81 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Purchased by Ted Buchan & Co

Ted Buchan & Co purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 81 shares of the business services provider’s stock, valued at approximately $321,000.

A number of other large investors also recently bought and sold shares of BKNG. Global Assets Advisory LLC acquired a new position in Booking in the first quarter valued at approximately $401,371,000. BlueSpruce Investments LP acquired a new position in Booking in the fourth quarter valued at approximately $220,080,000. Bessemer Group Inc. lifted 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 period. Morningstar Investment Services LLC raised its stake in shares of Booking by 96.3% during the 4th quarter. Morningstar Investment Services LLC now owns 113,572 shares of the business services provider’s stock worth $403,233,000 after buying an additional 55,716 shares during the period. Finally, Mawer Investment Management Ltd. increased its position in shares of Booking by 29.2% during 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 in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Truist Financial assumed coverage on Booking in a research report on Friday, September 6th. They set a “hold” rating and a $4,100.00 price target for the company. Benchmark dropped their target price on Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Evercore ISI dropped their target price on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a report on Friday, June 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $3,900.00 price target on shares of Booking in a report on Monday, August 5th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $4,064.21.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of the firm’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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the sale, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paulo Pisano sold 100 shares of the firm’s 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 completion of the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $4,212.12 on Tuesday. Booking Holdings Inc. has a fifty-two week low of $2,733.04 and a fifty-two week high of $4,272.88. The firm has a market capitalization of $142.91 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40. The stock’s 50-day simple moving average is $3,795.60 and its 200-day simple moving average is $3,758.88.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The firm 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 EPS. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts forecast that Booking Holdings Inc. will post 176.92 earnings per share for the current fiscal year.

Booking Announces Dividend

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

About Booking

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.