64 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Bought by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 64 shares of the business services provider’s stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Navalign LLC grew its stake in shares of Booking by 3.0% in the second quarter. Navalign LLC now owns 347 shares of the business services provider’s stock worth $1,375,000 after acquiring an additional 10 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Booking in the second quarter worth $8,541,000. Kings Path Partners LLC purchased a new stake in shares of Booking during the second quarter valued at $28,000. Moloney Securities Asset Management LLC boosted its position in shares of Booking by 93.5% during the second quarter. Moloney Securities Asset Management LLC now owns 207 shares of the business services provider’s stock valued at $820,000 after buying an additional 100 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in shares of Booking by 35.8% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 8,548 shares of the business services provider’s stock valued at $33,863,000 after buying an additional 2,255 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. HSBC increased their price objective on Booking from $4,220.00 to $4,230.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. DA Davidson dropped their price objective on Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Morgan Stanley increased their price objective on Booking from $3,700.00 to $4,000.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. StockNews.com cut Booking from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, Benchmark lowered their target price on Booking from $4,700.00 to $4,600.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $4,068.32.

Booking Trading Up 0.5 %

Shares of BKNG opened at $3,909.23 on Friday. The business’s 50 day moving average is $3,791.96 and its 200 day moving average is $3,697.27. The company has a market capitalization of $131.04 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 1.19 and a beta of 1.38. Booking Holdings Inc. has a 12-month low of $2,733.04 and a 12-month high of $4,144.32.

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, beating the consensus estimate of $39.22 by $2.68. The company had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $37.62 EPS. Equities research analysts predict that Booking Holdings Inc. will post 177.09 earnings per share for the current year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, September 6th. Booking’s dividend payout ratio is presently 26.25%.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the firm’s 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 completion of the transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction that occurred 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 approximately $100,556,375.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

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.