Parallel Advisors LLC Boosts Position in Booking Holdings Inc. (NASDAQ:BKNG)

Parallel Advisors LLC boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,167 shares of the business services provider’s stock after acquiring an additional 20 shares during the period. Parallel Advisors LLC’s holdings in Booking were worth $12,545,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Assets Advisory LLC purchased a new stake in shares of Booking in the first quarter worth $401,371,000. Artisan Partners Limited Partnership boosted its position in shares of Booking by 2.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 32,089 shares of the business services provider’s stock valued at $113,827,000 after acquiring an additional 729 shares during the last quarter. Commerce Bank boosted its position in shares of Booking by 1.5% during the 4th quarter. Commerce Bank now owns 18,954 shares of the business services provider’s stock valued at $67,234,000 after acquiring an additional 280 shares during the last quarter. ING Groep NV grew its holdings in shares of Booking by 6.4% during the fourth quarter. ING Groep NV now owns 13,618 shares of the business services provider’s stock worth $48,306,000 after purchasing an additional 817 shares in the last quarter. Finally, King Luther Capital Management Corp increased its position in shares of Booking by 43.6% in the fourth quarter. King Luther Capital Management Corp now owns 3,391 shares of the business services provider’s stock worth $12,029,000 after purchasing an additional 1,030 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Paulo Pisano sold 100 shares of Booking 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 transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction 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 sale, the chief executive officer now owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Booking Stock Up 1.6 %

NASDAQ:BKNG opened at $3,932.59 on Friday. The stock has a market cap of $131.82 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 1.17 and a beta of 1.40. The company’s 50 day moving average price is $3,767.76 and its 200-day moving average price is $3,706.18. 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 announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The firm had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter last year, the firm posted $37.62 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 176.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Friday, September 6th. Booking’s dividend payout ratio is 26.25%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Argus boosted their price target on shares of Booking from $4,200.00 to $4,342.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Bank of America decreased their target price on shares of 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. 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. StockNews.com downgraded Booking from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Finally, Jefferies Financial Group cut Booking from a “buy” rating to a “hold” rating and dropped their target price for the company from $4,350.00 to $4,200.00 in a report on Wednesday, September 4th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average price target of $4,064.21.

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.