Brighton Jones LLC Has $1 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Brighton Jones LLC lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 253 shares of the business services provider’s stock after purchasing an additional 5 shares during the quarter. Brighton Jones LLC’s holdings in Booking were worth $1,002,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hilltop Holdings Inc. boosted its holdings in shares of Booking by 0.8% in the fourth quarter. Hilltop Holdings Inc. now owns 358 shares of the business services provider’s stock valued at $1,270,000 after buying an additional 3 shares during the period. PARUS FINANCE UK Ltd boosted its stake in Booking by 0.3% in the 4th quarter. PARUS FINANCE UK Ltd now owns 863 shares of the business services provider’s stock worth $3,061,000 after purchasing an additional 3 shares during the period. Park Avenue Securities LLC boosted its stake in Booking by 0.5% in the 1st quarter. Park Avenue Securities LLC now owns 624 shares of the business services provider’s stock worth $2,264,000 after purchasing an additional 3 shares during the period. Aspiriant LLC increased its holdings in Booking by 4.8% during the 1st quarter. Aspiriant LLC now owns 65 shares of the business services provider’s stock worth $236,000 after purchasing an additional 3 shares in the last quarter. Finally, Consilio Wealth Advisors LLC raised its stake in shares of Booking by 1.7% in the 1st quarter. Consilio Wealth Advisors LLC now owns 178 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

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

Booking (NASDAQ:BKNG) last posted 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 for the quarter, compared to the consensus estimate of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $37.62 earnings per share. As a group, equities analysts forecast that Booking Holdings Inc. will post 176.92 earnings per share for the current year.

Booking Announces Dividend

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

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the company’s 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 transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Booking news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction 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 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 SEC, which is available through this hyperlink. Also, insider Paulo Pisano sold 100 shares of Booking 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 transaction, 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. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on BKNG shares. JPMorgan Chase & Co. reduced their price objective on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Oppenheimer decreased their price target on shares of Booking from $4,600.00 to $4,200.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Booking from $4,275.00 to $4,105.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Benchmark reduced their target price on shares of Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, DA Davidson lowered their price target on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently 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.