Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Signaturefd LLC

Signaturefd LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 28.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 346 shares of the business services provider’s stock after acquiring an additional 76 shares during the period. Signaturefd LLC’s holdings in Booking were worth $1,371,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Booking in the fourth quarter valued at $1,742,160,000. Global Assets Advisory LLC purchased a new stake in shares of Booking in the first quarter valued at $401,371,000. International Assets Investment Management LLC purchased a new stake in shares of Booking in the fourth quarter valued at $3,774,850,000. BlueSpruce Investments LP purchased a new stake in shares of Booking in the fourth quarter valued at $220,080,000. Finally, Bessemer Group Inc. grew its position in shares of Booking by 4,565.4% in the first quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock valued at $227,143,000 after purchasing an additional 61,268 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BKNG shares. Argus boosted their price target on Booking from $4,200.00 to $4,342.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Erste Group Bank raised Booking from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. StockNews.com downgraded Booking from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Wedbush boosted their price objective on Booking from $3,850.00 to $4,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. reduced their price objective on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,068.32.

Insider Activity

In related news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was 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 of the company’s stock, valued at approximately $100,556,375.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was 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 of the company’s stock, valued at approximately $100,556,375.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 $14,722,379.07. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Booking Trading Up 0.5 %

NASDAQ:BKNG opened at $3,909.23 on Friday. The firm has a market capitalization of $132.63 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.38. The stock has a 50 day moving average of $3,793.56 and a 200-day moving average of $3,696.44. Booking Holdings Inc. has a 52 week low of $2,733.04 and a 52 week high of $4,144.32.

Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating the consensus estimate of $39.22 by $2.68. The company had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $37.62 earnings per share. As a group, analysts predict that Booking Holdings Inc. will post 177.09 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, September 6th. Booking’s dividend payout ratio (DPR) is presently 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.