LTD. grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,352 shares of the business services provider’s stock after purchasing an additional 330 shares during the quarter. Booking comprises 1.6% of Sompo Japan Nipponkoa Asset Management CO. LTD.’s portfolio, making the stock its 18th biggest holding. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Booking were worth $5,855,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of BKNG. Norges Bank acquired a new stake in shares of Booking in the fourth quarter valued at about $920,496,000. First Pacific Advisors LP grew its position in shares of Booking by 5,187.2% in the first quarter. First Pacific Advisors LP now owns 132,444 shares of the business services provider’s stock valued at $178,180,000 after purchasing an additional 129,939 shares during the last quarter. Manning & Napier Group LLC grew its position in shares of Booking by 369.9% in the first quarter. Manning & Napier Group LLC now owns 163,294 shares of the business services provider’s stock valued at $219,682,000 after purchasing an additional 128,545 shares during the last quarter. BlackRock Inc. grew its position in shares of Booking by 3.4% in the first quarter. BlackRock Inc. now owns 2,872,423 shares of the business services provider’s stock valued at $3,864,326,000 after purchasing an additional 95,575 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Booking by 37.9% in the fourth quarter. Nuveen Asset Management LLC now owns 345,863 shares of the business services provider’s stock valued at $710,309,000 after buying an additional 95,143 shares during the period. 91.89% of the stock is currently owned by institutional investors.
Shares of NASDAQ:BKNG traded up $35.62 during trading on Friday, reaching $1,631.30. The stock had a trading volume of 560,967 shares, compared to its average volume of 632,610. Booking Holdings Inc. has a 52 week low of $1,107.29 and a 52 week high of $2,094.00. The business’s 50-day moving average price is $1,408.00 and its 200 day moving average price is $1,733.66. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market capitalization of $65.31 billion, a PE ratio of 20.72, a P/E/G ratio of 6.40 and a beta of 1.03.
Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, May 7th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.12 by ($2.35). Booking had a net margin of 23.43% and a return on equity of 78.22%. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the firm posted $11.17 EPS. The business’s revenue was down 19.4% on a year-over-year basis. Analysts forecast that Booking Holdings Inc. will post 22.02 EPS for the current year.
Several equities research analysts recently weighed in on BKNG shares. Morgan Stanley reduced their target price on shares of Booking from $2,200.00 to $2,050.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Zacks Investment Research upgraded shares of Booking from a “sell” rating to a “hold” rating and set a $1,434.00 target price for the company in a research note on Thursday, March 26th. Wells Fargo & Co reiterated a “hold” rating on shares of Booking in a research note on Friday, May 8th. Cfra reduced their target price on shares of Booking from $1,800.00 to $1,550.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Finally, JMP Securities reduced their target price on shares of Booking from $1,650.00 to $1,600.00 and set a “market outperform” rating for the company in a research note on Thursday, April 9th. Eighteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $1,730.96.
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.
Featured Story: Pattern Day Trader – What is the PDT Rule?
Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG).
Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.