Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC decreased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 13.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 930 shares of the business services provider’s stock after selling 143 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Booking were worth $3,685,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Global Assets Advisory LLC acquired a new position in Booking during the 1st quarter valued at about $401,371,000. Artisan Partners Limited Partnership grew its stake in shares of Booking by 2.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 32,089 shares of the business services provider’s stock worth $113,827,000 after purchasing an additional 729 shares during the last quarter. Commerce Bank grew its stake in shares of Booking by 1.5% in the 4th quarter. Commerce Bank now owns 18,954 shares of the business services provider’s stock worth $67,234,000 after purchasing an additional 280 shares during the last quarter. King Luther Capital Management Corp grew its stake in shares of Booking by 43.6% in the 4th quarter. King Luther Capital Management Corp now owns 3,391 shares of the business services provider’s stock worth $12,029,000 after purchasing an additional 1,030 shares during the last quarter. Finally, New Mexico Educational Retirement Board grew its stake in shares of Booking by 20.5% in the 1st quarter. New Mexico Educational Retirement Board now owns 2,348 shares of the business services provider’s stock worth $8,518,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of Booking 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 value 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Paulo Pisano sold 100 shares of Booking 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 value 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of Booking 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 completion of the transaction, the chief executive officer now directly owns 24,721 shares in the company, valued at approximately $100,556,375.65. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Benchmark lowered their price objective on shares of Booking from $4,700.00 to $4,600.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered 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 note on Friday, August 2nd. Truist Financial assumed coverage on shares of Booking in a research note on Friday, September 6th. They issued a “hold” rating and a $4,100.00 price objective on the stock. Oppenheimer lowered their price objective on shares of Booking from $4,600.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Tigress Financial raised their target price on shares of Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 9th. Eleven 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. According to data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,064.21.

Booking Stock Up 1.2 %

NASDAQ BKNG opened at $3,979.00 on Tuesday. The stock has a market capitalization of $133.38 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 1.18 and a beta of 1.40. The company has a 50 day moving average price of $3,767.65 and a two-hundred day moving average price of $3,712.87. 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 posted its earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. The firm had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $37.62 earnings per share. As a group, equities analysts anticipate 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 given a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, September 6th. Booking’s dividend payout ratio is 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.