Copperleaf Capital LLC Cuts Stake in Booking Holdings Inc. $BKNG

Copperleaf Capital LLC cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 55.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 130 shares of the business services provider’s stock after selling 164 shares during the quarter. Copperleaf Capital LLC’s holdings in Booking were worth $702,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BKNG shares. Morgan Stanley set a $6,150.00 price target on Booking in a research note on Wednesday, October 29th. BTIG Research restated a “buy” rating and issued a $6,250.00 target price on shares of Booking in a report on Tuesday, December 23rd. Wall Street Zen upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Sunday, January 4th. Cowen reissued a “buy” rating on shares of Booking in a report on Wednesday, December 3rd. Finally, Cantor Fitzgerald boosted their price objective on shares of Booking from $5,550.00 to $5,830.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6,225.56.

Booking Trading Up 0.1%

Shares of BKNG opened at $5,193.06 on Friday. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The firm’s 50-day moving average price is $5,182.53 and its 200-day moving average price is $5,366.38. The firm has a market capitalization of $167.37 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 1.13 and a beta of 1.23.

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

Booking Dividend Announcement

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

Insider Transactions at Booking

In other Booking news, insider Paulo Pisano sold 200 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $1,000,000.00. Following the completion of the transaction, the insider owned 1,514 shares in the company, valued at approximately $7,570,000. This represents a 11.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 702 shares of the company’s stock, valued at $3,764,124. This represents a 2.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,296 shares of company stock valued at $11,862,154 in the last three months. Company insiders own 0.16% of the company’s stock.

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.