Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by FCF Advisors LLC

FCF Advisors LLC boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 33.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,464 shares of the business services provider’s stock after acquiring an additional 370 shares during the period. Booking accounts for 1.4% of FCF Advisors LLC’s portfolio, making the stock its 16th largest position. FCF Advisors LLC’s holdings in Booking were worth $6,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. Grove Bank & Trust raised its holdings in shares of Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC acquired a new stake in shares of Booking during the second quarter worth $28,000. Kings Path Partners LLC acquired a new stake in shares of Booking during the second quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Booking during the second quarter worth $32,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Booking during the second quarter worth $31,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Performance

NASDAQ BKNG traded up $71.68 on Tuesday, reaching $4,241.50. The company’s stock had a trading volume of 34,107 shares, compared to its average volume of 250,869. Booking Holdings Inc. has a twelve month low of $2,733.04 and a twelve month high of $4,272.88. The stock has a market cap of $143.91 billion, a PE ratio of 31.56, a PEG ratio of 1.26 and a beta of 1.40. The firm’s 50 day moving average is $3,832.53 and its two-hundred day moving average is $3,780.65.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share 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 the consensus estimate of $5.77 billion. During the same period in the prior year, the company earned $37.62 EPS. Booking’s revenue was up 7.3% on a year-over-year basis. Equities research analysts anticipate that Booking Holdings Inc. will post 176.92 EPS for the current fiscal year.

Booking Announces Dividend

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

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Jefferies Financial Group cut shares of Booking from a “buy” rating to a “hold” rating and dropped their target price for the stock from $4,350.00 to $4,200.00 in a report on Wednesday, September 4th. Evercore ISI dropped their target price on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Wedbush upped their price target on shares of Booking from $3,850.00 to $4,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $3,590.00 price target on shares of Booking in a research report on Monday. 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $4,071.25.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Booking news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

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.