Clarius Group LLC Has $724,000 Holdings in Booking Holdings Inc. $BKNG

Clarius Group LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 46.0% during the third quarter, Holdings Channel reports. The firm owned 134 shares of the business services provider’s stock after selling 114 shares during the period. Clarius Group LLC’s holdings in Booking were worth $724,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BKNG. Brighton Jones LLC lifted its holdings in Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after buying an additional 65 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Booking in the 4th quarter valued at about $209,000. CW Advisors LLC lifted its stake in shares of Booking by 13.3% in the 1st quarter. CW Advisors LLC now owns 221 shares of the business services provider’s stock valued at $1,023,000 after purchasing an additional 26 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Booking by 29.0% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 40,920 shares of the business services provider’s stock valued at $188,515,000 after purchasing an additional 9,209 shares in the last quarter. Finally, South Plains Financial Inc. grew its stake in Booking by 26.5% during the first quarter. South Plains Financial Inc. now owns 86 shares of the business services provider’s stock worth $396,000 after purchasing an additional 18 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Booking news, CEO Glenn D. Fogel sold 571 shares of Booking stock in a transaction on Monday, December 15th. The shares were sold at an average price of $5,414.53, for a total transaction of $3,091,696.63. Following the transaction, the chief executive officer directly owned 21,010 shares of the company’s stock, valued at $113,759,275.30. The trade was a 2.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paulo Pisano sold 200 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the insider owned 1,514 shares of the company’s stock, valued at approximately $7,570,000. This represents a 11.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 3,324 shares of company stock worth $17,193,557. 0.16% of the stock is owned by corporate insiders.

Booking Price Performance

Shares of NASDAQ BKNG opened at $5,406.99 on Tuesday. The company has a 50-day moving average price of $5,080.59 and a 200-day moving average price of $5,372.85. The stock has a market capitalization of $174.27 billion, a P/E ratio of 35.14, a P/E/G ratio of 1.36 and a beta of 1.25. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, beating the consensus estimate of $95.56 by $3.94. The business had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $83.39 EPS. As a group, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be given a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking’s payout ratio is presently 24.96%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BKNG. Deutsche Bank Aktiengesellschaft increased their price target on Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Benchmark increased their target price on shares of Booking from $6,200.00 to $6,400.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Mizuho set a $6,000.00 price target on shares of Booking in a research note on Wednesday, October 29th. Bank of America upgraded shares of Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 price objective on the stock in a report on Monday, November 24th. Finally, Morgan Stanley set a $6,150.00 target price on Booking in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6,149.23.

Booking Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.