Mount Yale Investment Advisors LLC Has $2.02 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Mount Yale Investment Advisors LLC reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 511 shares of the business services provider’s stock after selling 22 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Booking were worth $2,024,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Hilltop Holdings Inc. grew its holdings in shares of Booking by 0.8% during 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 last quarter. PARUS FINANCE UK Ltd grew its holdings in shares of Booking by 0.3% during the fourth quarter. PARUS FINANCE UK Ltd now owns 863 shares of the business services provider’s stock valued at $3,061,000 after buying an additional 3 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Booking by 0.5% during the first quarter. Park Avenue Securities LLC now owns 624 shares of the business services provider’s stock valued at $2,264,000 after purchasing an additional 3 shares in the last quarter. Aspiriant LLC lifted its position in shares of Booking by 4.8% during the first quarter. Aspiriant LLC now owns 65 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 3 shares in the last quarter. Finally, Consilio Wealth Advisors LLC lifted its position in shares of Booking by 1.7% during the first 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 in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction that occurred 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 owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction on Monday, July 15th. The shares were 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 owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

BKNG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Booking from $4,275.00 to $4,105.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Cantor Fitzgerald initiated coverage on shares of Booking in a research report on Thursday, September 5th. They set a “neutral” rating and a $3,590.00 price target on the stock. DA Davidson dropped 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 report on Friday, August 2nd. Jefferies Financial Group lowered shares of Booking from a “buy” rating to a “hold” rating and dropped their price target for the company from $4,350.00 to $4,200.00 in a research report on Wednesday, September 4th. Finally, Argus raised their price target on shares of Booking from $4,200.00 to $4,342.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $4,064.21.

Booking Trading Up 1.2 %

Shares of NASDAQ:BKNG opened at $4,064.01 on Friday. The company has a 50 day moving average of $3,772.09 and a 200 day moving average of $3,727.19. The stock has a market cap of $137.88 billion, a P/E ratio of 30.48, a P/E/G ratio of 1.21 and a beta of 1.40. Booking Holdings Inc. has a 12 month low of $2,733.04 and a 12 month high of $4,144.32.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. Booking’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $37.62 earnings per share. On average, equities analysts forecast that Booking Holdings Inc. will post 176.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders 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 yield of 0.86%. Booking’s dividend payout ratio is presently 26.25%.

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.