Private Advisor Group LLC Buys 60 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Private Advisor Group LLC boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,435 shares of the business services provider’s stock after purchasing an additional 60 shares during the quarter. Private Advisor Group LLC’s holdings in Booking were worth $10,256,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. BLB&B Advisors LLC acquired a new position in shares of Booking during the third quarter valued at about $211,000. Leo Wealth LLC raised its holdings in Booking by 57.8% in the 3rd quarter. Leo Wealth LLC now owns 423 shares of the business services provider’s stock valued at $1,782,000 after acquiring an additional 155 shares in the last quarter. Eastern Bank lifted its position in shares of Booking by 82.4% in the 3rd quarter. Eastern Bank now owns 124 shares of the business services provider’s stock worth $522,000 after acquiring an additional 56 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of Booking by 1.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 752 shares of the business services provider’s stock worth $3,169,000 after purchasing an additional 8 shares in the last quarter. Finally, Dock Street Asset Management Inc. increased its position in shares of Booking by 1.3% during the third quarter. Dock Street Asset Management Inc. now owns 5,700 shares of the business services provider’s stock valued at $24,009,000 after purchasing an additional 71 shares during the period. 92.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on BKNG. Jefferies Financial Group raised their target price on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research report on Tuesday. DA Davidson lowered their target price on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Evercore ISI dropped their price target on shares of 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. Tigress Financial lifted their price objective on Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $3,900.00 target price on shares of Booking in a report on Monday, August 5th. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $4,183.75.

Booking Stock Performance

Shares of Booking stock opened at $4,338.73 on Friday. The firm has a fifty day moving average of $4,029.83 and a two-hundred day moving average of $3,838.71. The stock has a market capitalization of $145.43 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 1.33 and a beta of 1.40. Booking Holdings Inc. has a 52 week low of $2,733.04 and a 52 week high of $4,395.00.

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

Booking Announces Dividend

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

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Booking Company 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.