Princeton Global Asset Management LLC Increases Position in Booking Holdings Inc. (NASDAQ:BKNG)

Princeton Global Asset Management LLC increased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 3.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 775 shares of the business services provider’s stock after acquiring an additional 26 shares during the period. Princeton Global Asset Management LLC’s holdings in Booking were worth $3,265,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

BKNG has been the subject of several analyst reports. BMO Capital Markets upped their price target on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research report on Thursday. Cantor Fitzgerald restated a “neutral” rating and set a $3,590.00 price target on shares of Booking in a research report on Monday, October 7th. Oppenheimer upped their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays upped their price target on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Wells Fargo & Company upped their price target on shares of Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Twelve analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $4,680.18.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 100 shares of the firm’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 sale, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Booking Stock Up 1.6 %

Shares of BKNG opened at $4,749.11 on Friday. The company has a market capitalization of $157.20 billion, a P/E ratio of 32.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.38. The firm has a 50 day moving average of $4,136.96 and a 200 day moving average of $3,883.88. Booking Holdings Inc. has a twelve month low of $2,756.39 and a twelve month high of $4,856.60.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $83.89 earnings per share for the quarter, beating the consensus estimate of $77.94 by $5.95. The company had revenue of $7.99 billion during the quarter, compared to the consensus estimate of $7.63 billion. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. On average, sell-side analysts expect that Booking Holdings Inc. will post 177.79 EPS for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be issued a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

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.