Arlington Partners LLC Raises Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Arlington Partners LLC lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 22.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,003 shares of the business services provider’s stock after buying an additional 182 shares during the quarter. Arlington Partners LLC’s holdings in Booking were worth $4,225,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Barden Capital Management Inc. lifted its position in shares of Booking by 1.6% during the 3rd quarter. Barden Capital Management Inc. now owns 261 shares of the business services provider’s stock worth $1,099,000 after buying an additional 4 shares during the last quarter. Compass Ion Advisors LLC lifted its position in shares of Booking by 1.3% during the 3rd quarter. Compass Ion Advisors LLC now owns 243 shares of the business services provider’s stock worth $1,024,000 after buying an additional 3 shares during the last quarter. Vest Financial LLC lifted its position in shares of Booking by 153.6% during the 3rd quarter. Vest Financial LLC now owns 246 shares of the business services provider’s stock worth $1,036,000 after buying an additional 149 shares during the last quarter. CNB Bank lifted its position in shares of Booking by 11.3% during the 3rd quarter. CNB Bank now owns 216 shares of the business services provider’s stock worth $910,000 after buying an additional 22 shares during the last quarter. Finally, Cedrus LLC purchased a new stake in shares of Booking during the 3rd quarter worth approximately $219,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on BKNG shares. Bank of America reduced their price objective on shares of Booking from $3,950.00 to $3,750.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Barclays upped their price target on shares of Booking from $3,900.00 to $4,500.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Tigress Financial upped their price target on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 9th. Oppenheimer reduced their price target on shares of Booking from $4,600.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, Morgan Stanley upped 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, September 5th. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $4,130.18.

Booking Stock Down 0.2 %

Shares of Booking stock traded down $7.43 on Monday, hitting $4,343.39. The company’s stock had a trading volume of 26,719 shares, compared to its average volume of 246,140. Booking Holdings Inc. has a 52-week low of $2,733.04 and a 52-week high of $4,394.95. The firm has a fifty day moving average price of $3,980.33 and a 200-day moving average price of $3,823.98. The company has a market capitalization of $147.36 billion, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40.

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

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were given a $8.75 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.81%. Booking’s dividend payout ratio is presently 26.25%.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 100 shares of the business’s 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 sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.12% of the company’s stock.

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.