Waterloo Capital L.P. Has $895,000 Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Waterloo Capital L.P. raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 37.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 226 shares of the business services provider’s stock after purchasing an additional 62 shares during the period. Waterloo Capital L.P.’s holdings in Booking were worth $895,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Precision Wealth Strategies LLC grew its stake in shares of Booking by 1.7% in the fourth quarter. Precision Wealth Strategies LLC now owns 303 shares of the business services provider’s stock worth $1,075,000 after acquiring an additional 5 shares during the last quarter. Gryphon Financial Partners LLC grew its stake in shares of Booking by 45.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 151 shares of the business services provider’s stock worth $536,000 after acquiring an additional 47 shares during the last quarter. Assetmark Inc. grew its stake in shares of Booking by 169.2% in the fourth quarter. Assetmark Inc. now owns 1,085 shares of the business services provider’s stock worth $3,849,000 after acquiring an additional 682 shares during the last quarter. King Luther Capital Management Corp boosted its stake in Booking by 43.6% during the fourth quarter. King Luther Capital Management Corp now owns 3,391 shares of the business services provider’s stock worth $12,029,000 after buying an additional 1,030 shares in the last quarter. Finally, Sand Hill Global Advisors LLC boosted its stake in Booking by 2.5% during the fourth quarter. Sand Hill Global Advisors LLC now owns 1,570 shares of the business services provider’s stock worth $5,569,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity

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

Booking Price Performance

Shares of BKNG stock opened at $4,028.30 on Thursday. The stock has a market cap of $135.03 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 1.18 and a beta of 1.40. The stock has a 50-day moving average of $3,769.71 and a 200-day moving average of $3,718.87. Booking Holdings Inc. has a one year low of $2,733.04 and a one year high of $4,144.32.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating analysts’ consensus estimates 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 negative return on equity of 200.87% and a net margin of 22.46%. Booking’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $37.62 EPS. As a group, research analysts anticipate that Booking Holdings Inc. will post 176.92 earnings per share for the current year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a $8.75 dividend. The ex-dividend date is Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.87%. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BKNG. Erste Group Bank upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. DA Davidson cut their price objective on Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Tigress Financial boosted their target price on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 9th. Argus boosted their target price on shares of Booking from $4,200.00 to $4,342.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, Oppenheimer reduced their target price on shares of Booking from $4,600.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4,064.21.

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.