Global Assets Advisory LLC Makes New $734,000 Investment in Booking Holdings Inc. $BKNG

Global Assets Advisory LLC acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 136 shares of the business services provider’s stock, valued at approximately $734,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BKNG. Brighton Jones LLC boosted its position in Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after purchasing an additional 65 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Booking during the 4th quarter worth $209,000. Sivia Capital Partners LLC raised its stake in shares of Booking by 25.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock worth $955,000 after purchasing an additional 33 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Booking in the 2nd quarter worth about $266,000. Finally, Dakota Wealth Management grew its position in Booking by 35.6% during the second quarter. Dakota Wealth Management now owns 61 shares of the business services provider’s stock valued at $353,000 after buying an additional 16 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 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 transaction, the director directly owned 702 shares of the company’s stock, valued at $3,764,124. This trade represents a 2.09% decrease in their position. The sale 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 company’s 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 $200,000.00. Following the completion of the transaction, the director directly owned 960 shares in the company, valued at approximately $4,800,000. The trade was a 4.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,324 shares of company stock worth $17,190,323 in the last three months. Insiders own 0.16% of the company’s stock.

Booking Price Performance

Booking stock opened at $5,098.50 on Friday. The firm has a market capitalization of $164.32 billion, a P/E ratio of 33.14, a PEG ratio of 1.11 and a beta of 1.23. Booking Holdings Inc. has a one year low of $4,096.23 and a one year high of $5,839.41. The business has a fifty day moving average price of $5,191.00 and a 200-day moving average price of $5,337.30.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data 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. 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 for the quarter, compared to analysts’ expectations of $8.71 billion. During the same quarter in the prior year, the firm posted $83.39 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. Sell-side analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th were given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, December 5th. Booking’s dividend payout ratio (DPR) is 24.96%.

Wall Street Analysts Forecast Growth

BKNG has been the topic of several research reports. The Goldman Sachs Group lifted their price objective on shares of Booking from $5,640.00 to $6,050.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Robert W. Baird set a $6,325.00 price objective on Booking in a research note on Wednesday, October 29th. Morgan Stanley set a $6,150.00 price objective on Booking in a report on Wednesday, October 29th. Cantor Fitzgerald boosted their target price on Booking from $5,550.00 to $5,830.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Finally, BTIG Research reiterated a “buy” rating and set a $6,250.00 price target on shares of Booking in a research note on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average target price of $6,209.94.

About Booking

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.