Gladstone Institutional Advisory LLC Buys 154 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

by · The Cerbat Gem

Gladstone Institutional Advisory LLC lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 27.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 718 shares of the business services provider’s stock after acquiring an additional 154 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Booking were worth $3,025,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. bought a new position in shares of Booking in the 3rd quarter worth $25,000. Grove Bank & Trust raised its position in shares of Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after acquiring an additional 4 shares in the last quarter. POM Investment Strategies LLC bought a new position in shares of Booking in the 2nd quarter worth $28,000. Kings Path Partners LLC bought a new position in shares of Booking in the 2nd quarter worth $28,000. Finally, West Financial Advisors LLC bought a new position in shares of Booking in the 3rd quarter worth $29,000. 92.42% of the stock is owned by institutional investors.

Insider Buying and Selling at Booking

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This trade 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 can be accessed through this link. Insiders own 0.12% of the company’s stock.

Booking Trading Up 1.6 %

NASDAQ BKNG opened at $4,749.11 on Friday. The stock has a market capitalization of $159.19 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 1.45 and a beta of 1.40. Booking Holdings Inc. has a twelve month low of $2,756.39 and a twelve month high of $4,856.60. The stock has a 50-day moving average of $4,136.96 and a 200 day moving average of $3,880.99.

Booking (NASDAQ:BKNG – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $83.89 earnings per share for the quarter, topping analysts’ consensus estimates of $77.94 by $5.95. The company had revenue of $7.99 billion during the quarter, compared to analysts’ expectations of $7.63 billion. Booking had a negative return on equity of 165.63% and a net margin of 21.85%. Equities analysts predict that Booking Holdings Inc. will post 177.37 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.74%. Booking’s payout ratio is currently 23.75%.

Analysts Set New Price Targets

Several brokerages recently weighed in on BKNG. Jefferies Financial Group boosted their target price on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Tigress Financial boosted their target price on Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 9th. Morgan Stanley boosted their target price on Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a research note on Friday. B. Riley boosted their target price on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Barclays boosted their target price on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research note on Thursday. Twelve investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $4,680.18.

Check Out Our Latest Analysis on Booking

About Booking

(Free Report)

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.

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