Fosun International Ltd Lowers Position in Booking Holdings Inc. (NASDAQ:BKNG)

Fosun International Ltd lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 56.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,430 shares of the business services provider’s stock after selling 1,850 shares during the period. Fosun International Ltd’s holdings in Booking were worth $2,964,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in BKNG. Savior LLC purchased a new position in shares of Booking during the 4th quarter valued at approximately $27,000. CNB Bank purchased a new position in shares of Booking during the 4th quarter valued at approximately $29,000. IndexIQ Advisors LLC purchased a new position in shares of Booking during the 4th quarter valued at approximately $31,000. Samalin Investment Counsel LLC acquired a new position in Booking in the 4th quarter valued at $32,000. Finally, Advocacy Wealth Management Services LLC raised its stake in Booking by 45.5% in the 4th quarter. Advocacy Wealth Management Services LLC now owns 16 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 5 shares during the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

BKNG has been the subject of several recent research reports. Mizuho reduced their price objective on Booking from $2,150.00 to $2,050.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Tigress Financial reissued a “buy” rating on shares of Booking in a research note on Friday, January 31st. DA Davidson reissued a “neutral” rating and issued a $1,775.00 price objective on shares of Booking in a research note on Wednesday, February 26th. Raymond James reissued a “hold” rating on shares of Booking in a research note on Friday, February 21st. Finally, Royal Bank of Canada reduced their price objective on Booking from $2,150.00 to $1,900.00 and set an “outperform” rating for the company in a research note on Tuesday, March 10th. Seventeen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $1,931.73.

Shares of BKNG traded up $82.05 during midday trading on Tuesday, reaching $1,234.29. The company had a trading volume of 398,744 shares, compared to its average volume of 950,180. Booking Holdings Inc. has a 1-year low of $1,107.29 and a 1-year high of $2,094.00. The stock has a market cap of $48.35 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 0.90 and a beta of 0.95. The firm has a 50 day simple moving average of $1,696.12 and a 200-day simple moving average of $1,911.56. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.54.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $23.30 earnings per share for the quarter, topping analysts’ consensus estimates of $22.11 by $1.19. The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Booking had a return on equity of 74.06% and a net margin of 32.29%. During the same period in the prior year, the business posted $22.49 EPS. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 79.73 earnings per share 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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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