Booking Holdings Inc. (NASDAQ:BKNG) Stock Holdings Boosted by Compass Ion Advisors LLC

Compass Ion Advisors LLC increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1.3% during the third quarter, Holdings Channel reports. The fund owned 243 shares of the business services provider’s stock after purchasing an additional 3 shares during the quarter. Compass Ion Advisors LLC’s holdings in Booking were worth $1,024,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Global Assets Advisory LLC acquired a new position in shares of Booking during the first quarter worth approximately $401,371,000. New Mexico Educational Retirement Board grew its stake in shares of Booking by 20.5% in the first quarter. New Mexico Educational Retirement Board now owns 2,348 shares of the business services provider’s stock worth $8,518,000 after purchasing an additional 400 shares in the last quarter. CreativeOne Wealth LLC acquired a new position in shares of Booking during the first quarter valued at $537,000. BDF Gestion bought a new stake in shares of Booking during the second quarter valued at about $6,897,000. Finally, Gamco Investors INC. ET AL acquired a new stake in Booking in the first quarter worth about $519,000. 92.42% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.12% of the company’s stock.

Booking Stock Performance

Shares of BKNG stock traded down $19.95 during trading on Friday, hitting $4,350.82. 146,110 shares of the company were exchanged, compared to its average volume of 194,683. The business’s 50-day simple moving average is $3,980.33 and its 200 day simple moving average is $3,822.64. Booking Holdings Inc. has a twelve month low of $2,733.04 and a twelve month high of $4,394.95. The firm has a market capitalization of $147.61 billion, a price-to-earnings ratio of 32.63, a P/E/G ratio of 1.31 and a beta of 1.40.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share 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 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 prior year, the business posted $37.62 earnings per share. Booking’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts forecast that Booking Holdings Inc. will post 176.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were paid a $8.75 dividend. The ex-dividend date was Friday, September 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.80%. Booking’s payout ratio is 26.25%.

Analyst Ratings Changes

Several research firms have commented on BKNG. Bank of America lowered 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 note on Friday, August 2nd. Cantor Fitzgerald reissued a “neutral” rating and set a $3,590.00 target price on shares of Booking in a report on Monday, October 7th. DA Davidson cut their target price on Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. lowered their price target on 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. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $4,130.18.

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.