Citizens Financial Group Inc RI Increases Stake in Booking Holdings Inc. (BKNG)

Citizens Financial Group Inc RI grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 29.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 179 shares of the business services provider’s stock after buying an additional 41 shares during the period. Citizens Financial Group Inc RI’s holdings in Booking were worth $308,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BKNG. Moody National Bank Trust Division purchased a new stake in Booking during the 4th quarter worth $53,000. Financial Gravity Companies Inc. purchased a new stake in Booking during the 4th quarter worth $72,000. Athena Capital Advisors LLC purchased a new stake in Booking during the 4th quarter worth $74,000. CKW Financial Group purchased a new stake in Booking during the 4th quarter worth $78,000. Finally, Ayalon Holdings Ltd. purchased a new stake in Booking during the 4th quarter worth $84,000. 91.82% of the stock is owned by institutional investors.

BKNG has been the subject of a number of research reports. Zacks Investment Research raised shares of Booking from a “hold” rating to a “buy” rating and set a $1,917.00 price target for the company in a research report on Tuesday, January 8th. Tigress Financial reaffirmed a “buy” rating on shares of Booking in a research report on Monday, December 24th. Wedbush set a $2,500.00 price target on shares of Booking and gave the stock a “buy” rating in a research report on Tuesday, November 6th. Bank of America upped their price target on shares of Booking from $2,150.00 to $2,300.00 and gave the stock a “buy” rating in a research report on Tuesday, November 6th. Finally, Deutsche Bank raised shares of Booking from a “hold” rating to a “buy” rating and upped their price target for the stock from $2,150.00 to $2,370.00 in a research report on Tuesday, February 5th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $2,195.52.

Shares of BKNG stock opened at $1,713.87 on Friday. Booking Holdings Inc. has a 12 month low of $1,606.27 and a 12 month high of $2,228.99. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $88.51 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 1.39 and a beta of 1.14.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Wednesday, February 27th. The business services provider reported $22.49 EPS for the quarter, topping analysts’ consensus estimates of $19.39 by $3.10. Booking had a net margin of 19.81% and a return on equity of 26.87%. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the previous year, the business posted $16.86 EPS. The firm’s revenue was up 14.6% compared to the same quarter last year. Sell-side analysts forecast that Booking Holdings Inc. will post 89.59 EPS for the current fiscal year.

In other news, CEO Gillian Tans sold 294 shares of the company’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $1,796.66, for a total value of $528,218.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.24% of the company’s stock.

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Booking Company 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.

Further Reading: How is net asset value different from market price?

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)



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