McAdam LLC Invests $202,000 in Booking Holdings Inc. (NASDAQ:BKNG)

McAdam LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the third quarter, HoldingsChannel reports. The institutional investor bought 48 shares of the business services provider’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in Booking by 4,565.4% in the first quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock valued at $227,143,000 after purchasing an additional 61,268 shares during the last quarter. Mawer Investment Management Ltd. increased its holdings in Booking by 29.2% in the first quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock valued at $702,049,000 after purchasing an additional 43,743 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in Booking by 106.0% in the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after purchasing an additional 36,710 shares during the last quarter. AustralianSuper Pty Ltd increased its holdings in Booking by 2,315.8% in the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock valued at $145,755,000 after purchasing an additional 35,270 shares during the last quarter. Finally, Magnolia Capital Advisors LLC bought a new stake in Booking in the second quarter valued at about $125,615,000. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the subject of a number of recent analyst reports. Barclays upped their price objective on Booking from $3,900.00 to $4,500.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Wedbush upped their price objective on Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a report on Friday. Jefferies Financial Group upped their price objective on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a report on Tuesday. Oppenheimer boosted their target price on Booking from $4,200.00 to $5,000.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Mizuho boosted their target price on Booking from $4,250.00 to $4,800.00 and gave the company an “outperform” rating in a research note on Thursday. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4,256.89.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $4,347.82 on Friday. The stock has a 50 day moving average price of $4,043.91 and a 200 day moving average price of $3,842.18. Booking Holdings Inc. has a 52 week low of $2,733.04 and a 52 week high of $4,395.00. The stock has a market capitalization of $145.74 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 1.33 and a beta of 1.40.

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

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid a $8.75 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $35.00 annualized dividend and a yield of 0.81%. Booking’s dividend payout ratio is 24.50%.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.12% of the company’s stock.

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.