Shaker Investments LLC OH Takes $1.10 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

by · The Cerbat Gem

Shaker Investments LLC OH purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 262 shares of the business services provider’s stock, valued at approximately $1,104,000.

Several other institutional investors also recently modified their holdings of the stock. Park Avenue Securities LLC increased its position in shares of Booking by 0.5% in the first quarter. Park Avenue Securities LLC now owns 624 shares of the business services provider’s stock worth $2,264,000 after purchasing an additional 3 shares during the last quarter. Aspiriant LLC increased its position in shares of Booking by 4.8% in the first quarter. Aspiriant LLC now owns 65 shares of the business services provider’s stock worth $236,000 after purchasing an additional 3 shares during the last quarter. Consilio Wealth Advisors LLC increased its position in shares of Booking by 1.7% in the first quarter. Consilio Wealth Advisors LLC now owns 178 shares of the business services provider’s stock worth $647,000 after purchasing an additional 3 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Booking by 14.3% in the first quarter. Capital Advisors Ltd. LLC now owns 24 shares of the business services provider’s stock worth $87,000 after purchasing an additional 3 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its position in shares of Booking by 30.0% in 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 last quarter. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. DA Davidson cut their target price on Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Jefferies Financial Group lowered Booking from a “buy” rating to a “hold” rating and cut their target price for the stock from $4,350.00 to $4,200.00 in a research note on Wednesday, September 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $3,900.00 target price on shares of Booking in a research note on Monday, August 5th. B. Riley cut their target price on Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Barclays upped their target price on Booking from $3,900.00 to $4,500.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Eleven equities 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 company. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $4,092.68.

Check Out Our Latest Report on BKNG

Booking Price Performance

Shares of NASDAQ:BKNG opened at $4,284.73 on Friday. Booking Holdings Inc. has a 1-year low of $2,733.04 and a 1-year high of $4,328.54. The business has a fifty day moving average price of $3,885.93 and a 200-day moving average price of $3,797.46. The company has a market capitalization of $145.37 billion, a PE ratio of 32.13, a PEG ratio of 1.31 and a beta of 1.40.

Booking (NASDAQ:BKNG – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, beating the consensus estimate of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The firm had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period last year, the company earned $37.62 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 176.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were given a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.82%. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the sale, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at $100,556,375.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Booking news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the transaction, the chief executive officer now directly owns 24,721 shares in the company, valued at $100,556,375.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

Booking Company Profile

(Free Report)

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.

Further Reading

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