Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 67.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 946 shares of the business services provider’s stock after acquiring an additional 382 shares during the period. Summit Trail Advisors LLC’s holdings in Booking were worth $3,749,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Global Assets Advisory LLC purchased a new stake in shares of Booking in the first quarter worth about $401,371,000. Artisan Partners Limited Partnership boosted its stake in Booking by 2.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 32,089 shares of the business services provider’s stock valued at $113,827,000 after acquiring an additional 729 shares during the last quarter. New Mexico Educational Retirement Board boosted its stake in Booking by 20.5% during the 1st quarter. New Mexico Educational Retirement Board now owns 2,348 shares of the business services provider’s stock valued at $8,518,000 after acquiring an additional 400 shares during the last quarter. Vinva Investment Management Ltd grew its holdings in Booking by 50.2% during the 4th quarter. Vinva Investment Management Ltd now owns 1,663 shares of the business services provider’s stock worth $5,904,000 after acquiring an additional 556 shares in the last quarter. Finally, CWM LLC increased its position in shares of Booking by 14.2% in the 1st quarter. CWM LLC now owns 2,354 shares of the business services provider’s stock worth $8,540,000 after purchasing an additional 292 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insiders Place Their Bets

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Glenn D. Fogel sold 750 shares of the firm’s 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 transaction, the chief executive officer now owns 24,721 shares in the company, valued at approximately $100,556,375.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paulo Pisano sold 100 shares of the company’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 completion of the sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $4,064.01 on Friday. Booking Holdings Inc. has a 52-week low of $2,733.04 and a 52-week high of $4,144.32. The company has a market cap of $136.23 billion, a P/E ratio of 30.48, a P/E/G ratio of 1.21 and a beta of 1.40. The stock’s 50-day moving average is $3,772.09 and its 200-day moving average is $3,725.13.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping the consensus estimate of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The company had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the previous year, the business posted $37.62 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities analysts predict that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.86%. The ex-dividend date is Friday, September 6th. Booking’s payout ratio is currently 26.25%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BKNG. Royal Bank of Canada restated an “outperform” rating and issued a $3,900.00 price target on shares of Booking in a research report on Monday, August 5th. Bank of America lowered their price target on Booking from $3,950.00 to $3,750.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Argus raised 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. JPMorgan Chase & Co. dropped their price target on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Finally, Jefferies Financial Group lowered Booking from a “buy” rating to a “hold” rating and decreased their price target for the company from $4,350.00 to $4,200.00 in a research note on Wednesday, September 4th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus target price 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.