State of Alaska Department of Revenue Purchases 145 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

State of Alaska Department of Revenue lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,941 shares of the business services provider’s stock after buying an additional 145 shares during the period. State of Alaska Department of Revenue’s holdings in Booking were worth $16,599,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Booking during the third quarter worth $5,322,600,000. Bessemer Group Inc. boosted its stake in shares of Booking by 4,565.4% during the 1st quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock worth $227,143,000 after buying an additional 61,268 shares during the last quarter. Mawer Investment Management Ltd. grew its holdings in shares of Booking by 29.2% in the 1st quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock valued at $702,049,000 after acquiring an additional 43,743 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of Booking by 106.0% in the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after acquiring an additional 36,710 shares during the last quarter. Finally, AustralianSuper Pty Ltd raised its holdings in Booking by 2,315.8% during the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock worth $145,755,000 after acquiring an additional 35,270 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BKNG shares. UBS Group boosted their price target on Booking from $4,350.00 to $5,050.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group boosted their target price on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. cut their price target on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Bank of America boosted their price objective on shares of Booking from $3,950.00 to $4,448.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Wedbush raised their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a research note on Friday. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus target price of $4,256.89.

Booking Stock Up 0.2 %

BKNG stock opened at $4,347.82 on Friday. Booking Holdings Inc. has a 52 week low of $2,733.04 and a 52 week high of $4,395.00. The business has a 50-day simple moving average of $4,058.49 and a 200 day simple moving average of $3,849.23. The company has a market cap of $145.74 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 1.33 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued 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. The company had revenue of $5.86 billion during 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 business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $37.62 EPS. On average, analysts anticipate that Booking Holdings Inc. will post 177.17 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Friday, September 6th. Booking’s dividend payout ratio is presently 24.50%.

Insider Activity

In related news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction on 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 $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.12% of the company’s stock.

Booking Company 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.