Mission Wealth Management LP Increases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Mission Wealth Management LP increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89 shares of the business services provider’s stock after buying an additional 5 shares during the period. Mission Wealth Management LP’s holdings in Booking were worth $315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp grew its stake in shares of Booking by 1.3% during the third quarter. Northern Trust Corp now owns 383,996 shares of the business services provider’s stock valued at $1,184,224,000 after acquiring an additional 5,040 shares in the last quarter. Nordea Investment Management AB increased its holdings in Booking by 28.8% during the 4th quarter. Nordea Investment Management AB now owns 131,052 shares of the business services provider’s stock worth $466,166,000 after purchasing an additional 29,316 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Booking by 2,479.0% in the 4th quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider’s stock valued at $414,234,000 after purchasing an additional 112,249 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Booking during the fourth quarter worth approximately $3,774,850,000. Finally, California Public Employees Retirement System increased its stake in shares of Booking by 1.5% in the third quarter. California Public Employees Retirement System now owns 75,681 shares of the business services provider’s stock worth $233,396,000 after buying an additional 1,106 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Trading Up 3.0 %

Shares of NASDAQ:BKNG opened at $3,577.38 on Friday. Booking Holdings Inc. has a twelve month low of $2,456.93 and a twelve month high of $3,918.00. The firm has a market cap of $121.70 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.05 and a beta of 1.40. The company has a 50 day moving average of $3,523.00 and a 200-day moving average of $3,395.60.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating the consensus estimate of $14.03 by $6.36. Booking had a negative return on equity of 433.49% and a net margin of 21.81%. The business had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter last year, the business posted $11.60 earnings per share. The company’s quarterly revenue was up 16.9% on a year-over-year basis. Equities research analysts forecast that Booking Holdings Inc. will post 176.1 EPS for the current year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Thursday, March 7th. Booking’s payout ratio is 26.25%.

Wall Street Analyst Weigh In

A number of research analysts have commented on BKNG shares. Susquehanna increased their price objective on shares of Booking from $3,600.00 to $4,100.00 and gave the company a “positive” rating in a research note on Monday, February 26th. StockNews.com downgraded Booking from a “buy” rating to a “hold” rating in a research note on Tuesday. B. Riley started coverage on Booking in a research note on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 price objective on the stock. Wedbush reiterated an “outperform” rating and issued a $3,850.00 target price on shares of Booking in a research report on Tuesday. Finally, JMP Securities upped their price target on Booking from $3,600.00 to $3,950.00 and gave the company a “market outperform” rating in a research report on Monday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and an average target price of $3,823.00.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total transaction of $75,619.50. Following the completion of the sale, the director now owns 189 shares in the company, valued at approximately $649,640.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Booking news, insider Paulo Pisano sold 300 shares of Booking stock in a transaction on Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the completion of the sale, the insider now owns 4,233 shares of the company’s stock, valued at approximately $14,752,005. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total value of $75,619.50. Following the completion of the sale, the director now directly owns 189 shares of the company’s stock, valued at approximately $649,640.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,483 shares of company stock worth $18,891,445. 0.15% of the stock is owned by insiders.

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.