Asio Capital LLC Acquires 125 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Asio Capital LLC increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 18.2% in the 3rd quarter, Holdings Channel reports. The fund owned 810 shares of the business services provider’s stock after buying an additional 125 shares during the quarter. Asio Capital LLC’s holdings in Booking were worth $3,412,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Global Assets Advisory LLC purchased a new stake in Booking in the first quarter worth about $401,371,000. Bessemer Group Inc. grew its stake in shares of Booking by 4,565.4% in the 1st quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock worth $227,143,000 after buying an additional 61,268 shares during the last quarter. Mawer Investment Management Ltd. increased its position in Booking by 29.2% during the 1st quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock valued at $702,049,000 after buying an additional 43,743 shares in the last quarter. 1832 Asset Management L.P. raised its stake in Booking by 106.0% during the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after buying an additional 36,710 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its holdings in Booking by 2,315.8% in the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock worth $145,755,000 after acquiring an additional 35,270 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Insider Activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the sale, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction 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 sale, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the transaction, the chief executive officer now owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

Booking Stock Down 0.1 %

Shares of NASDAQ:BKNG opened at $4,284.73 on Friday. The company has a market capitalization of $145.37 billion, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The firm has a 50 day moving average of $3,885.93 and a 200 day moving average of $3,796.52. Booking Holdings Inc. has a 52 week low of $2,733.04 and a 52 week high of $4,328.54.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping 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 company had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same period last year, the business earned $37.62 EPS. Booking’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts expect that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.82%. The ex-dividend date was Friday, September 6th. Booking’s payout ratio is 26.25%.

Analysts Set New Price Targets

Several brokerages have issued reports on BKNG. DA Davidson decreased their target price on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Tigress Financial boosted their target price 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. Wedbush increased their price target on shares of Booking from $3,850.00 to $4,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Wells Fargo & Company boosted their price objective 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. Finally, Benchmark cut their price target 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. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,092.68.

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.