Mirae Asset Global Investments Co. Ltd. Grows Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 11.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 10,035 shares of the business services provider’s stock after acquiring an additional 1,046 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Booking were worth $42,630,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of BKNG. Jamison Private Wealth Management Inc. acquired a new stake in Booking in the 3rd quarter worth approximately $25,000. Grove Bank & Trust lifted its stake in shares of Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after buying an additional 4 shares during the period. POM Investment Strategies LLC purchased a new stake in shares of Booking during the second quarter valued at $28,000. Kings Path Partners LLC purchased a new stake in shares of Booking during the second quarter valued at $28,000. Finally, West Financial Advisors LLC acquired a new position in shares of Booking in the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 100 shares of the 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 completion of the sale, the insider now owns 3,787 shares in the company, 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 the SEC website. 0.12% of the stock is currently owned by company insiders.

Booking Price Performance

Shares of Booking stock opened at $4,347.82 on Friday. The stock has a market capitalization of $145.74 billion, a P/E ratio of 30.44, a PEG ratio of 1.33 and a beta of 1.40. The business has a 50 day simple moving average of $4,043.91 and a two-hundred day simple moving average of $3,842.18. Booking Holdings Inc. has a 12 month low of $2,733.04 and a 12 month high of $4,395.00.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the prior year, the company earned $37.62 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. As a group, research analysts anticipate that Booking Holdings Inc. will post 177.17 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were paid a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Friday, September 6th. Booking’s dividend payout ratio is currently 24.50%.

Wall Street Analyst Weigh In

Several analysts have weighed in on BKNG shares. Wedbush boosted their price target on Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group lifted their target price on Booking from $4,350.00 to $5,050.00 and gave the stock a “buy” rating in a report on Wednesday. Oppenheimer increased their price target on shares of Booking from $4,200.00 to $5,000.00 and gave the stock an “outperform” rating in a report on Friday. JMP Securities lifted their price objective on shares of Booking from $3,950.00 to $5,000.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 15th. Finally, Barclays increased their price objective on shares of Booking from $3,900.00 to $4,500.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average price target of $4,256.89.

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.