iA Global Asset Management Inc. Grows Stock Holdings in Booking Holdings Inc. $BKNG

iA Global Asset Management Inc. increased its position in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 10.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,176 shares of the business services provider’s stock after buying an additional 598 shares during the period. iA Global Asset Management Inc.’s holdings in Booking were worth $33,346,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Y Intercept Hong Kong Ltd increased its holdings in Booking by 15.6% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock valued at $2,958,000 after acquiring an additional 69 shares during the last quarter. Vontobel Holding Ltd. grew its position in shares of Booking by 18.6% during the second quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock valued at $437,284,000 after purchasing an additional 11,829 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Booking by 67.3% in the second quarter. Panagora Asset Management Inc. now owns 30,210 shares of the business services provider’s stock worth $174,893,000 after purchasing an additional 12,148 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC increased its holdings in shares of Booking by 339.0% in the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 180 shares of the business services provider’s stock worth $974,000 after purchasing an additional 139 shares during the last quarter. Finally, Covey Capital Advisors LLC lifted its position in shares of Booking by 1.0% in the second quarter. Covey Capital Advisors LLC now owns 1,117 shares of the business services provider’s stock worth $6,467,000 after buying an additional 11 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Price Performance

Booking stock opened at $5,150.90 on Friday. The firm has a market capitalization of $166.01 billion, a P/E ratio of 33.48, a price-to-earnings-growth ratio of 1.12 and a beta of 1.23. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The company’s 50-day moving average is $5,189.99 and its 200 day moving average is $5,344.90.

Booking (NASDAQ:BKNGGet Free Report) last released its 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. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The firm 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 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

Booking News Summary

Here are the key news stories impacting Booking this week:

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. B. Riley raised their price target on Booking from $6,700.00 to $6,800.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Truist Financial set a $5,810.00 target price on shares of Booking in a report on Wednesday, October 29th. The Goldman Sachs Group boosted their price target 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. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. Finally, Bank of America upgraded shares of Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 target price on the stock in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $6,229.61.

Read Our Latest Research Report on Booking

Insiders Place Their Bets

In other news, CEO Glenn D. Fogel sold 953 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $5,181.34, for a total value of $4,937,817.02. Following the transaction, the chief executive officer directly owned 19,615 shares in the company, valued at approximately $101,631,984.10. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $5,191.15, for a total transaction of $77,867.25. Following the sale, the director owned 687 shares of the company’s stock, valued at $3,566,320.05. The trade was a 2.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,324 shares of company stock valued at $17,190,323 over the last three months. Insiders own 0.16% of the company’s stock.

Booking Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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