Capital market

Fiera Capital Corp Has $1.46 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Fiera Capital Corp lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Get Rating) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange…

Blog

Feb 5, 2023 • 5 min read

Fiera Capital Corp lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Get Rating) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 973 shares of the business services provider's stock after acquiring an additional 44 shares during the quarter. Fiera Capital Corp's holdings in Booking were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission.

→ Hedge: Investors See the Light (From Wall Street Rebel)

Other hedge funds and other institutional investors have also modified their holdings of the company. Public Investment Fund acquired a new position in Booking in the 2nd quarter worth about $373,371,000. Arrowstreet Capital Limited Partnership increased its holdings in Booking by 3,557.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 142,166 shares of the business services provider's stock worth $333,870,000 after buying an additional 138,279 shares during the last quarter. Egerton Capital UK LLP bought a new position in Booking during the second quarter valued at approximately $190,990,000. Great West Life Assurance Co. Can bought a new position in Booking during the third quarter valued at approximately $146,280,000. Finally, Pacer Advisors Inc. lifted its stake in Booking by 6,440.6% in the third quarter. Pacer Advisors Inc. now owns 83,000 shares of the business services provider's stock valued at $136,386,000 after acquiring an additional 81,731 shares during the last quarter. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BKNG shares. Wells Fargo & Company increased their price target on shares of Booking from $2,050.00 to $2,400.00 and gave the stock an "equal weight" rating in a research note on Thursday. JMP Securities cut their target price on Booking from $2,300.00 to $2,250.00 and set a "market outperform" rating on the stock in a report on Thursday, October 20th. StockNews.com downgraded Booking from a "buy" rating to a "hold" rating in a research note on Friday, November 4th. Jefferies Financial Group cut their price objective on Booking from $2,700.00 to $2,250.00 and set a "buy" rating on the stock in a research note on Thursday, October 6th. Finally, Susquehanna reduced their target price on Booking from $2,800.00 to $2,650.00 and set a "positive" rating for the company in a report on Monday, November 7th. Nine equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,434.46.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 35 shares of the stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $1,966.84, for a total value of $68,839.40. Following the completion of the transaction, the director now owns 758 shares in the company, valued at approximately $1,490,864.72. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CFO David I. Goulden sold 550 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $2,297.91, for a total value of $1,263,850.50. Following the completion of the transaction, the chief financial officer now directly owns 4,969 shares of the company's stock, valued at approximately $11,418,314.79. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 35 shares of the business's stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $1,966.84, for a total value of $68,839.40. Following the completion of the sale, the director now directly owns 758 shares in the company, valued at approximately $1,490,864.72. The disclosure for this sale can be found here. Insiders have sold 2,120 shares of company stock worth $4,893,155 over the last 90 days. Corporate insiders own 0.13% of the company's stock.

Booking Stock Up 1.2 %

BKNG stock opened at $2,344.29 on Monday. The business's 50-day simple moving average is $2,060.32 and its 200 day simple moving average is $1,926.47. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.36. The company has a market cap of $90.93 billion, a PE ratio of 38.50, a price-to-earnings-growth ratio of 1.18 and a beta of 1.26. Booking Holdings Inc. has a twelve month low of $1,616.85 and a twelve month high of $2,715.66.

Booking (NASDAQ:BKNG - Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The business services provider reported $53.03 earnings per share for the quarter, topping the consensus estimate of $49.40 by $3.63. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.92 billion. Booking had a return on equity of 81.11% and a net margin of 15.23%. Booking's revenue for the quarter was up 28.8% compared to the same quarter last year. During the same quarter last year, the firm earned $37.70 EPS. On average, research analysts anticipate that Booking Holdings Inc. will post 95.72 earnings per share 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.