Cozad Asset Management Inc. Reduces Position in Booking Holdings Inc. (BKNG)
Cozad Asset Management Inc. trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 13.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 807 shares of the business services provider’s stock after selling 127 shares during the quarter. Cozad Asset Management Inc.’s holdings in Booking were worth $1,390,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. First Hawaiian Bank lifted its stake in shares of Booking by 6.8% in the 4th quarter. First Hawaiian Bank now owns 3,155 shares of the business services provider’s stock valued at $5,435,000 after purchasing an additional 200 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Booking by 0.4% in the 4th quarter. State of Alaska Department of Revenue now owns 7,594 shares of the business services provider’s stock valued at $13,078,000 after acquiring an additional 33 shares during the last quarter. Cerebellum GP LLC increased its holdings in shares of Booking by 61.5% in the 4th quarter. Cerebellum GP LLC now owns 147 shares of the business services provider’s stock valued at $253,000 after acquiring an additional 56 shares during the last quarter. Capital Investment Services of America Inc. increased its holdings in shares of Booking by 4.2% in the 4th quarter. Capital Investment Services of America Inc. now owns 5,118 shares of the business services provider’s stock valued at $8,815,000 after acquiring an additional 207 shares during the last quarter. Finally, Moody National Bank Trust Division purchased a new position in shares of Booking in the 4th quarter valued at about $53,000. Institutional investors own 91.91% of the company’s stock.
In related news, CEO Gillian Tans sold 294 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $1,796.66, for a total transaction of $528,218.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is currently owned by insiders.
Booking (NASDAQ:BKNG) last released its quarterly earnings results on Monday, November 5th. The business services provider reported $37.78 earnings per share for the quarter, missing analysts’ consensus estimates of $38.37 by ($0.59). The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.81 billion. Booking had a net margin of 19.81% and a return on equity of 26.87%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $34.43 earnings per share. Equities analysts predict that Booking Holdings Inc. will post 89.6 earnings per share for the current fiscal year.
Several brokerages have weighed in on BKNG. Zacks Investment Research upgraded Booking from a “hold” rating to a “buy” rating and set a $1,917.00 target price on the stock in a research note on Tuesday, January 8th. DA Davidson set a $2,000.00 price objective on Booking and gave the company a “hold” rating in a research report on Tuesday, November 6th. Jefferies Financial Group downgraded Booking from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Wedbush set a $2,500.00 price target on Booking and gave the company a “buy” rating in a research report on Tuesday, November 6th. Finally, Royal Bank of Canada boosted their price objective on Booking to $2,425.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 6th. Twelve research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Booking currently has a consensus rating of “Buy” and a consensus price target of $2,145.76.
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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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