Verition Fund Management LLC Takes $5.05 Million Position in Booking Holdings Inc. (BKNG)

Verition Fund Management LLC bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,426 shares of the business services provider’s stock, valued at approximately $5,047,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. C WorldWide Group Holding A S purchased a new position in shares of Booking in the 1st quarter worth $104,000. Paradigm Asset Management Co. LLC purchased a new position in shares of Booking in the 1st quarter worth $104,000. Fortis Advisors LLC purchased a new position in shares of Booking in the 1st quarter worth $104,000. Whittier Trust Co. purchased a new position in shares of Booking in the 1st quarter worth $108,000. Finally, First Personal Financial Services purchased a new position in shares of Booking in the 1st quarter worth $119,000. 90.65% of the stock is owned by institutional investors.

In related news, CEO Gillian Tans sold 295 shares of Booking stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $2,094.11, for a total transaction of $617,762.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.



A number of brokerages have commented on BKNG. Deutsche Bank reissued a “hold” rating and issued a $2,175.00 price objective on shares of Booking in a research note on Tuesday, May 8th. They noted that the move was a valuation call. Needham & Company LLC lifted their price objective on shares of Booking from $2,000.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, March 15th. Royal Bank of Canada reissued an “outperform” rating on shares of Booking in a research note on Thursday, May 10th. Barclays reissued an “overweight” rating and issued a $2,260.00 price objective on shares of Booking in a research note on Friday, March 16th. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $2,050.00 price objective on shares of Booking in a research note on Monday, May 7th. Nine research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $2,172.07.

Booking opened at $2,126.38 on Thursday, Marketbeat reports. The stock has a market capitalization of $102.34 billion, a PE ratio of 27.62, a PEG ratio of 1.64 and a beta of 1.21. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.14 and a quick ratio of 2.14. Booking Holdings Inc. has a 12-month low of $1,630.56 and a 12-month high of $2,228.99.

Booking (NASDAQ:BKNG) last released its earnings results on Wednesday, May 9th. The business services provider reported $12.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $10.68 by $1.32. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.87 billion. Booking had a net margin of 18.90% and a return on equity of 22.03%. The business’s revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the business earned $9.88 EPS. research analysts forecast that Booking Holdings Inc. will post 88.84 EPS for the current year.

About Booking

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.

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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