Deltec Asset Management LLC Grows Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Deltec Asset Management LLC grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 70.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 786 shares of the business services provider’s stock after buying an additional 326 shares during the period. Deltec Asset Management LLC’s holdings in Booking were worth $3,311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hexagon Capital Partners LLC boosted its position in Booking by 30.0% during the first quarter. Hexagon Capital Partners LLC now owns 13 shares of the business services provider’s stock worth $47,000 after purchasing an additional 3 shares during the period. Proficio Capital Partners LLC boosted its holdings in Booking by 1.9% in the 1st quarter. Proficio Capital Partners LLC now owns 157 shares of the business services provider’s stock worth $570,000 after buying an additional 3 shares during the period. Team Hewins LLC grew its stake in Booking by 1.7% in the 1st quarter. Team Hewins LLC now owns 182 shares of the business services provider’s stock valued at $660,000 after buying an additional 3 shares in the last quarter. Csenge Advisory Group raised its holdings in Booking by 4.7% during the 1st quarter. Csenge Advisory Group now owns 67 shares of the business services provider’s stock valued at $243,000 after acquiring an additional 3 shares during the period. Finally, Bleakley Financial Group LLC lifted its position in shares of Booking by 0.3% during the first quarter. Bleakley Financial Group LLC now owns 869 shares of the business services provider’s stock worth $3,153,000 after acquiring an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BKNG. Royal Bank of Canada reiterated an “outperform” rating and set a $3,900.00 price target on shares of Booking in a research report on Monday, August 5th. B. Riley reduced their price target on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Bank of America raised their price target on Booking from $3,950.00 to $4,448.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Benchmark reaffirmed a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research note on Tuesday. Finally, Morgan Stanley raised their price objective on shares of Booking from $4,000.00 to $4,200.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $4,256.89.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.12% of the company’s stock.

Booking Trading Up 1.8 %

Shares of BKNG stock opened at $4,427.54 on Wednesday. The stock’s 50-day moving average price is $4,085.91 and its 200-day moving average price is $3,862.39. Booking Holdings Inc. has a 12-month low of $2,756.13 and a 12-month high of $4,440.87. The stock has a market capitalization of $148.41 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $39.22 by $2.68. The business had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $37.62 EPS. As a group, research analysts predict that Booking Holdings Inc. will post 177.29 EPS for the current fiscal 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.