Crew Capital Management Ltd. Buys Shares of 69 Booking Holdings Inc. (NASDAQ:BKNG)

Crew Capital Management Ltd. bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 69 shares of the business services provider’s stock, valued at approximately $291,000.

Several other large investors have also recently bought and sold shares of BKNG. Park Avenue Securities LLC increased its stake in Booking by 0.5% during the 1st quarter. Park Avenue Securities LLC now owns 624 shares of the business services provider’s stock valued at $2,264,000 after buying an additional 3 shares during the period. RFG Advisory LLC bought a new position in shares of Booking during the 1st quarter valued at about $528,000. &PARTNERS bought a new position in shares of Booking during the 1st quarter valued at about $290,000. Ballentine Partners LLC boosted its position in shares of Booking by 13.7% during the 1st quarter. Ballentine Partners LLC now owns 299 shares of the business services provider’s stock valued at $1,085,000 after purchasing an additional 36 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in shares of Booking during the 1st quarter valued at about $138,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Down 0.4 %

BKNG traded down $17.43 during trading on Monday, reaching $4,333.39. 31,865 shares of the company’s stock were exchanged, compared to its average volume of 246,165. Booking Holdings Inc. has a fifty-two week low of $2,733.04 and a fifty-two week high of $4,394.95. The business has a 50 day moving average price of $3,980.33 and a 200 day moving average price of $3,823.98. The company has a market capitalization of $147.02 billion, a P/E ratio of 32.63, a PEG ratio of 1.31 and a beta of 1.40.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $5.77 billion. During the same quarter in the previous year, the company earned $37.62 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. As a group, research analysts forecast that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid 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 yield of 0.81%. Booking’s dividend payout ratio is currently 26.25%.

Insiders Place Their Bets

In other 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 value of $388,761.00. Following the sale, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. DA Davidson decreased their target price on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Wedbush raised their target price on shares of Booking from $3,850.00 to $4,200.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Barclays raised their target price on shares of Booking from $3,900.00 to $4,500.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,130.18.

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.