Next Capital Management LLC Invests $202,000 in Booking Holdings Inc. (NASDAQ:BKNG)

Next Capital Management LLC acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 51 shares of the business services provider’s stock, valued at approximately $202,000.

Other institutional investors have also modified their holdings of the company. Global Assets Advisory LLC acquired a new position in shares of Booking in the first quarter worth about $401,371,000. BlueSpruce Investments LP acquired a new position in shares of Booking in the 4th quarter valued at approximately $220,080,000. Bessemer Group Inc. boosted its stake in shares of Booking by 4,565.4% during the 1st quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock valued at $227,143,000 after buying an additional 61,268 shares during the last quarter. Morningstar Investment Services LLC boosted its stake in shares of Booking by 96.3% during the 4th quarter. Morningstar Investment Services LLC now owns 113,572 shares of the business services provider’s stock valued at $403,233,000 after buying an additional 55,716 shares during the last quarter. Finally, Mawer Investment Management Ltd. grew its position in shares of Booking by 29.2% during the first quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock worth $702,049,000 after buying an additional 43,743 shares in 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 on Tuesday, August 27th. The stock was 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 in the company, valued at $14,722,379.07. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 shares were 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 of the company’s stock, valued at $100,556,375.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paulo Pisano sold 100 shares of the business’s 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 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 $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 brokerages have weighed in on BKNG. Wells Fargo & Company raised their price objective on shares of Booking from $3,497.00 to $3,976.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a research note on Monday. Bank of America decreased their target price on Booking from $3,950.00 to $3,750.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Erste Group Bank raised Booking from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Finally, Wedbush lifted their price objective on shares of Booking from $3,850.00 to $4,200.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $4,064.21.

Booking Price Performance

Booking stock opened at $4,212.12 on Tuesday. The firm’s 50 day simple moving average is $3,795.60 and its 200-day simple moving average is $3,758.88. Booking Holdings Inc. has a fifty-two week low of $2,733.04 and a fifty-two week high of $4,272.88. The company has a market cap of $142.91 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its 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. The business 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% compared to the same quarter last year. During the same quarter last year, the firm posted $37.62 earnings per share. On average, analysts expect that Booking Holdings Inc. will post 176.92 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid a $8.75 dividend. The ex-dividend date was Friday, September 6th. This represents a $35.00 annualized dividend and a yield of 0.83%. Booking’s dividend payout ratio is presently 26.25%.

Booking 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.