Summit Trail Advisors LLC Has $3.75 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Summit Trail Advisors LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 67.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 946 shares of the business services provider’s stock after purchasing an additional 382 shares during the period. Summit Trail Advisors LLC’s holdings in Booking were worth $3,749,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BKNG. Vanguard Group Inc. raised its position in shares of Booking by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock valued at $10,718,390,000 after acquiring an additional 12,456 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Booking by 4.5% in the 1st quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock valued at $1,865,949,000 after acquiring an additional 21,969 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Booking by 4.2% during the fourth quarter. Fisher Asset Management LLC now owns 376,656 shares of the business services provider’s stock worth $1,336,085,000 after purchasing an additional 15,303 shares during the period. Ninety One UK Ltd lifted its holdings in shares of Booking by 3.1% during the 2nd quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock valued at $1,421,069,000 after purchasing an additional 10,889 shares in the last quarter. Finally, Sanders Capital LLC grew its position in shares of Booking by 3.5% in the 4th quarter. Sanders Capital LLC now owns 275,172 shares of the business services provider’s stock valued at $976,096,000 after purchasing an additional 9,419 shares during the period. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on BKNG. Wells Fargo & Company raised their target price on shares of Booking from $3,497.00 to $3,976.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Booking from $4,275.00 to $4,105.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. B. Riley lowered their target price on Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. dropped their price target on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, Jefferies Financial Group cut Booking from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $4,350.00 to $4,200.00 in a research report on Wednesday, September 4th. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $4,064.21.

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Booking news, CEO Glenn D. Fogel sold 750 shares of the firm’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 value of $3,050,737.50. Following the sale, the chief executive officer now owns 24,721 shares in the company, valued at $100,556,375.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction 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 transaction, the insider now owns 3,787 shares of the company’s stock, valued at $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 Trading Up 1.2 %

Shares of BKNG stock opened at $4,064.01 on Friday. The stock has a 50 day simple moving average of $3,772.09 and a 200 day simple moving average of $3,725.13. Booking Holdings Inc. has a 1 year low of $2,733.04 and a 1 year high of $4,144.32. The stock has a market cap of $136.23 billion, a P/E ratio of 30.48, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $39.22 by $2.68. The company had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. Booking’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $37.62 EPS. Analysts forecast that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, September 6th. Booking’s dividend payout ratio (DPR) is presently 26.25%.

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.