Capital Advisors Ltd. LLC Grows Position in Booking Holdings Inc. (NASDAQ:BKNG)

Capital Advisors Ltd. LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 14.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 24 shares of the business services provider’s stock after purchasing an additional 3 shares during the period. Capital Advisors Ltd. LLC’s holdings in Booking were worth $87,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Insigneo Advisory Services LLC lifted its holdings in Booking by 12.0% during the third quarter. Insigneo Advisory Services LLC now owns 121 shares of the business services provider’s stock worth $373,000 after buying an additional 13 shares during the period. Becker Capital Management Inc. grew its stake in Booking by 5.9% in the third quarter. Becker Capital Management Inc. now owns 108 shares of the business services provider’s stock valued at $333,000 after purchasing an additional 6 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Booking by 2.7% in the third quarter. Advisors Asset Management Inc. now owns 459 shares of the business services provider’s stock valued at $1,416,000 after purchasing an additional 12 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of Booking by 383.8% during the third quarter. Alps Advisors Inc. now owns 1,132 shares of the business services provider’s stock valued at $3,491,000 after buying an additional 898 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its position in shares of Booking by 1.2% during the third quarter. Evergreen Capital Management LLC now owns 671 shares of the business services provider’s stock valued at $2,069,000 after buying an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $4,205.00 price objective (up previously from $4,150.00) on shares of Booking in a research note on Friday, May 3rd. DA Davidson raised their price objective on Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. HSBC boosted their target price on Booking from $4,220.00 to $4,230.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. Finally, Evercore ISI boosted their price target on Booking from $3,800.00 to $4,500.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Eight research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,902.54.

Booking Stock Up 0.8 %

Shares of Booking stock opened at $3,916.21 on Wednesday. The firm has a market cap of $132.88 billion, a PE ratio of 29.37, a P/E/G ratio of 1.18 and a beta of 1.38. The business has a 50-day moving average price of $3,768.17 and a 200 day moving average price of $3,629.72. Booking Holdings Inc. has a twelve month low of $2,624.50 and a twelve month high of $4,040.00.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, topping the consensus estimate of $14.03 by $6.36. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.25 billion. During the same period in the prior year, the company posted $11.60 EPS. The business’s quarterly revenue was up 16.9% on a year-over-year basis. On average, sell-side analysts expect that Booking Holdings Inc. will post 178.54 EPS for the current year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Friday, June 7th. Booking’s payout ratio is 26.25%.

Insider Activity

In related news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the transaction, the chief executive officer now owns 26,971 shares in the company, valued at approximately $95,318,211.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Paulo Pisano sold 227 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $3,580.75, for a total value of $812,830.25. Following the completion of the sale, the insider now directly owns 4,233 shares in the company, valued at $15,157,314.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the transaction, the chief executive officer now directly owns 26,971 shares in the company, valued at $95,318,211.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,021 shares of company stock worth $3,617,852 over the last 90 days. 0.12% of the stock is currently owned by company insiders.

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.