Hantz Financial Services Inc. Purchases New Position in Booking Holdings Inc. (NASDAQ:BKNG)

Hantz Financial Services Inc. purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,156 shares of the business services provider’s stock, valued at approximately $8,541,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BKNG. Norges Bank purchased a new stake in Booking in the fourth quarter worth approximately $1,742,160,000. Global Assets Advisory LLC purchased a new stake in Booking in the first quarter worth approximately $401,371,000. International Assets Investment Management LLC purchased a new stake in Booking in the fourth quarter worth approximately $3,774,850,000. BlueSpruce Investments LP purchased a new stake in Booking in the fourth quarter worth approximately $220,080,000. Finally, Bessemer Group Inc. boosted its holdings in Booking by 4,565.4% in the first quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock worth $227,143,000 after purchasing an additional 61,268 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

BKNG has been the topic of several analyst reports. B. Riley dropped their price target on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Morgan Stanley lifted their price target on shares of Booking from $3,700.00 to $4,000.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. JMP Securities reiterated a “market outperform” rating and set a $3,950.00 price target on shares of Booking in a research note on Monday, May 6th. Tigress Financial lifted their price target on shares of Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 9th. Finally, Argus lifted their price target on shares of Booking from $4,200.00 to $4,342.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. 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.com, Booking has an average rating of “Moderate Buy” and a consensus price target of $4,068.32.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following 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 Securities & Exchange Commission, which is available at the SEC website. In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the completion of the sale, the chief executive officer now owns 24,721 shares in the company, valued at approximately $100,556,375.65. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

Booking Stock Up 0.5 %

NASDAQ BKNG opened at $3,909.23 on Friday. The firm has a market cap 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. The company has a 50 day moving average price of $3,791.96 and a 200 day moving average price of $3,697.27. Booking Holdings Inc. has a 52 week low of $2,733.04 and a 52 week high of $4,144.32.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping the consensus estimate of $39.22 by $2.68. The firm had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. Booking’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $37.62 EPS. On average, equities research analysts anticipate that Booking Holdings Inc. will post 177.09 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

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.