Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 80.7% during the third quarter, HoldingsChannel.com reports. The firm owned 300 shares of the business services provider’s stock after buying an additional 134 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in Booking were worth $1,264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BKNG. Hexagon Capital Partners LLC grew its holdings in Booking by 30.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 13 shares of the business services provider’s stock worth $47,000 after acquiring an additional 3 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in Booking by 14.3% during the first quarter. Capital Advisors Ltd. LLC now owns 24 shares of the business services provider’s stock valued at $87,000 after buying an additional 3 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in Booking by 1.9% during the 1st quarter. Proficio Capital Partners LLC now owns 157 shares of the business services provider’s stock worth $570,000 after buying an additional 3 shares during the last quarter. Team Hewins LLC grew its position in shares of Booking by 1.7% in the 1st quarter. Team Hewins LLC now owns 182 shares of the business services provider’s stock worth $660,000 after acquiring an additional 3 shares in the last quarter. Finally, Csenge Advisory Group raised its position in shares of Booking by 4.7% during the 1st quarter. Csenge Advisory Group now owns 67 shares of the business services provider’s stock valued at $243,000 after acquiring an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.12% of the company’s stock.

Booking Price Performance

NASDAQ BKNG traded up $2.14 on Monday, reaching $4,349.96. The stock had a trading volume of 9,456 shares, compared to its average volume of 243,706. Booking Holdings Inc. has a 1-year low of $2,756.13 and a 1-year high of $4,395.00. The firm has a fifty day moving average of $4,058.49 and a two-hundred day moving average of $3,851.08. The company has a market cap of $147.59 billion, a P/E ratio of 32.61, a price-to-earnings-growth ratio of 1.33 and a beta of 1.40.

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

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were issued a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.80%. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Wall Street Analyst Weigh In

Several research firms have weighed in on BKNG. Mizuho boosted their target price on shares of Booking from $4,250.00 to $4,800.00 and gave the company an “outperform” rating in a research note on Thursday. Bank of America raised their target price on shares of Booking from $3,950.00 to $4,448.00 and gave the stock a “neutral” rating in a report on Friday. UBS Group upped their target price on Booking from $4,350.00 to $5,050.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Evercore ISI dropped their price target on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, StockNews.com lowered Booking from a “buy” rating to a “hold” rating in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,256.89.

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.