June 22, 2021

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Business is my step

Iron Financial LLC Invests $238,000 in Booking Holdings Inc. (NASDAQ:BKNG)

3 min read

Iron Financial LLC bought a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, Holdings Channel.com reports. The firm bought 107 shares of the business services provider’s stock, valued at approximately $238,000.

Several other hedge funds also recently bought and sold shares of BKNG. Bainco International Investors bought a new position in shares of Booking in the fourth quarter worth about $29,000. Quantum Capital Management lifted its holdings in shares of Booking by 63.6% in the third quarter. Quantum Capital Management now owns 18 shares of the business services provider’s stock worth $30,000 after acquiring an additional 7 shares during the last quarter. Jeppson Wealth Management LLC bought a new position in shares of Booking in the third quarter worth about $38,000. Harvest Fund Management Co. Ltd bought a new position in shares of Booking in the third quarter worth about $42,000. Finally, Rockbridge Investment Management LCC bought a new position in shares of Booking in the second quarter worth about $43,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on the company. Loop Capital assumed coverage on Booking in a research note on Monday, January 4th. They issued a “hold” rating and a $2,029.00 price objective for the company. Morgan Stanley upped their price objective on Booking from $2,250.00 to $2,450.00 and gave the company an “equal weight” rating in a research note on Monday. UBS Group lowered their price objective on Booking from $1,950.00 to $1,840.00 and set a “neutral” rating for the company in a research note on Friday, November 6th. Bank of America upped their price objective on Booking from $2,165.00 to $2,285.00 and gave the company a “neutral” rating in a research note on Monday, January 4th. Finally, Barclays upped their price objective on Booking from $1,960.00 to $2,290.00 and gave the company an “overweight” rating in a research note on Tuesday, December 1st. One research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $1,914.07.

NASDAQ:BKNG traded down $13.92 during trading hours on Wednesday, hitting $2,182.42. 238,156 shares of the company traded hands, compared to its average volume of 312,970. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 2.39. The firm’s 50-day simple moving average is $2,130.65 and its 200-day simple moving average is $1,860.74. Booking Holdings Inc. has a one year low of $1,107.29 and a one year high of $2,290.03. The company has a market cap of $89.38 billion, a PE ratio of 65.74, a PEG ratio of 3.75 and a beta of 1.23.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, November 5th. The business services provider reported $12.27 EPS for the quarter, missing the Zacks’ consensus estimate of $15.98 by ($3.71). The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.53 billion. Booking had a return on equity of 25.72% and a net margin of 15.68%. The company’s revenue for the quarter was down 47.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $45.54 earnings per share. As a group, equities research analysts expect that Booking Holdings Inc. will post 3.15 EPS for the current 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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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).

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)



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