Carolina Wealth Advisors LLC Acquires 11 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Carolina Wealth Advisors LLC boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 550.0% during the third quarter, Holdings Channel.com reports. The fund owned 13 shares of the business services provider’s stock after buying an additional 11 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Booking were worth $55,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. bought a new stake in Booking during the third quarter worth about $25,000. Grove Bank & Trust lifted its holdings in shares of Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after acquiring an additional 4 shares during the last quarter. POM Investment Strategies LLC purchased a new stake in shares of Booking in the 2nd quarter valued at $28,000. Kings Path Partners LLC bought a new position in shares of Booking during the 2nd quarter valued at $28,000. Finally, West Financial Advisors LLC purchased a new position in Booking in the 3rd quarter worth $29,000. 92.42% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.12% of the stock is owned by company insiders.

Booking Stock Up 0.1 %

Shares of Booking stock traded up $5.18 during trading hours on Monday, reaching $4,356.00. 69,464 shares of the stock traded hands, compared to its average volume of 246,351. The company has a 50 day moving average price of $3,980.33 and a 200 day moving average price of $3,823.98. Booking Holdings Inc. has a one year low of $2,733.04 and a one year high of $4,394.95. The firm has a market capitalization of $147.79 billion, a price-to-earnings ratio of 32.63, a P/E/G ratio of 1.31 and a beta of 1.40.

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

Booking Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Bank of America reduced their price target on Booking from $3,950.00 to $3,750.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. JPMorgan Chase & Co. dropped their price objective on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Tigress Financial lifted their target price on shares of Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 9th. Finally, JMP Securities raised their price target on shares of Booking from $3,950.00 to $5,000.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,130.18.

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.