Unique Wealth LLC Grows Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Unique Wealth LLC lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 17.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 557 shares of the business services provider’s stock after purchasing an additional 81 shares during the period. Unique Wealth LLC’s holdings in Booking were worth $2,346,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. PARUS FINANCE UK Ltd raised its position in shares of Booking by 0.3% in the fourth quarter. PARUS FINANCE UK Ltd now owns 863 shares of the business services provider’s stock valued at $3,061,000 after purchasing an additional 3 shares during the period. Park Avenue Securities LLC lifted its position in shares of Booking by 0.5% during the first quarter. Park Avenue Securities LLC now owns 624 shares of the business services provider’s stock worth $2,264,000 after acquiring an additional 3 shares in the last quarter. Aspiriant LLC lifted its position in shares of Booking by 4.8% during the first quarter. Aspiriant LLC now owns 65 shares of the business services provider’s stock worth $236,000 after acquiring an additional 3 shares in the last quarter. Consilio Wealth Advisors LLC raised its stake in shares of Booking by 1.7% during the 1st quarter. Consilio Wealth Advisors LLC now owns 178 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 3 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its stake in Booking by 14.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 24 shares of the business services provider’s stock worth $87,000 after purchasing an additional 3 shares during the period. Institutional investors own 92.42% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Glenn D. Fogel sold 750 shares of the firm’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 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Booking news, 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 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 $100,556,375.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on BKNG. DA Davidson cut their price objective on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. B. Riley decreased 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 report on Friday, August 2nd. JPMorgan Chase & Co. dropped their price objective on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Jefferies Financial Group cut Booking from a “buy” rating to a “hold” rating and reduced their target price for the stock from $4,350.00 to $4,200.00 in a research report on Wednesday, September 4th. Finally, Morgan Stanley raised their price target on Booking from $4,000.00 to $4,200.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $4,064.21.

Booking Stock Down 0.5 %

Shares of Booking stock opened at $4,104.12 on Friday. The company has a market cap of $137.57 billion, a PE ratio of 30.78, a P/E/G ratio of 1.30 and a beta of 1.40. The business has a 50 day moving average of $3,814.50 and a 200 day moving average of $3,768.60. Booking Holdings Inc. has a 52 week low of $2,733.04 and a 52 week high of $4,272.88.

Booking (NASDAQ:BKNG) last issued 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 business 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%. During the same period in the prior year, the business earned $37.62 EPS. The company’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 year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were given a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $35.00 annualized dividend and a yield of 0.85%. 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.