RDA Financial Network Purchases 199 Shares of Booking Holdings Inc. $BKNG

RDA Financial Network raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 537.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 236 shares of the business services provider’s stock after purchasing an additional 199 shares during the period. RDA Financial Network’s holdings in Booking were worth $1,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Atwood & Palmer Inc. acquired a new position in Booking in the second quarter valued at approximately $29,000. Westside Investment Management Inc. grew its holdings in Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after acquiring an additional 4 shares during the period. Wealth Preservation Advisors LLC bought a new stake in shares of Booking during the 1st quarter valued at $28,000. O Brien Wealth Partners LLC acquired a new position in shares of Booking in the 2nd quarter valued at $35,000. Finally, First PREMIER Bank lifted its stake in shares of Booking by 100.0% in the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 3 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BKNG. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Booking in a research note on Monday. BNP Paribas set a $6,100.00 target price on Booking in a research report on Monday, November 24th. Wells Fargo & Company upped their price target on Booking from $5,443.00 to $5,523.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. Finally, Bank of America upgraded shares of Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 price objective for the company in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $6,149.23.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 200 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the insider owned 1,514 shares in the company, valued at approximately $7,570,000. This represents a 11.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Glenn D. Fogel sold 625 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the completion of the sale, the chief executive officer owned 22,982 shares in the company, valued at approximately $118,162,642.46. This trade represents a 2.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,324 shares of company stock valued at $17,193,557 in the last quarter. 0.16% of the stock is currently owned by company insiders.

Booking Price Performance

NASDAQ:BKNG opened at $5,340.98 on Thursday. The business’s 50-day simple moving average is $5,069.87 and its 200-day simple moving average is $5,377.19. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41. The stock has a market capitalization of $172.14 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 1.37 and a beta of 1.25.

Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping the consensus estimate of $95.56 by $3.94. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The firm had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same period last year, the company posted $83.39 EPS. The business’s quarterly revenue was up 12.7% on a year-over-year basis. On average, research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be given a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, December 5th. Booking’s payout ratio is currently 24.96%.

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.