HHM Wealth Advisors LLC Acquires 9 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

HHM Wealth Advisors LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 22.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49 shares of the business services provider’s stock after purchasing an additional 9 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Booking were worth $194,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. ICA Group Wealth Management LLC bought a new position in shares of Booking in the 4th quarter valued at about $25,000. Grove Bank & Trust boosted its position in Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares during the last quarter. POM Investment Strategies LLC bought a new position in Booking in the second quarter valued at approximately $28,000. Kings Path Partners LLC acquired a new position in shares of Booking during the 2nd quarter worth approximately $28,000. Finally, Financial Connections Group Inc. bought a new stake in shares of Booking during the 2nd quarter worth approximately $31,000. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on BKNG. B. Riley decreased their target price on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Barclays lowered their price objective on shares of Booking from $4,300.00 to $3,900.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Cantor Fitzgerald started coverage on shares of Booking in a research note on Thursday, September 5th. They issued a “neutral” rating and a $3,590.00 target price for the company. Royal Bank of Canada reissued an “outperform” rating and set a $3,900.00 price target on shares of Booking in a research report on Monday, August 5th. Finally, Evercore ISI cut their price objective on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $4,064.21.

Insider Buying and Selling at Booking

In related news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the completion of the sale, the chief executive officer now directly owns 24,721 shares in the company, valued at approximately $100,556,375.65. The sale was disclosed in a filing with the SEC, which is available through this link. In other Booking news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the sale, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the transaction, the chief executive officer now owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $3,827.47 on Thursday. The stock has a market capitalization of $129.86 billion, a P/E ratio of 28.70, a PEG ratio of 1.14 and a beta of 1.40. The stock’s fifty day moving average is $3,768.64 and its 200 day moving average is $3,702.01. Booking Holdings Inc. has a 52 week low of $2,733.04 and a 52 week high of $4,144.32.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating the consensus estimate of $39.22 by $2.68. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The firm had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same period last year, the firm earned $37.62 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts forecast that Booking Holdings Inc. will post 177.03 earnings per share for the current year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.91%. The ex-dividend date is Friday, September 6th. Booking’s payout ratio is presently 26.25%.

About Booking

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.