118 Shares in Booking Holdings Inc. $BKNG Bought by Stance Capital LLC

Stance Capital LLC purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 118 shares of the business services provider’s stock, valued at approximately $683,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in Booking in the 2nd quarter worth approximately $2,210,917,000. Laurel Wealth Advisors LLC boosted its position in shares of Booking by 578,824.0% in the second quarter. Laurel Wealth Advisors LLC now owns 289,462 shares of the business services provider’s stock worth $1,675,765,000 after purchasing an additional 289,412 shares during the period. Vestor Capital LLC increased its stake in shares of Booking by 658,925.0% in the second quarter. Vestor Capital LLC now owns 105,444 shares of the business services provider’s stock worth $610,441,000 after purchasing an additional 105,428 shares in the last quarter. Symphony Financial Ltd. Co. bought a new stake in shares of Booking during the 2nd quarter valued at $536,675,000. Finally, AQR Capital Management LLC lifted its stake in shares of Booking by 79.4% during the 1st quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock valued at $695,259,000 after buying an additional 68,243 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of BKNG opened at $5,301.64 on Monday. The stock has a market capitalization of $170.87 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 1.34 and a beta of 1.25. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41. The business’s 50 day simple moving average is $5,061.02 and its 200-day simple moving average is $5,378.21.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, topping the consensus estimate of $95.56 by $3.94. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The company had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $8.71 billion. During the same quarter in the previous year, the business posted $83.39 earnings per share. Booking’s quarterly revenue was up 12.7% on a year-over-year basis. On average, sell-side analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be issued a $9.60 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking’s dividend payout ratio (DPR) is presently 24.96%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BKNG. Seaport Global Securities boosted their price objective on Booking from $6,030.00 to $6,260.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Mizuho set a $6,000.00 price target on Booking in a report on Wednesday, October 29th. KeyCorp upped their price target on Booking from $6,450.00 to $6,630.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. B. Riley lifted their price objective on shares of Booking from $6,700.00 to $6,800.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $5,433.00 target price on shares of Booking in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6,149.23.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 625 shares of Booking stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the completion of the transaction, the chief executive officer owned 22,982 shares in the company, valued at approximately $118,162,642.46. This trade represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $5,030.00, for a total value of $75,450.00. Following the sale, the director owned 717 shares in the company, valued at approximately $3,606,510. This trade represents a 2.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 2,296 shares of company stock worth $11,605,927. Insiders own 0.16% of the company’s stock.

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.