Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Cape Investment Advisory Inc.

Cape Investment Advisory Inc. raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 1.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 525 shares of the business services provider’s stock after buying an additional 7 shares during the period. Booking comprises about 0.9% of Cape Investment Advisory Inc.’s portfolio, making the stock its 19th largest holding. Cape Investment Advisory Inc.’s holdings in Booking were worth $1,862,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. LPL Financial LLC raised its stake in shares of Booking by 8.8% during the 3rd quarter. LPL Financial LLC now owns 15,301 shares of the business services provider’s stock valued at $47,188,000 after buying an additional 1,236 shares during the last quarter. Lowe Brockenbrough & Co. Inc. raised its stake in shares of Booking by 0.6% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 4,390 shares of the business services provider’s stock valued at $13,539,000 after buying an additional 25 shares during the last quarter. Crestwood Advisors Group LLC grew its position in shares of Booking by 3.0% during the 4th quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider’s stock valued at $57,635,000 after acquiring an additional 470 shares during the period. Boston Trust Walden Corp acquired a new stake in shares of Booking during the 4th quarter valued at about $24,841,000. Finally, Baader Bank Aktiengesellschaft grew its position in shares of Booking by 35.7% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,889 shares of the business services provider’s stock valued at $6,699,000 after acquiring an additional 497 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BKNG shares. Bank of America raised their target price on Booking from $3,900.00 to $3,950.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. UBS Group raised their target price on Booking from $4,000.00 to $4,200.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Evercore ISI raised their target price on Booking from $3,800.00 to $4,500.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Oppenheimer raised their target price on Booking from $3,450.00 to $4,200.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Finally, JMP Securities restated a “market outperform” rating and set a $3,950.00 target price on shares of Booking in a research report on Monday, May 6th. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,876.96.

Read Our Latest Stock Report on BKNG

Booking Price Performance

Shares of BKNG stock traded up $42.67 during trading on Friday, hitting $3,795.35. 151,814 shares of the stock traded hands, compared to its average volume of 262,719. The firm has a market capitalization of $128.78 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 1.13 and a beta of 1.40. The firm’s fifty day moving average price is $3,604.71 and its 200-day moving average price is $3,499.25. Booking Holdings Inc. has a 52-week low of $2,456.93 and a 52-week high of $3,918.00.

Booking (NASDAQ:BKNGGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, beating the consensus estimate of $14.03 by $6.36. The firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $11.60 EPS. As a group, equities research analysts expect that Booking Holdings Inc. will post 178.54 earnings per share for the current year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Friday, June 7th. Booking’s payout ratio is presently 26.25%.

Insider Activity

In other Booking news, Director Radakovich Lynn Vojvodich sold 28 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $3,498.29, for a total value of $97,952.12. Following the sale, the director now owns 233 shares of the company’s stock, valued at $815,101.57. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Booking news, insider Paulo Pisano sold 300 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the sale, the insider now owns 4,233 shares of the company’s stock, valued at $14,752,005. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 28 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $3,498.29, for a total value of $97,952.12. Following the completion of the sale, the director now directly owns 233 shares in the company, valued at approximately $815,101.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,651 shares of company stock valued at $19,485,975. 0.12% of the stock is currently owned by company insiders.

Booking Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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