Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Novare Capital Management LLC

Novare Capital Management LLC boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 476 shares of the business services provider’s stock after acquiring an additional 11 shares during the quarter. Novare Capital Management LLC’s holdings in Booking were worth $2,005,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKNG. Quarry LP boosted its holdings in Booking by 142.9% in the fourth quarter. Quarry LP now owns 17 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 10 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in Booking in the fourth quarter valued at $276,000. Integrated Advisors Network LLC boosted its position in Booking by 5.1% during the 4th quarter. Integrated Advisors Network LLC now owns 269 shares of the business services provider’s stock worth $954,000 after purchasing an additional 13 shares during the period. Centaurus Financial Inc. increased its holdings in Booking by 47.7% in the 4th quarter. Centaurus Financial Inc. now owns 96 shares of the business services provider’s stock valued at $341,000 after purchasing an additional 31 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its position in Booking by 24.4% in the fourth quarter. EP Wealth Advisors LLC now owns 776 shares of the business services provider’s stock valued at $2,753,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BKNG shares. Deutsche Bank Aktiengesellschaft decreased 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. Jefferies Financial Group downgraded shares of Booking from a “buy” rating to a “hold” rating and lowered their price objective for the company from $4,350.00 to $4,200.00 in a research report on Wednesday, September 4th. DA Davidson dropped their price objective on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Tigress Financial upped their target price on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 9th. Finally, Wedbush raised their price target on shares of Booking from $3,850.00 to $4,200.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $4,092.68.

Booking Trading Up 0.2 %

NASDAQ BKNG traded up $9.76 during trading hours on Monday, reaching $4,294.49. The company’s stock had a trading volume of 19,800 shares, compared to its average volume of 248,563. The business has a 50-day simple moving average of $3,885.93 and a 200 day simple moving average of $3,798.34. Booking Holdings Inc. has a 52 week low of $2,733.04 and a 52 week high of $4,328.54. The stock has a market cap of $145.70 billion, a PE ratio of 32.13, a PEG ratio of 1.31 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its 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 net margin of 22.46% and a negative return on equity of 200.87%. The firm had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.77 billion. During the same quarter last year, the company posted $37.62 earnings per share. Booking’s revenue was up 7.3% on a year-over-year basis. As a group, equities analysts predict that Booking Holdings Inc. will post 176.92 EPS for the current 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 dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.81%. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of Booking 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 transaction of $388,761.00. Following the sale, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.