Global Assets Advisory LLC Invests $734,000 in Booking Holdings Inc. $BKNG

Global Assets Advisory LLC acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 136 shares of the business services provider’s stock, valued at approximately $734,000.

Several other hedge funds have also bought and sold shares of the stock. Halbert Hargrove Global Advisors LLC raised its position in shares of Booking by 150.0% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock valued at $27,000 after buying an additional 3 shares in the last quarter. Westside Investment Management Inc. increased its stake in Booking by 400.0% in the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 4 shares during the last quarter. Davis Capital Management bought a new position in Booking in the third quarter valued at $32,000. Barnes Dennig Private Wealth Management LLC raised its position in Booking by 100.0% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 3 shares in the last quarter. Finally, Howard Hughes Medical Institute bought a new stake in Booking during the second quarter worth about $41,000. 92.42% of the stock is currently owned by institutional investors.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 953 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $5,181.34, for a total transaction of $4,937,817.02. Following the completion of the transaction, the chief executive officer owned 19,615 shares of the company’s stock, valued at $101,631,984.10. This represents a 4.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $5,191.15, for a total value of $77,867.25. Following the completion of the sale, the director owned 687 shares of the company’s stock, valued at approximately $3,566,320.05. This trade represents a 2.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,324 shares of company stock valued at $17,190,323. 0.16% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Seaport Research Partners upped their price objective on Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Rothschild & Co Redburn upped their target price on Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Mizuho set a $6,000.00 price target on shares of Booking in a research note on Wednesday, October 29th. Benchmark boosted their price objective on shares of Booking from $6,200.00 to $6,400.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, KeyCorp increased their target price on shares of Booking from $6,450.00 to $6,630.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $6,209.94.

Booking Stock Performance

NASDAQ:BKNG opened at $5,098.50 on Friday. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41. The firm has a market cap of $164.32 billion, a PE ratio of 33.14, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. The business has a 50 day moving average price of $5,191.00 and a 200-day moving average price of $5,337.30.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The company had revenue of $9.01 billion during the quarter, compared to analyst estimates 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 was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $83.39 EPS. Research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th were paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, December 5th. Booking’s dividend payout ratio is 24.96%.

Booking Company 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.