Booking Holdings Inc. (NASDAQ:BKNG) Stock Position Boosted by Bellecapital International Ltd.

Bellecapital International Ltd. increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,833 shares of the business services provider’s stock after acquiring an additional 81 shares during the quarter. Booking makes up about 3.2% of Bellecapital International Ltd.’s holdings, making the stock its 10th biggest position. Bellecapital International Ltd.’s holdings in Booking were worth $16,145,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Arlington Partners LLC raised its stake in shares of Booking by 22.2% during the third quarter. Arlington Partners LLC now owns 1,003 shares of the business services provider’s stock worth $4,225,000 after purchasing an additional 182 shares during the last quarter. Barden Capital Management Inc. raised its position in Booking by 1.6% during the 3rd quarter. Barden Capital Management Inc. now owns 261 shares of the business services provider’s stock worth $1,099,000 after buying an additional 4 shares during the last quarter. Compass Ion Advisors LLC lifted its stake in shares of Booking by 1.3% in the 3rd quarter. Compass Ion Advisors LLC now owns 243 shares of the business services provider’s stock worth $1,024,000 after acquiring an additional 3 shares during the period. Vest Financial LLC boosted its holdings in shares of Booking by 153.6% in the third quarter. Vest Financial LLC now owns 246 shares of the business services provider’s stock valued at $1,036,000 after acquiring an additional 149 shares in the last quarter. Finally, CNB Bank increased its stake in shares of Booking by 11.3% during the third quarter. CNB Bank now owns 216 shares of the business services provider’s stock worth $910,000 after acquiring an additional 22 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on 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. Bank of America cut their price objective on Booking from $3,950.00 to $3,750.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Tigress Financial boosted 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 research report on Tuesday, July 9th. Finally, Barclays increased their price target on shares of Booking from $3,900.00 to $4,500.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $4,130.18.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of the firm’s 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Booking Stock Down 0.2 %

Shares of NASDAQ BKNG traded down $7.43 on Monday, hitting $4,343.39. The company had a trading volume of 26,719 shares, compared to its average volume of 246,140. The firm has a market capitalization of $147.36 billion, a P/E ratio of 32.63, a PEG ratio of 1.31 and a beta of 1.40. Booking Holdings Inc. has a 12-month low of $2,733.04 and a 12-month high of $4,394.95. The business has a 50 day moving average of $3,980.33 and a two-hundred day moving average of $3,823.98.

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

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid a dividend of $8.75 per share. The ex-dividend date was Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.81%. 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.