Cigna Investments Inc. New Buys 331 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Cigna Investments Inc. New increased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 29.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,453 shares of the business services provider’s stock after acquiring an additional 331 shares during the quarter. Cigna Investments Inc. New’s holdings in Booking were worth $1,955,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Total Clarity Wealth Management Inc. bought a new stake in shares of Booking in the 4th quarter valued at $25,000. Savior LLC bought a new stake in Booking during the 4th quarter valued at $27,000. CNB Bank bought a new stake in Booking during the 4th quarter valued at $29,000. IndexIQ Advisors LLC bought a new stake in Booking during the 4th quarter valued at $31,000. Finally, Samalin Investment Counsel LLC bought a new stake in Booking during the 4th quarter valued at $32,000. Institutional investors own 91.89% of the company’s stock.

BKNG has been the subject of a number of recent research reports. Stifel Nicolaus decreased their price target on shares of Booking from $1,550.00 to $1,450.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Wells Fargo & Co restated a “hold” rating on shares of Booking in a research note on Friday, May 8th. JMP Securities decreased their price target on shares of Booking from $1,650.00 to $1,600.00 and set a “market outperform” rating for the company in a research note on Thursday, April 9th. DA Davidson reaffirmed a “neutral” rating and set a $1,775.00 price objective on shares of Booking in a report on Wednesday, February 26th. Finally, Barclays reaffirmed a “buy” rating and set a $1,610.00 price objective on shares of Booking in a report on Thursday, April 16th. Eighteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Booking currently has a consensus rating of “Hold” and a consensus target price of $1,730.96.

NASDAQ BKNG traded up $35.62 during trading on Friday, hitting $1,631.30. 560,967 shares of the company’s stock traded hands, compared to its average volume of 632,610. The stock has a market capitalization of $65.31 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 6.40 and a beta of 1.03. Booking Holdings Inc. has a 12-month low of $1,107.29 and a 12-month high of $2,094.00. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.24 and a current ratio of 2.24. The business has a 50 day moving average of $1,408.00 and a 200-day moving average of $1,733.66.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, May 7th. The business services provider reported $3.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $6.12 by ($2.35). The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Booking had a net margin of 23.43% and a return on equity of 78.22%. Booking’s revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period last year, the company earned $11.17 earnings per share. On average, analysts expect that Booking Holdings Inc. will post 22.02 EPS 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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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