Raymond James Trust N.A. Buys 18 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Raymond James Trust N.A. raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 659 shares of the business services provider’s stock after acquiring an additional 18 shares during the period. Raymond James Trust N.A.’s holdings in Booking were worth $2,611,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BKNG. Overbrook Management Corp boosted its position in Booking by 3.6% during the second quarter. Overbrook Management Corp now owns 2,754 shares of the business services provider’s stock worth $10,910,000 after purchasing an additional 96 shares during the period. POM Investment Strategies LLC bought a new stake in Booking during the 2nd quarter valued at $28,000. Optas LLC boosted its holdings in shares of Booking by 2.9% in the second quarter. Optas LLC now owns 107 shares of the business services provider’s stock worth $424,000 after acquiring an additional 3 shares during the period. SNS Financial Group LLC bought a new stake in shares of Booking during the 2nd quarter valued at $222,000. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Booking by 3.5% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 147 shares of the business services provider’s stock valued at $582,000 after acquiring an additional 5 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Trading Up 0.6 %

NASDAQ BKNG traded up $22.50 during trading on Monday, hitting $3,853.08. The company had a trading volume of 13,843 shares, compared to its average volume of 256,883. The company’s fifty day moving average is $3,801.62 and its 200-day moving average is $3,693.08. The company has a market cap of $130.73 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 1.10 and a beta of 1.38. Booking Holdings Inc. has a one year low of $2,733.04 and a one year high of $4,144.32.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, beating the consensus estimate of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The business had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.77 billion. During the same period in the previous year, the firm posted $37.62 EPS. The business’s revenue was up 7.3% on a year-over-year basis. As a group, equities analysts anticipate that Booking Holdings Inc. will post 177.09 EPS for the current year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, September 6th. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Insider Transactions 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 value of $3,050,737.50. Following the sale, the chief executive officer now owns 24,721 shares in the company, valued at $100,556,375.65. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $3,900.00 target price on shares of Booking in a research note on Monday, August 5th. Evercore ISI lowered 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 research note on Friday, August 2nd. HSBC increased their price target on shares of Booking from $4,220.00 to $4,230.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Oppenheimer dropped their price objective on shares of Booking from $4,600.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, Argus increased their target price on Booking from $4,200.00 to $4,342.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Eight analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $4,068.32.

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.