Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Brasada Capital Management LP

Brasada Capital Management LP lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 929 shares of the business services provider’s stock after selling 11 shares during the quarter. Brasada Capital Management LP’s holdings in Booking were worth $3,657,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BKNG. Norges Bank acquired a new stake in Booking during the 4th quarter valued at approximately $1,742,160,000. Global Assets Advisory LLC acquired a new stake in Booking during the 1st quarter valued at approximately $401,371,000. BlueSpruce Investments LP acquired a new position in shares of Booking in the 4th quarter worth approximately $220,080,000. Bessemer Group Inc. grew its position in shares of Booking by 4,565.4% in the 1st quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock worth $227,143,000 after acquiring an additional 61,268 shares in the last quarter. Finally, Morningstar Investment Services LLC grew its position in shares of Booking by 96.3% in the 4th quarter. Morningstar Investment Services LLC now owns 113,572 shares of the business services provider’s stock worth $403,233,000 after acquiring an additional 55,716 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

Shares of Booking stock opened at $3,834.82 on Wednesday. The business’s fifty day moving average price is $3,770.42 and its two-hundred day moving average price is $3,701.12. The company has a market capitalization of $128.54 billion, a P/E ratio of 28.76, a PEG ratio of 1.14 and a beta of 1.40. 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 earnings results 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 firm had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the previous year, the business earned $37.62 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, research analysts expect that Booking Holdings Inc. will post 177.03 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a $8.75 dividend. 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 is presently 26.25%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BKNG shares. Argus lifted their target price on Booking from $4,200.00 to $4,342.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Benchmark decreased their target price on 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. StockNews.com lowered Booking from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Morgan Stanley lifted their target price on Booking from $4,000.00 to $4,200.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. Finally, Wells Fargo & Company lifted their target price on Booking from $3,497.00 to $3,976.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Eleven 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $4,064.21.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction 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 transaction, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction 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 transaction, the chief executive officer now owns 24,721 shares in the company, valued at $100,556,375.65. The disclosure for this sale can be found here. Company 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.