Capital Advisors Ltd. LLC Grows Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Capital Advisors Ltd. LLC grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 14.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24 shares of the business services provider’s stock after purchasing an additional 3 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Booking were worth $87,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Lowe Brockenbrough & Co. Inc. grew its holdings in Booking by 0.6% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 4,390 shares of the business services provider’s stock valued at $13,539,000 after buying an additional 25 shares during the period. Global Assets Advisory LLC purchased a new position in shares of Booking in the 1st quarter valued at $401,371,000. Crestwood Advisors Group LLC lifted its holdings in shares of Booking by 3.0% during the 4th quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider’s stock valued at $57,635,000 after acquiring an additional 470 shares in the last quarter. Boston Trust Walden Corp purchased a new stake in shares of Booking in the fourth quarter worth about $24,841,000. Finally, Baader Bank Aktiengesellschaft grew its holdings in Booking by 35.7% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,889 shares of the business services provider’s stock worth $6,699,000 after acquiring an additional 497 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on BKNG shares. BMO Capital Markets reiterated an “outperform” rating and issued a $4,205.00 target price (up previously from $4,150.00) on shares of Booking in a research report on Friday, May 3rd. Bank of America raised their price target on shares of Booking from $3,900.00 to $3,950.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Argus lifted their price objective on shares of Booking from $4,200.00 to $4,342.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Evercore ISI upped their price target on shares of Booking from $3,800.00 to $4,500.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Finally, B. Riley started coverage on shares of Booking in a research note on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $3,902.54.

Booking Stock Up 0.8 %

Shares of NASDAQ:BKNG opened at $3,916.21 on Wednesday. The company’s fifty day moving average is $3,768.17 and its two-hundred day moving average is $3,629.72. The company has a market cap of $132.88 billion, a P/E ratio of 29.37, a price-to-earnings-growth ratio of 1.18 and a beta of 1.38. Booking Holdings Inc. has a 12-month low of $2,624.50 and a 12-month high of $4,040.00.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating the consensus estimate of $14.03 by $6.36. The firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. Booking’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm earned $11.60 earnings per share. Equities research analysts anticipate that Booking Holdings Inc. will post 178.54 earnings per share for the current year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a $8.75 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $35.00 annualized dividend and a yield of 0.89%. Booking’s dividend payout ratio is presently 26.25%.

Insider Buying and Selling at Booking

In related news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the sale, the chief executive officer now directly owns 26,971 shares in the company, valued at $95,318,211.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the sale, the chief executive officer now directly owns 26,971 shares in the company, valued at approximately $95,318,211.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total value of $75,619.50. Following the completion of the sale, the director now directly owns 189 shares of the company’s stock, valued at approximately $649,640.25. The disclosure for this sale can be found here. Insiders sold 1,021 shares of company stock valued at $3,617,852 in the last quarter. Company insiders own 0.12% of the company’s stock.

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.