Nisa Investment Advisors LLC Purchases 1,174 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Nisa Investment Advisors LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,941 shares of the business services provider’s stock after purchasing an additional 1,174 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Booking were worth $83,994,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brookstone Capital Management lifted its position in Booking by 31.2% in the 1st quarter. Brookstone Capital Management now owns 265 shares of the business services provider’s stock valued at $962,000 after acquiring an additional 63 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Booking during the first quarter valued at approximately $221,000. LVW Advisors LLC bought a new stake in Booking during the first quarter worth $236,000. Miracle Mile Advisors LLC purchased a new stake in Booking in the 1st quarter valued at $210,000. Finally, Claro Advisors LLC lifted its stake in Booking by 25.7% during the 1st quarter. Claro Advisors LLC now owns 88 shares of the business services provider’s stock valued at $319,000 after acquiring an additional 18 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

NASDAQ BKNG traded down $18.88 on Monday, hitting $4,328.94. The stock had a trading volume of 54,920 shares, compared to its average volume of 243,934. The firm has a 50-day moving average of $4,058.49 and a 200-day moving average of $3,851.08. Booking Holdings Inc. has a 52-week low of $2,756.13 and a 52-week high of $4,395.00. The company has a market capitalization of $146.87 billion, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 1.33 and a beta of 1.40.

Booking (NASDAQ:BKNG) last posted 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 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 firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $37.62 earnings per share. As a group, research analysts anticipate that Booking Holdings Inc. will post 177.17 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business 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. This represents a $35.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Friday, September 6th. Booking’s dividend payout ratio (DPR) is 26.25%.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction that occurred on 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 owns 3,787 shares of the company’s stock, 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. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on BKNG. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Mizuho increased their price objective on shares of Booking from $4,250.00 to $4,800.00 and gave the company an “outperform” rating in a research note on Thursday. Wedbush lifted their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research report on Friday. Benchmark reduced their target price on Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Oppenheimer lifted their price target on Booking from $4,200.00 to $5,000.00 and gave the stock an “outperform” rating in a report on Friday. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $4,256.89.

Booking 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.