Intelligence Driven Advisers LLC Purchases 11 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Intelligence Driven Advisers LLC increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 7.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 159 shares of the business services provider’s stock after acquiring an additional 11 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Booking were worth $630,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Booking by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock worth $10,718,390,000 after purchasing an additional 12,456 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Booking by 4.5% during the 1st quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock valued at $1,865,949,000 after acquiring an additional 21,969 shares in the last quarter. Norges Bank acquired a new stake in shares of Booking during the 4th quarter valued at about $1,742,160,000. Fisher Asset Management LLC boosted its position in shares of Booking by 4.2% during the 4th quarter. Fisher Asset Management LLC now owns 376,656 shares of the business services provider’s stock valued at $1,336,085,000 after acquiring an additional 15,303 shares in the last quarter. Finally, Ninety One UK Ltd boosted its position in shares of Booking by 3.1% during the 2nd quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock valued at $1,421,069,000 after acquiring an additional 10,889 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In related news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the transaction, the chief executive officer now directly owns 24,721 shares in the company, valued at approximately $100,556,375.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the transaction, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the completion of the transaction, the chief executive officer now directly owns 24,721 shares in the company, valued at approximately $100,556,375.65. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BKNG. B. Riley decreased their target price on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Benchmark decreased their target price on shares of Booking from $4,700.00 to $4,600.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $3,900.00 price target on shares of Booking in a research report on Monday, August 5th. Morgan Stanley boosted their price target on shares of Booking from $4,000.00 to $4,200.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Evercore ISI reduced their price target on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $4,064.21.

Booking Stock Performance

BKNG traded down $41.68 during midday trading on Friday, reaching $3,731.35. The company had a trading volume of 283,139 shares, compared to its average volume of 257,314. The stock has a market cap of $125.07 billion, a PE ratio of 27.98, a P/E/G ratio of 1.19 and a beta of 1.40. Booking Holdings Inc. has a 12-month low of $2,733.04 and a 12-month high of $4,144.32. The business has a 50-day moving average price of $3,773.69 and a two-hundred day moving average price of $3,699.80.

Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. The business had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. Booking’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $37.62 EPS. On average, research analysts anticipate that Booking Holdings Inc. will post 177.09 earnings per share for the current year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $35.00 annualized dividend and a yield of 0.94%. Booking’s payout ratio is currently 26.25%.

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.