Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.0% during the third quarter, Holdings Channel.com reports. The fund owned 6,520 shares of the business services provider’s stock after purchasing an additional 369 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Booking were worth $27,465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC boosted its position in shares of Booking by 30.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 13 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 3 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Booking by 14.3% during the first quarter. Capital Advisors Ltd. LLC now owns 24 shares of the business services provider’s stock worth $87,000 after buying an additional 3 shares in the last quarter. Proficio Capital Partners LLC grew its position in Booking by 1.9% in the first quarter. Proficio Capital Partners LLC now owns 157 shares of the business services provider’s stock worth $570,000 after buying an additional 3 shares during the last quarter. Team Hewins LLC increased its holdings in shares of Booking by 1.7% in the first quarter. Team Hewins LLC now owns 182 shares of the business services provider’s stock valued at $660,000 after buying an additional 3 shares in the last quarter. Finally, Csenge Advisory Group lifted its position in shares of Booking by 4.7% during the 1st quarter. Csenge Advisory Group now owns 67 shares of the business services provider’s stock valued at $243,000 after acquiring an additional 3 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wedbush boosted their target price on Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research report on Friday. Bank of America boosted their price objective on Booking from $3,950.00 to $4,448.00 and gave the stock a “neutral” rating in a report on Friday. JMP Securities raised their target price on shares of Booking from $3,950.00 to $5,000.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. B. Riley dropped their target price on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Barclays upped their price target on shares of Booking from $3,900.00 to $4,500.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Eleven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4,256.89.

Booking Trading Up 0.2 %

BKNG stock opened at $4,347.82 on Monday. The firm has a market cap of $147.51 billion, a PE ratio of 32.61, a PEG ratio of 1.33 and a beta of 1.40. Booking Holdings Inc. has a 1 year low of $2,733.04 and a 1 year high of $4,395.00. The company has a fifty day simple moving average of $4,058.49 and a 200 day simple moving average of $3,851.08.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. The company had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $37.62 earnings per share. As a group, analysts forecast that Booking Holdings Inc. will post 177.17 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Friday, September 6th. Booking’s dividend payout ratio is 26.25%.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were 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 in the company, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.12% of the stock is owned by corporate insiders.

About Booking

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.