Compass Ion Advisors LLC Increases Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Compass Ion Advisors LLC boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243 shares of the business services provider’s stock after purchasing an additional 3 shares during the period. Compass Ion Advisors LLC’s holdings in Booking were worth $1,024,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Booking by 0.4% in the first quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock valued at $10,718,390,000 after buying an additional 12,456 shares in the last quarter. Janus Henderson Group PLC raised its position in Booking by 4.5% during the first quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock worth $1,865,949,000 after acquiring an additional 21,969 shares during the last quarter. Ninety One UK Ltd lifted its holdings in shares of Booking by 3.1% in the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock valued at $1,421,069,000 after purchasing an additional 10,889 shares in the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of Booking by 29.2% in the first quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock valued at $702,049,000 after purchasing an additional 43,743 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Booking by 22.1% in the first quarter. Nordea Investment Management AB now owns 159,956 shares of the business services provider’s stock valued at $584,492,000 after purchasing an additional 28,904 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of analyst reports. Morgan Stanley increased their target price on Booking from $4,000.00 to $4,200.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. Tigress Financial lifted their price objective on Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 9th. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Wednesday. Oppenheimer decreased their price target on shares of Booking from $4,600.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $4,130.18.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction dated 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 completion of the transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.12% of the stock is owned by corporate insiders.

Booking Stock Performance

Shares of BKNG stock traded down $19.95 during trading hours on Friday, hitting $4,350.82. 146,110 shares of the company were exchanged, compared to its average volume of 194,683. The stock has a market capitalization of $147.61 billion, a price-to-earnings ratio of 32.63, a P/E/G ratio of 1.31 and a beta of 1.40. Booking Holdings Inc. has a one year low of $2,733.04 and a one year high of $4,394.95. The business’s 50-day simple moving average is $3,980.33 and its two-hundred day simple moving average is $3,822.64.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $39.22 by $2.68. The firm had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. Booking’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $37.62 earnings per share. As a group, analysts anticipate that Booking Holdings Inc. will post 176.92 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid a dividend of $8.75 per share. The ex-dividend date was Friday, September 6th. This represents a $35.00 annualized dividend and a yield of 0.80%. Booking’s payout ratio is 26.25%.

Booking Company 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.