Dock Street Asset Management Inc. Has $29.89 Million Holdings in Booking Holdings Inc. $BKNG

Dock Street Asset Management Inc. trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,535 shares of the business services provider’s stock after selling 277 shares during the period. Booking accounts for 2.6% of Dock Street Asset Management Inc.’s holdings, making the stock its 13th largest position. Dock Street Asset Management Inc.’s holdings in Booking were worth $29,885,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BKNG. Norges Bank acquired a new position in Booking in the 2nd quarter valued at $2,210,917,000. Laurel Wealth Advisors LLC increased its position in shares of Booking by 578,824.0% in the second quarter. Laurel Wealth Advisors LLC now owns 289,462 shares of the business services provider’s stock worth $1,675,765,000 after purchasing an additional 289,412 shares during the period. Vestor Capital LLC increased its position in shares of Booking by 658,925.0% in the second quarter. Vestor Capital LLC now owns 105,444 shares of the business services provider’s stock worth $610,441,000 after purchasing an additional 105,428 shares during the period. Symphony Financial Ltd. Co. acquired a new position in Booking in the second quarter valued at about $536,675,000. Finally, Lone Pine Capital LLC bought a new stake in Booking during the second quarter worth about $347,192,000. 92.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group raised their target price on shares of Booking from $5,640.00 to $6,050.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Mizuho set a $6,000.00 price objective on shares of Booking in a research note on Wednesday, October 29th. Morgan Stanley set a $6,150.00 price objective on shares of Booking in a research report on Wednesday, October 29th. Cowen reaffirmed a “buy” rating on shares of Booking in a report on Wednesday, December 3rd. Finally, Wedbush upgraded Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 price target on the stock in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $6,165.52.

Insider Transactions at Booking

In related news, Director Robert J. Mylod, Jr. sold 40 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total value of $200,000.00. Following the completion of the transaction, the director owned 960 shares in the company, valued at $4,800,000. This trade represents a 4.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 625 shares of Booking stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $5,141.53, for a total transaction of $3,213,456.25. Following the sale, the chief executive officer owned 22,982 shares in the company, valued at approximately $118,162,642.46. This represents a 2.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 3,324 shares of company stock worth $17,193,557. 0.16% of the stock is owned by corporate insiders.

Booking Stock Performance

NASDAQ BKNG opened at $5,445.00 on Friday. The firm’s fifty day moving average price is $5,149.17 and its two-hundred day moving average price is $5,373.40. The stock has a market cap of $175.49 billion, a PE ratio of 35.39, a PEG ratio of 1.18 and a beta of 1.23. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results 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. The company had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.Booking’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company earned $83.39 EPS. As a group, sell-side analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th were issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, December 5th. Booking’s payout ratio is 24.96%.

Booking 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.