8 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Acquired by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8 shares of the business services provider’s stock, valued at approximately $32,000.

Several other institutional investors have also modified their holdings of the stock. Parkside Financial Bank & Trust lifted its position in shares of Booking by 4.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 69 shares of the business services provider’s stock worth $245,000 after buying an additional 3 shares during the last quarter. Bristlecone Advisors LLC lifted its position in shares of Booking by 0.3% during the 1st quarter. Bristlecone Advisors LLC now owns 894 shares of the business services provider’s stock worth $3,243,000 after buying an additional 3 shares during the last quarter. Silver Oak Securities Incorporated lifted its position in shares of Booking by 1.9% during the 4th quarter. Silver Oak Securities Incorporated now owns 164 shares of the business services provider’s stock worth $582,000 after buying an additional 3 shares during the last quarter. Van Leeuwen & Company LLC lifted its position in shares of Booking by 0.6% during the 4th quarter. Van Leeuwen & Company LLC now owns 487 shares of the business services provider’s stock worth $1,727,000 after buying an additional 3 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its position in shares of Booking by 0.9% during the 1st quarter. CENTRAL TRUST Co now owns 352 shares of the business services provider’s stock worth $1,277,000 after buying an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BKNG. B. Riley reduced their price target on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a research report on Friday. JMP Securities reiterated a “market outperform” rating and issued a $3,950.00 price target on shares of Booking in a research report on Monday, May 6th. StockNews.com downgraded shares of Booking from a “buy” rating to a “hold” rating in a research report on Monday. Wells Fargo & Company upped their price target on shares of Booking from $3,497.00 to $3,976.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Evercore ISI reduced their price target on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday. Eight research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $4,068.32.

Insider Activity 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 sale, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.12% of the stock is owned by corporate insiders.

Booking Trading Up 1.0 %

Shares of NASDAQ:BKNG traded up $33.65 on Tuesday, reaching $3,417.08. 428,771 shares of the company were exchanged, compared to its average volume of 259,786. Booking Holdings Inc. has a 1-year low of $2,733.04 and a 1-year high of $4,144.32. The firm has a market cap of $115.93 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 1.09 and a beta of 1.38. The company has a 50-day moving average of $3,863.80 and a 200-day moving average of $3,691.06.

Booking (NASDAQ:BKNG) last posted its quarterly 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. Booking had a net margin of 22.46% and a negative return on equity of 237.46%. The business had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.77 billion. During the same period in the prior year, the company posted $37.62 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts forecast that Booking Holdings Inc. will post 178.9 earnings per share for the current year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a $8.75 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a yield of 1.02%. Booking’s payout ratio is 26.25%.

About Booking

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.