Legacy Wealth Asset Management LLC Decreases Stake in Booking Holdings Inc. $BKNG

Legacy Wealth Asset Management LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 24.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 333 shares of the business services provider’s stock after selling 109 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Booking were worth $1,798,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Y Intercept Hong Kong Ltd increased its holdings in Booking by 15.6% during the second quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock worth $2,958,000 after buying an additional 69 shares during the last quarter. Vontobel Holding Ltd. increased its stake in shares of Booking by 18.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock worth $437,284,000 after purchasing an additional 11,829 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in shares of Booking by 67.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 30,210 shares of the business services provider’s stock worth $174,893,000 after purchasing an additional 12,148 shares during the period. Covey Capital Advisors LLC grew its holdings in Booking by 1.0% during the second quarter. Covey Capital Advisors LLC now owns 1,117 shares of the business services provider’s stock valued at $6,467,000 after purchasing an additional 11 shares during the period. Finally, Atria Investments Inc grew its holdings in Booking by 12.7% during the second quarter. Atria Investments Inc now owns 2,291 shares of the business services provider’s stock valued at $13,262,000 after purchasing an additional 259 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BKNG has been the topic of a number of recent research reports. Truist Financial set a $5,810.00 price target on Booking in a research report on Wednesday, October 29th. DA Davidson upped their price objective on shares of Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Rothschild & Co Redburn lifted their target price on shares of Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. KeyCorp upped their price target on shares of Booking from $6,450.00 to $6,630.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company raised their price objective on shares of Booking from $5,443.00 to $5,523.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average price target of $6,149.23.

Booking Trading Up 0.9%

Shares of NASDAQ:BKNG opened at $5,394.36 on Monday. The company has a 50 day moving average of $5,077.53 and a 200 day moving average of $5,374.00. The stock has a market cap of $173.86 billion, a P/E ratio of 35.06, a P/E/G ratio of 1.36 and a beta of 1.25. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating the consensus estimate of $95.56 by $3.94. The firm had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm earned $83.39 EPS. On average, equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Glenn D. Fogel sold 571 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $5,414.53, for a total value of $3,091,696.63. Following the sale, the chief executive officer directly owned 21,010 shares of the company’s stock, valued at $113,759,275.30. This trade represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paulo Pisano sold 200 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the insider directly owned 1,514 shares of the company’s stock, valued at approximately $7,570,000. This represents a 11.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,324 shares of company stock worth $17,193,557. 0.16% of the stock is currently owned by insiders.

Booking Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.