Booking Holdings Inc. (NASDAQ:BKNG) Stake Boosted by Algert Global LLC

Algert Global LLC grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 34.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117 shares of the business services provider’s stock after acquiring an additional 30 shares during the period. Algert Global LLC’s holdings in Booking were worth $463,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BKNG. Global Assets Advisory LLC purchased a new position in shares of Booking during the 1st quarter valued at $401,371,000. BlueSpruce Investments LP acquired a new stake in shares of Booking in the 4th quarter valued at $220,080,000. Bessemer Group Inc. lifted its stake in shares of Booking by 4,565.4% in the 1st quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock valued at $227,143,000 after purchasing an additional 61,268 shares during the last quarter. Mawer Investment Management Ltd. lifted its stake in shares of Booking by 29.2% in the 1st quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock valued at $702,049,000 after purchasing an additional 43,743 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in shares of Booking by 106.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after purchasing an additional 36,710 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Trading Down 0.4 %

Shares of BKNG stock opened at $4,169.82 on Tuesday. Booking Holdings Inc. has a 1 year low of $2,733.04 and a 1 year high of $4,272.88. The firm’s 50 day moving average is $3,824.24 and its 200-day moving average is $3,776.97. The firm has a market capitalization of $139.77 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 1.26 and a beta of 1.40.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, beating the consensus estimate of $39.22 by $2.68. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The business had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same period in the prior year, the business posted $37.62 earnings per share. Booking’s revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts forecast that Booking Holdings Inc. will post 176.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were issued a $8.75 dividend. The ex-dividend date was Friday, September 6th. This represents a $35.00 annualized dividend and a yield of 0.84%. Booking’s dividend payout ratio is currently 26.25%.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 750 shares of the 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 value of $3,050,737.50. Following the transaction, the chief executive officer now directly owns 24,721 shares in the company, valued at $100,556,375.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Booking news, CEO Glenn D. Fogel sold 750 shares of the 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 sale, the chief executive officer now directly owns 24,721 shares in the company, valued at approximately $100,556,375.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 owns 3,787 shares in the company, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on BKNG. Jefferies Financial Group lowered shares of Booking from a “buy” rating to a “hold” rating and reduced their price objective for the company from $4,350.00 to $4,200.00 in a research note on Wednesday, September 4th. Evercore ISI cut their target price on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Oppenheimer cut their target price on shares of Booking from $4,600.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Finally, B. Riley cut their target price on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus price target of $4,064.21.

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.