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

Procyon Advisors LLC grew its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 266 shares of the business services provider’s stock after buying an additional 3 shares during the period. Procyon Advisors LLC’s holdings in Booking were worth $1,121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Park Avenue Securities LLC raised its holdings in shares of Booking by 0.5% in the first quarter. Park Avenue Securities LLC now owns 624 shares of the business services provider’s stock worth $2,264,000 after buying an additional 3 shares during the last quarter. Aspiriant LLC raised its holdings in shares of Booking by 4.8% in the first quarter. Aspiriant LLC now owns 65 shares of the business services provider’s stock worth $236,000 after buying an additional 3 shares during the last quarter. Consilio Wealth Advisors LLC increased its stake in shares of Booking by 1.7% in the first quarter. Consilio Wealth Advisors LLC now owns 178 shares of the business services provider’s stock worth $647,000 after acquiring an additional 3 shares during the period. Capital Advisors Ltd. LLC increased its stake in shares of Booking by 14.3% in the first quarter. Capital Advisors Ltd. LLC now owns 24 shares of the business services provider’s stock worth $87,000 after acquiring an additional 3 shares during the period. Finally, Hexagon Capital Partners LLC increased its stake in shares of Booking by 30.0% in the first quarter. Hexagon Capital Partners LLC now owns 13 shares of the business services provider’s stock worth $47,000 after acquiring an additional 3 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 100 shares of the 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 transaction, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BKNG. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 price objective on shares of Booking in a research note on Monday, October 7th. Wells Fargo & Company increased their price objective on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Evercore ISI cut their price objective on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Truist Financial started coverage on shares of Booking in a research report on Friday, September 6th. They set a “hold” rating and a $4,100.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $4,092.68.

Booking Trading Up 0.3 %

NASDAQ BKNG opened at $4,297.72 on Tuesday. The stock has a fifty day simple moving average of $3,904.21 and a 200-day simple moving average of $3,803.05. The stock has a market cap of $145.81 billion, a PE ratio of 32.23, a P/E/G ratio of 1.31 and a beta of 1.40. Booking Holdings Inc. has a twelve month low of $2,733.04 and a twelve month high of $4,328.54.

Booking (NASDAQ:BKNG) last released 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 business had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the previous year, the firm earned $37.62 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Research analysts predict that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors 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 0.81%. The ex-dividend date was Friday, September 6th. Booking’s payout ratio is 26.25%.

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.