Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by BSW Wealth Partners

BSW Wealth Partners boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 6.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 192 shares of the business services provider’s stock after buying an additional 11 shares during the quarter. BSW Wealth Partners’ holdings in Booking were worth $809,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. CreativeOne Wealth LLC purchased a new stake in shares of Booking during the first quarter worth approximately $537,000. BDF Gestion acquired a new stake in shares of Booking in the second quarter valued at about $6,897,000. Gamco Investors INC. ET AL purchased a new position in shares of Booking in the first quarter worth about $519,000. CWM LLC boosted its position in Booking by 11.8% during the second quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock worth $10,423,000 after acquiring an additional 277 shares during the last quarter. Finally, Claro Advisors LLC grew its stake in Booking by 16,668.9% during the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock valued at $63,569,000 after acquiring an additional 15,002 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

Shares of NASDAQ BKNG traded up $72.86 during mid-day trading on Friday, hitting $4,749.11. The company had a trading volume of 519,752 shares, compared to its average volume of 182,676. Booking Holdings Inc. has a 1-year low of $2,756.39 and a 1-year high of $4,856.60. The company has a market capitalization of $157.20 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.38. The business’s 50-day simple moving average is $4,136.96 and its 200 day simple moving average is $3,883.88.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $39.22 by $2.68. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. The business had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same quarter last year, the business posted $37.62 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts expect that Booking Holdings Inc. will post 177.79 EPS for the current year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.74%. Booking’s dividend payout ratio is currently 23.75%.

Insiders Place Their Bets

In related 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.12% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of research reports. Royal Bank of Canada raised their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets boosted their price objective on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday. B. Riley raised their target price on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday. Piper Sandler lifted their price target on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Tigress Financial upped their price objective on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 9th. Twelve research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $4,680.18.

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.