Point72 Asia Singapore Pte. Ltd. Has $5.26 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Point72 Asia Singapore Pte. Ltd. increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 111.5% during the second quarter, Holdings Channel reports. The firm owned 1,328 shares of the business services provider’s stock after buying an additional 700 shares during the quarter. Booking makes up approximately 1.1% of Point72 Asia Singapore Pte. Ltd.’s portfolio, making the stock its 17th largest holding. Point72 Asia Singapore Pte. Ltd.’s holdings in Booking were worth $5,260,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKNG. Precision Wealth Strategies LLC increased its holdings in shares of Booking by 1.7% in the fourth quarter. Precision Wealth Strategies LLC now owns 303 shares of the business services provider’s stock valued at $1,075,000 after purchasing an additional 5 shares during the last quarter. Gryphon Financial Partners LLC grew its stake in Booking by 45.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 151 shares of the business services provider’s stock valued at $536,000 after buying an additional 47 shares during the last quarter. Congress Wealth Management LLC DE raised its holdings in Booking by 12.1% in the 4th quarter. Congress Wealth Management LLC DE now owns 158 shares of the business services provider’s stock valued at $564,000 after acquiring an additional 17 shares during the period. Artisan Partners Limited Partnership lifted its position in Booking by 2.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 32,089 shares of the business services provider’s stock worth $113,827,000 after acquiring an additional 729 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Booking by 581.3% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 327 shares of the business services provider’s stock worth $1,160,000 after acquiring an additional 279 shares during the period. Institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction 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 $100,556,375.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Booking news, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the business’s 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 transaction 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 disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the subject of several research reports. B. Riley dropped their price target 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. Wells Fargo & Company boosted their target price on shares of Booking from $3,497.00 to $3,976.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Evercore ISI lowered their price target on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. StockNews.com cut shares of Booking from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Morgan Stanley increased their target price on shares of Booking from $4,000.00 to $4,200.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4,064.21.

Booking Stock Up 2.0 %

NASDAQ BKNG opened at $4,177.56 on Wednesday. The company has a market cap of $140.03 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 1.25 and a beta of 1.40. Booking Holdings Inc. has a twelve month low of $2,733.04 and a twelve month high of $4,182.79. The business’s fifty day moving average is $3,773.44 and its 200 day moving average is $3,738.53.

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

Booking Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Friday, September 6th. Booking’s payout ratio is 26.25%.

About Booking

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.