Booking Holdings Inc. $BKNG Shares Purchased by Quantinno Capital Management LP

by · The Markets Daily

Quantinno Capital Management LP raised its stake in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 20.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,701 shares of the business services provider’s stock after purchasing an additional 1,826 shares during the period. Quantinno Capital Management LP’s holdings in Booking were worth $61,956,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its stake in Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after acquiring an additional 65 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Booking during the fourth quarter worth about $209,000. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Booking by 3.5% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,038 shares of the business services provider’s stock worth $4,782,000 after purchasing an additional 35 shares in the last quarter. Financial Network Wealth Advisors LLC lifted its holdings in shares of Booking by 116.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 13 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 7 shares during the last quarter. Finally, Ted Buchan & Co boosted its position in shares of Booking by 2.4% in the 1st quarter. Ted Buchan & Co now owns 252 shares of the business services provider’s stock valued at $1,161,000 after purchasing an additional 6 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 200 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total value of $1,000,000.00. Following the completion of the transaction, the insider directly owned 1,514 shares of the company’s stock, valued at approximately $7,570,000. This trade represents a 11.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert J. Mylod, Jr. sold 40 shares of Booking stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the sale, the director owned 960 shares of the company’s stock, valued at approximately $4,800,000. The trade was a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 3,388 shares of company stock worth $17,629,822. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. KeyCorp boosted their price objective on Booking from $6,450.00 to $6,630.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Wedbush upgraded shares of Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 price target for the company in a research report on Thursday, November 13th. Seaport Global Securities raised their price objective on shares of Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Booking in a research note on Monday. Finally, The Goldman Sachs Group increased their target price on shares of Booking from $5,640.00 to $6,050.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $6,149.23.

View Our Latest Stock Report on Booking

Booking Trading Up 0.0%

Shares of BKNG opened at $5,279.68 on Friday. The stock’s 50 day moving average is $5,063.35 and its two-hundred day moving average is $5,379.61. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The firm has a market capitalization of $170.16 billion, a PE ratio of 34.31, a P/E/G ratio of 1.33 and a beta of 1.25.

Booking (NASDAQ:BKNG – Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating the consensus estimate of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $8.71 billion. During the same period last year, the firm earned $83.39 EPS. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, sell-side analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, December 5th. Booking’s payout ratio is presently 24.96%.

Booking Company Profile

(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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