Concurrent Investment Advisors LLC Buys 215 Shares of Booking Holdings Inc. $BKNG

Concurrent Investment Advisors LLC lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 65.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 542 shares of the business services provider’s stock after purchasing an additional 215 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Booking were worth $2,928,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Halbert Hargrove Global Advisors LLC increased its position in Booking by 150.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 3 shares during the last quarter. Westside Investment Management Inc. boosted its stake in shares of Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after purchasing an additional 4 shares during the period. Davis Capital Management bought a new position in Booking during the 3rd quarter valued at about $32,000. First PREMIER Bank grew its holdings in Booking by 100.0% during the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 3 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC raised its position in Booking by 100.0% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock worth $35,000 after purchasing an additional 3 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $5,362.00, for a total value of $80,430.00. Following the completion of the sale, the director directly owned 702 shares in the company, valued at $3,764,124. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paulo Pisano sold 200 shares of Booking stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the insider directly owned 1,514 shares in the company, valued at $7,570,000. This represents a 11.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 2,296 shares of company stock valued at $11,862,154. Corporate insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

BKNG has been the topic of several recent analyst reports. Rothschild & Co Redburn increased their price target on Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Benchmark upped their price objective on Booking from $6,200.00 to $6,400.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Wells Fargo & Company lifted their target price on Booking from $5,523.00 to $5,954.00 and gave the stock an “equal weight” rating in a research report on Friday, January 9th. HSBC upped their price target on shares of Booking from $7,447.00 to $7,656.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Finally, Mizuho set a $6,000.00 price target on shares of Booking in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $6,225.56.

Booking Stock Performance

Shares of BKNG opened at $5,193.06 on Friday. The stock has a market capitalization of $167.37 billion, a PE ratio of 33.75, a PEG ratio of 1.13 and a beta of 1.23. The company has a 50 day moving average price of $5,182.53 and a 200-day moving average price of $5,366.38. 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 earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $95.56 by $3.94. The business had revenue of $9.01 billion for 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%.The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $83.39 EPS. Equities research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

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

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.