Mezzasalma Advisors LLC Buys 299 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Mezzasalma Advisors LLC increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 332.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 389 shares of the business services provider’s stock after acquiring an additional 299 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Booking were worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of BKNG. Advisors Asset Management Inc. grew its holdings in Booking by 2.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 459 shares of the business services provider’s stock worth $1,416,000 after acquiring an additional 12 shares during the last quarter. Alps Advisors Inc. increased its stake in shares of Booking by 383.8% during the third quarter. Alps Advisors Inc. now owns 1,132 shares of the business services provider’s stock valued at $3,491,000 after buying an additional 898 shares during the period. Evergreen Capital Management LLC lifted its stake in Booking by 1.2% in the third quarter. Evergreen Capital Management LLC now owns 671 shares of the business services provider’s stock worth $2,069,000 after acquiring an additional 8 shares during the period. EULAV Asset Management increased its position in Booking by 2.7% during the 3rd quarter. EULAV Asset Management now owns 3,851 shares of the business services provider’s stock valued at $11,876,000 after purchasing an additional 100 shares during the period. Finally, Lido Advisors LLC raised its holdings in Booking by 11.0% in the 3rd quarter. Lido Advisors LLC now owns 634 shares of the business services provider’s stock worth $1,954,000 after purchasing an additional 63 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BKNG. DA Davidson boosted their price target on shares of Booking from $4,100.00 to $4,150.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Wedbush reissued an “outperform” rating and issued a $3,850.00 target price on shares of Booking in a research report on Tuesday, April 30th. HSBC raised their target price on Booking from $4,220.00 to $4,230.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $3,950.00 price target on shares of Booking in a research note on Monday, May 6th. Finally, B. Riley began coverage on Booking in a research report on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 price objective for the company. Eight research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,902.54.

Booking Trading Up 0.0 %

BKNG stock traded up $0.68 on Thursday, hitting $3,916.89. The company had a trading volume of 79,413 shares, compared to its average volume of 196,260. Booking Holdings Inc. has a 12-month low of $2,624.50 and a 12-month high of $4,040.00. The stock has a market cap of $132.90 billion, a price-to-earnings ratio of 29.38, a P/E/G ratio of 1.17 and a beta of 1.38. The stock’s 50-day simple moving average is $3,783.80 and its 200 day simple moving average is $3,634.79.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.03 by $6.36. The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.25 billion. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period last year, the business posted $11.60 EPS. Research analysts forecast that Booking Holdings Inc. will post 178.54 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were given a dividend of $8.75 per share. The ex-dividend date was Friday, June 7th. This represents a $35.00 annualized dividend and a yield of 0.89%. Booking’s dividend payout ratio (DPR) is 26.25%.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 227 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the completion of the sale, the insider now owns 4,233 shares of the company’s stock, valued at approximately $15,157,314.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Paulo Pisano sold 227 shares of Booking stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the transaction, the insider now directly owns 4,233 shares of the company’s stock, valued at approximately $15,157,314.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the sale, the chief executive officer now directly owns 26,971 shares of the company’s stock, valued at $95,318,211.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,021 shares of company stock worth $3,617,852. Company insiders own 0.12% of the company’s stock.

Booking Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.