Tealwood Asset Management Inc. Buys 5 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Tealwood Asset Management Inc. raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 362 shares of the business services provider’s stock after buying an additional 5 shares during the period. Tealwood Asset Management Inc.’s holdings in Booking were worth $1,525,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BKNG. Grove Bank & Trust boosted its position in Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 4 shares in the last quarter. POM Investment Strategies LLC bought a new stake in shares of Booking in the 2nd quarter valued at about $28,000. Kings Path Partners LLC purchased a new position in shares of Booking in the 2nd quarter worth approximately $28,000. Financial Connections Group Inc. bought a new position in shares of Booking during the 2nd quarter worth approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Booking during the second quarter valued at approximately $32,000. 92.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Truist Financial began coverage on Booking in a research report on Friday, September 6th. They set a “hold” rating and a $4,100.00 price target on the stock. DA Davidson lowered their target price on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Tigress Financial upped their price target on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 9th. Barclays cut their target price on Booking from $4,300.00 to $3,900.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Eleven investment 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 company. Based on data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average price target of $4,071.25.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 100 shares of the 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 value of $388,761.00. Following the completion of the transaction, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Booking 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 sale, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Paulo Pisano sold 100 shares of the 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 in the company, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

Booking Stock Performance

Shares of NASDAQ:BKNG traded up $56.74 during midday trading on Tuesday, reaching $4,226.56. 31,533 shares of the company’s stock traded hands, compared to its average volume of 250,856. The company has a market cap of $143.40 billion, a P/E ratio of 31.56, a PEG ratio of 1.26 and a beta of 1.40. Booking Holdings Inc. has a 1 year low of $2,733.04 and a 1 year high of $4,272.88. The company has a fifty day simple moving average of $3,832.53 and a two-hundred day simple moving average of $3,780.65.

Booking (NASDAQ:BKNG) last released its earnings results 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 negative return on equity of 200.87% and a net margin of 22.46%. The business had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter last year, the business posted $37.62 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, research analysts forecast that Booking Holdings Inc. will post 176.92 EPS for the current fiscal year.

Booking Dividend Announcement

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

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.