Booking Holdings Inc. (NASDAQ:BKNG) Stock Position Raised by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 130.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 276 shares of the business services provider’s stock after acquiring an additional 156 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Booking were worth $1,163,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. PARUS FINANCE UK Ltd lifted its holdings in shares of 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 last quarter. Park Avenue Securities LLC boosted its holdings 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 acquiring an additional 3 shares during the period. Aspiriant LLC grew 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 worth $236,000 after acquiring an additional 3 shares during the last quarter. Consilio Wealth Advisors LLC increased its holdings 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 worth $647,000 after acquiring an additional 3 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its position in Booking by 14.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 24 shares of the business services provider’s stock valued at $87,000 after purchasing an additional 3 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on BKNG. StockNews.com cut Booking from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Truist Financial began coverage on Booking in a report on Friday, September 6th. They set a “hold” rating and a $4,100.00 price target on the stock. B. Riley reduced their price objective on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Jefferies Financial Group cut shares of Booking from a “buy” rating to a “hold” rating and lowered their target price for the company from $4,350.00 to $4,200.00 in a research note on Wednesday, September 4th. Finally, Wells Fargo & Company upped their price target on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Eleven investment 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $4,092.68.

Booking Stock Performance

BKNG stock opened at $4,233.18 on Wednesday. The firm has a 50 day simple moving average of $3,832.53 and a 200 day simple moving average of $3,780.65. Booking Holdings Inc. has a 52 week low of $2,733.04 and a 52 week high of $4,272.88. The stock has a market cap of $143.62 billion, a P/E ratio of 31.87, a P/E/G ratio of 1.26 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The company had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same quarter last year, the business posted $37.62 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts predict that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Dividend Announcement

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

Insider Transactions 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 transaction, the insider now 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction dated 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 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 legal filing with the SEC, which is accessible through this link. 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 value of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares of the company’s stock, 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. Company insiders own 0.12% of the company’s stock.

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.