SeaCrest Wealth Management LLC Invests $202,000 in Booking Holdings Inc. (NASDAQ:BKNG)

SeaCrest Wealth Management LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the third quarter, HoldingsChannel reports. The fund bought 48 shares of the business services provider’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC raised its position in shares of Booking by 0.5% in the 1st 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 period. RFG Advisory LLC purchased a new stake in shares of Booking during the 1st quarter worth about $528,000. Rockland Trust Co. increased its position in Booking by 13.6% during the 1st quarter. Rockland Trust Co. now owns 100 shares of the business services provider’s stock worth $363,000 after purchasing an additional 12 shares in the last quarter. &PARTNERS purchased a new position in Booking in the first quarter valued at approximately $290,000. Finally, Unique Wealth LLC raised its holdings in Booking by 47.8% in the first quarter. Unique Wealth LLC now owns 396 shares of the business services provider’s stock valued at $1,437,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BKNG shares. Bank of America dropped their price objective on shares of Booking from $3,950.00 to $3,750.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research report on Wednesday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a research report on Monday, October 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $3,900.00 target price on shares of Booking in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target 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 equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4,130.18.

Booking Stock Performance

BKNG opened at $4,350.82 on Friday. The stock has a 50-day moving average of $3,980.33 and a 200-day moving average of $3,820.86. Booking Holdings Inc. has a 52-week low of $2,733.04 and a 52-week high of $4,394.95. The company has a market cap of $145.84 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released 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 net margin of 22.46% and a negative return on equity of 200.87%. The company had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same quarter last year, the firm posted $37.62 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts predict that Booking Holdings Inc. will post 176.92 earnings per share for the current year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Friday, September 6th. Booking’s dividend payout ratio is 24.50%.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction dated Tuesday, August 27th. The stock was 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. The trade was 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 this hyperlink. Corporate 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.