Booking Holdings Inc. $BKNG Shares Acquired by Brighton Jones LLC

Brighton Jones LLC grew its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 26.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 447 shares of the business services provider’s stock after buying an additional 94 shares during the period. Brighton Jones LLC’s holdings in Booking were worth $2,413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Revolve Wealth Partners LLC acquired a new position in shares of Booking in the 4th quarter valued at $209,000. CW Advisors LLC grew its stake in Booking by 13.3% during the 1st quarter. CW Advisors LLC now owns 221 shares of the business services provider’s stock valued at $1,023,000 after purchasing an additional 26 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Booking by 29.0% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 40,920 shares of the business services provider’s stock worth $188,515,000 after purchasing an additional 9,209 shares during the last quarter. South Plains Financial Inc. lifted its holdings in shares of Booking by 26.5% during the first quarter. South Plains Financial Inc. now owns 86 shares of the business services provider’s stock worth $396,000 after purchasing an additional 18 shares during the period. Finally, J. Stern & Co. LLP lifted its holdings in shares of Booking by 20.3% during the first quarter. J. Stern & Co. LLP now owns 754 shares of the business services provider’s stock worth $3,472,000 after purchasing an additional 127 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Trading Up 0.2%

Shares of BKNG stock opened at $5,406.99 on Tuesday. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41. The business’s 50 day moving average is $5,080.59 and its two-hundred day moving average is $5,372.85. The company has a market capitalization of $174.27 billion, a P/E ratio of 35.14, a P/E/G ratio of 1.36 and a beta of 1.25.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $8.71 billion. During the same period in the previous year, the business earned $83.39 earnings per share. The business’s revenue was up 12.7% compared to the same quarter last year. On average, research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be given a $9.60 dividend. The ex-dividend date is Friday, December 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking’s dividend payout ratio (DPR) is 24.96%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Morgan Stanley set a $6,150.00 price target on shares of Booking in a research report on Wednesday, October 29th. Truist Financial set a $5,810.00 price objective on shares of Booking in a report on Wednesday, October 29th. Cantor Fitzgerald reduced their target price on shares of Booking from $5,590.00 to $5,550.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Robert W. Baird set a $6,325.00 target price on shares of Booking in a research report on Wednesday, October 29th. Finally, BNP Paribas set a $6,100.00 price target on Booking in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $6,149.23.

Insider Activity at Booking

In other news, insider Paulo Pisano sold 200 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the insider owned 1,514 shares of the company’s stock, valued at $7,570,000. The trade was a 11.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Mylod, Jr. sold 40 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director directly owned 960 shares in the company, valued at $4,800,000. This represents a 4.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,324 shares of company stock worth $17,193,557 in the last ninety days. 0.16% of the stock is owned by company insiders.

Booking Company Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.