Private Advisor Group LLC Has $10.26 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Private Advisor Group LLC lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.5% in the 3rd quarter, Holdings Channel reports. The fund owned 2,435 shares of the business services provider’s stock after acquiring an additional 60 shares during the quarter. Private Advisor Group LLC’s holdings in Booking were worth $10,256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bessemer Group Inc. boosted its position in Booking by 4,565.4% during the 1st quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock worth $227,143,000 after acquiring an additional 61,268 shares during the last quarter. Mawer Investment Management Ltd. boosted its holdings in Booking by 29.2% during the first quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock worth $702,049,000 after purchasing an additional 43,743 shares during the last quarter. 1832 Asset Management L.P. grew its position in Booking by 106.0% in the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after purchasing an additional 36,710 shares in the last quarter. AustralianSuper Pty Ltd increased its stake in Booking by 2,315.8% in the 2nd quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock valued at $145,755,000 after buying an additional 35,270 shares during the last quarter. Finally, Magnolia Capital Advisors LLC bought a new stake in Booking during the 2nd quarter worth about $125,615,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several analyst reports. DA Davidson decreased their price objective on Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 price target on shares of Booking in a research report on Monday, October 7th. Jefferies Financial Group increased their price objective on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a report on Tuesday. StockNews.com downgraded shares of Booking from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Bank of America cut their price target on shares of Booking from $3,950.00 to $3,750.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4,183.75.

Booking Price Performance

Booking stock opened at $4,338.73 on Friday. The firm has a market cap of $145.43 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 1.33 and a beta of 1.40. The stock’s fifty day moving average price is $4,029.83 and its two-hundred day moving average price is $3,838.71. Booking Holdings Inc. has a one year low of $2,733.04 and a one year high of $4,395.00.

Booking (NASDAQ:BKNG) last posted 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. The business had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. Booking’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $37.62 earnings per share. Sell-side analysts expect that Booking Holdings Inc. will post 177.17 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is currently owned by insiders.

Booking 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.