Silver Oak Securities Incorporated Grows Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Silver Oak Securities Incorporated increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168 shares of the business services provider’s stock after purchasing an additional 3 shares during the period. Silver Oak Securities Incorporated’s holdings in Booking were worth $714,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BKNG. Brookstone Capital Management raised its stake in Booking by 31.2% during the 1st quarter. Brookstone Capital Management now owns 265 shares of the business services provider’s stock valued at $962,000 after acquiring an additional 63 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Booking during the first quarter worth approximately $221,000. LVW Advisors LLC acquired a new stake in shares of Booking during the first quarter worth $236,000. Diversified Trust Co grew its position in Booking by 41.9% in the 1st quarter. Diversified Trust Co now owns 1,084 shares of the business services provider’s stock valued at $3,933,000 after buying an additional 320 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new position in Booking in the 1st quarter valued at $210,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,347.82 on Friday. The company has a market cap 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. The company has a 50-day simple moving average of $4,058.49 and a 200-day simple moving average of $3,847.37. Booking Holdings Inc. has a 12 month low of $2,733.04 and a 12 month high of $4,395.00.

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

Booking Announces Dividend

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

Wall Street Analyst Weigh In

BKNG has been the subject of several recent analyst reports. Jefferies Financial Group raised their target price on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Oppenheimer lifted their price objective on Booking from $4,200.00 to $5,000.00 and gave the company an “outperform” rating in a report on Friday. JMP Securities increased their target price on Booking from $3,950.00 to $5,000.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 15th. UBS Group lifted their price target on Booking from $4,350.00 to $5,050.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Benchmark cut their price objective on Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $4,256.89.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.12% of the stock is owned by company insiders.

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.