Northstar Group Inc. Has $4.92 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Northstar Group Inc. boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,167 shares of the business services provider’s stock after buying an additional 29 shares during the quarter. Booking makes up about 0.9% of Northstar Group Inc.’s investment portfolio, making the stock its 25th largest position. Northstar Group Inc.’s holdings in Booking were worth $4,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Global Assets Advisory LLC bought a new stake in shares of Booking during the first quarter valued at approximately $401,371,000. BlueSpruce Investments LP acquired a new position in shares of Booking during the fourth quarter valued at $220,080,000. Bessemer Group Inc. boosted its holdings in Booking by 4,565.4% in the first quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock valued at $227,143,000 after acquiring an additional 61,268 shares during the last quarter. Mawer Investment Management Ltd. increased its position in Booking by 29.2% in the first quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock worth $702,049,000 after purchasing an additional 43,743 shares during the period. Finally, 1832 Asset Management L.P. raised its holdings in Booking by 106.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock worth $282,590,000 after purchasing an additional 36,710 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 750 shares of Booking 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 completion of the transaction, the chief executive officer now owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Booking news, CEO Glenn D. Fogel sold 750 shares of Booking 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 completion of the sale, the chief executive officer now owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paulo Pisano sold 100 shares of the company’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 directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BKNG has been the topic of several analyst reports. StockNews.com lowered shares of Booking from a “buy” rating to a “hold” rating in a report on Monday, August 5th. B. Riley decreased their target price on 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. Morgan Stanley upped their target price on shares of Booking from $4,000.00 to $4,200.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. Benchmark lowered their price objective on shares of Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Wells Fargo & Company lifted their target price on Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a report on Tuesday. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average price target of $4,092.68.

Booking Stock Performance

Shares of Booking stock traded down $16.48 during mid-day trading on Thursday, hitting $4,275.52. 21,624 shares of the stock were exchanged, compared to its average volume of 249,851. The company has a market capitalization of $145.06 billion, a P/E ratio of 32.19, a P/E/G ratio of 1.26 and a beta of 1.40. The company has a 50-day simple moving average of $3,854.31 and a 200 day simple moving average of $3,788.48. Booking Holdings Inc. has a 12 month low of $2,733.04 and a 12 month high of $4,304.77.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. The company had revenue of $5.86 billion for 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%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business posted $37.62 EPS. Analysts predict that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were paid a $8.75 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $35.00 annualized dividend and a yield of 0.82%. 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.