Hartford Investment Management Co. Has $8.88 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Hartford Investment Management Co. decreased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,109 shares of the business services provider’s stock after selling 64 shares during the period. Hartford Investment Management Co.’s holdings in Booking were worth $8,883,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BKNG. Aspiriant LLC increased its position in Booking by 4.8% during the 1st quarter. Aspiriant LLC now owns 65 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 3 shares during the period. Consilio Wealth Advisors LLC lifted its holdings in Booking by 1.7% in the first quarter. Consilio Wealth Advisors LLC now owns 178 shares of the business services provider’s stock valued at $647,000 after buying an additional 3 shares during the period. Capital Advisors Ltd. LLC boosted its position in Booking by 14.3% during the first quarter. Capital Advisors Ltd. LLC now owns 24 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 3 shares during the last quarter. Hexagon Capital Partners LLC raised its position in shares of Booking by 30.0% in the 1st 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 in the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in shares of Booking by 1.9% in the 1st quarter. Proficio Capital Partners LLC now owns 157 shares of the business services provider’s stock valued at $570,000 after purchasing an additional 3 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wells Fargo & Company raised their target price on 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 lowered their price objective on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. DA Davidson cut their target price on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. decreased their price target on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Finally, Wedbush increased their price objective 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. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4,133.75.

Booking Trading Down 0.6 %

Shares of BKNG stock traded down $27.12 during trading hours on Wednesday, hitting $4,350.66. 8,896 shares of the company were exchanged, compared to its average volume of 244,903. Booking Holdings Inc. has a 52-week low of $2,733.04 and a 52-week high of $4,395.00. The firm has a fifty day simple moving average of $4,015.02 and a 200 day simple moving average of $3,835.37. The stock has a market capitalization of $145.83 billion, a price-to-earnings ratio of 30.65, a P/E/G ratio of 1.33 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The firm had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.77 billion. During the same quarter in the prior year, the firm earned $37.62 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts anticipate that Booking Holdings Inc. will post 177.05 EPS for the current year.

Booking Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, September 6th. Booking’s payout ratio is currently 24.50%.

Insider Buying and Selling

In other Booking 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 transaction of $388,761.00. Following the sale, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.12% of the stock is owned by insiders.

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.