Fort L.P. Has $303,000 Stake in Booking Holdings Inc. (NASDAQ:BKNG)

by · The Cerbat Gem

Fort L.P. decreased its position in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 7.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 72 shares of the business services provider’s stock after selling 6 shares during the quarter. Booking accounts for about 0.8% of Fort L.P.’s investment portfolio, making the stock its 27th biggest holding. Fort L.P.’s holdings in Booking were worth $303,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BKNG. International Assets Investment Management LLC bought a new stake in shares of Booking in the 3rd quarter valued at approximately $5,322,600,000. Bessemer Group Inc. grew its stake in shares of Booking by 4,565.4% in the 1st quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock valued at $227,143,000 after buying an additional 61,268 shares in the last quarter. Mawer Investment Management Ltd. grew its stake in shares of Booking by 29.2% in the 1st quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock valued at $702,049,000 after buying an additional 43,743 shares in the last quarter. 1832 Asset Management L.P. grew its stake in shares of Booking by 106.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after buying an additional 36,710 shares in the last quarter. Finally, AustralianSuper Pty Ltd grew its stake in shares of Booking by 2,315.8% in the 2nd quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock valued at $145,755,000 after buying an additional 35,270 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Up 1.6 %

Booking stock traded up $72.86 during mid-day trading on Friday, hitting $4,749.11. 519,752 shares of the company were exchanged, compared to its average volume of 182,676. The business has a fifty day moving average of $4,136.96 and a 200 day moving average of $3,883.88. Booking Holdings Inc. has a 1-year low of $2,756.39 and a 1-year high of $4,856.60. The company has a market capitalization of $157.20 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.38.

Booking (NASDAQ:BKNG – Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $39.22 by $2.68. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. The firm had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same period in the prior year, the company posted $37.62 earnings per share. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. Research analysts expect that Booking Holdings Inc. will post 177.79 earnings per share for the current year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.74%. Booking’s dividend payout ratio is currently 23.75%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays boosted their price target on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research note on Thursday. Susquehanna upped their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday. Evercore ISI decreased their target price on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Oppenheimer upped their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, BMO Capital Markets upped their target price on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research report on Thursday. Twelve investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4,680.18.

Get Our Latest Stock Analysis on Booking

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the sale, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.12% of the company’s stock.

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.

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