Semmax Financial Advisors Inc. Has $5.42 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Semmax Financial Advisors Inc. boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,368 shares of the business services provider’s stock after buying an additional 128 shares during the quarter. Booking comprises 1.6% of Semmax Financial Advisors Inc.’s portfolio, making the stock its 12th biggest holding. Semmax Financial Advisors Inc.’s holdings in Booking were worth $5,419,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKNG. ICA Group Wealth Management LLC acquired a new position in Booking during the 4th quarter worth $25,000. Grove Bank & Trust grew its holdings in Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after buying an additional 4 shares during the last quarter. POM Investment Strategies LLC bought a new position in Booking in the 2nd quarter worth approximately $28,000. Kings Path Partners LLC acquired a new position in shares of Booking during the second quarter worth approximately $28,000. Finally, Financial Connections Group Inc. bought a new position in Booking during the second quarter worth $31,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Jefferies Financial Group lowered shares of Booking from a “buy” rating to a “hold” rating and decreased their price target for the stock from $4,350.00 to $4,200.00 in a research report on Wednesday, September 4th. Wedbush upped their price target on Booking from $3,850.00 to $4,200.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Truist Financial began coverage on Booking in a report on Friday, September 6th. They set a “hold” rating and a $4,100.00 price objective on the stock. Benchmark cut their target price on Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price 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 equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4,064.21.

Booking Trading Up 0.8 %

Booking stock opened at $4,097.08 on Tuesday. The firm has a market capitalization of $139.01 billion, a P/E ratio of 30.73, a PEG ratio of 1.21 and a beta of 1.40. The business has a 50-day moving average of $3,772.27 and a 200-day moving average of $3,733.66. Booking Holdings Inc. has a 1 year low of $2,733.04 and a 1 year high of $4,144.32.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share 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 net margin of 22.46% and a negative return on equity of 200.87%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $37.62 earnings per share. Research analysts anticipate that Booking Holdings Inc. will post 176.92 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a dividend of $8.75 per share. The ex-dividend date is Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.85%. Booking’s payout ratio is 26.25%.

Insiders Place Their Bets

In other 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction that occurred 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 sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction on 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. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

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.