Allen Mooney & Barnes Investment Advisors LLC Increases Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Allen Mooney & Barnes Investment Advisors LLC grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 17.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 61 shares of the business services provider’s stock after purchasing an additional 9 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Booking were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Grove Bank & Trust increased its holdings in Booking by 128.6% during the third quarter. Grove Bank & Trust now owns 16 shares of the business services provider’s stock valued at $67,000 after buying an additional 9 shares during the last quarter. Novare Capital Management LLC grew its position in shares of Booking by 2.4% during the 3rd quarter. Novare Capital Management LLC now owns 476 shares of the business services provider’s stock valued at $2,005,000 after acquiring an additional 11 shares during the period. Sapient Capital LLC increased its stake in shares of Booking by 0.5% in the 3rd quarter. Sapient Capital LLC now owns 7,311 shares of the business services provider’s stock worth $30,795,000 after purchasing an additional 35 shares in the last quarter. Procyon Advisors LLC increased its stake in shares of Booking by 1.1% in the 3rd quarter. Procyon Advisors LLC now owns 266 shares of the business services provider’s stock worth $1,121,000 after purchasing an additional 3 shares in the last quarter. Finally, Thomasville National Bank lifted its position in Booking by 1.9% during the third quarter. Thomasville National Bank now owns 11,151 shares of the business services provider’s stock valued at $46,969,000 after purchasing an additional 209 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Up 0.3 %

Shares of BKNG opened at $4,297.72 on Tuesday. Booking Holdings Inc. has a 52-week low of $2,733.04 and a 52-week high of $4,328.54. The company 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. The business has a fifty day moving average of $3,904.21 and a 200 day moving average of $3,803.05.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $39.22 by $2.68. The firm had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned $37.62 EPS. As a group, research analysts anticipate that Booking Holdings Inc. will post 176.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Friday, September 6th. Booking’s payout ratio is currently 26.25%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. StockNews.com cut Booking from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Cantor Fitzgerald restated a “neutral” rating and set a $3,590.00 target price on shares of Booking in a research note on Monday, October 7th. Jefferies Financial Group downgraded shares of Booking from a “buy” rating to a “hold” rating and lowered their price target for the company from $4,350.00 to $4,200.00 in a report on Wednesday, September 4th. 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. Finally, Barclays lifted their target price on shares of Booking from $3,900.00 to $4,500.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4,092.68.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.12% of the company’s stock.

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.