Argent Trust Co Acquires 33 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Argent Trust Co boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,879 shares of the business services provider’s stock after buying an additional 33 shares during the period. Argent Trust Co’s holdings in Booking were worth $4,379,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. CenterStar Asset Management LLC increased its position in shares of Booking by 100.6% during the first quarter. CenterStar Asset Management LLC now owns 12 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 2,060 shares during the period. Albion Financial Group UT bought a new stake in shares of Booking during the fourth quarter valued at approximately $56,000. Capital Asset Advisory Services LLC bought a new stake in shares of Booking during the fourth quarter valued at approximately $58,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Booking during the first quarter valued at approximately $61,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Booking during the fourth quarter valued at approximately $65,000. 90.29% of the stock is currently owned by institutional investors.

In related news, Director Jeffery H. Boyd sold 873 shares of Booking stock in a transaction that occurred on Wednesday, May 12th. The shares were sold at an average price of $2,228.65, for a total transaction of $1,945,611.45. Following the transaction, the director now owns 40,982 shares of the company’s stock, valued at approximately $91,334,534.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is owned by company insiders.

A number of analysts have recently issued reports on the company. Piper Sandler boosted their price objective on Booking from $1,709.00 to $2,345.00 and gave the company a “neutral” rating in a research report on Thursday, February 25th. Deutsche Bank Aktiengesellschaft boosted their price target on Booking from $2,600.00 to $2,665.00 and gave the company a “buy” rating in a research note on Thursday, May 6th. Cowen boosted their price target on Booking from $2,550.00 to $2,700.00 and gave the company an “outperform” rating in a research note on Thursday, April 22nd. Zacks Investment Research raised Booking from a “sell” rating to a “hold” rating and set a $2,258.00 price target on the stock in a research note on Monday, February 15th. Finally, JMP Securities boosted their price target on Booking from $2,350.00 to $2,550.00 and gave the company an “outperform” rating in a research note on Monday, March 1st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $2,416.38.

Shares of NASDAQ:BKNG traded down $19.28 during trading on Friday, hitting $2,305.17. 4,566 shares of the company’s stock were exchanged, compared to its average volume of 389,236. The company’s 50-day moving average is $2,356.24. Booking Holdings Inc. has a 1-year low of $1,532.83 and a 1-year high of $2,516.00. The company has a market capitalization of $94.63 billion, a price-to-earnings ratio of 135.93, a P/E/G ratio of 4.11 and a beta of 1.27. The company has a debt-to-equity ratio of 2.28, a quick ratio of 2.18 and a current ratio of 2.18.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, May 4th. The business services provider reported ($5.26) earnings per share for the quarter, topping the consensus estimate of ($7.26) by $2.00. Booking had a net margin of 12.44% and a negative return on equity of 3.81%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. On average, research analysts predict that Booking Holdings Inc. will post 33.92 EPS 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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