Rational Advisors LLC Buys 179 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Rational Advisors LLC raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 14.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,400 shares of the business services provider’s stock after buying an additional 179 shares during the period. Rational Advisors LLC’s holdings in Booking were worth $5,546,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. ICA Group Wealth Management LLC purchased a new position in Booking during the 4th quarter worth approximately $25,000. Grove Bank & Trust lifted its position in Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC purchased a new stake in Booking in the second quarter valued at $28,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Booking during the 4th quarter worth about $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Booking in the 2nd quarter valued at about $32,000. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. StockNews.com lowered Booking from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Oppenheimer reduced their price objective on shares of Booking from $4,600.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Benchmark reduced their target price on Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Morgan Stanley lifted their target price on shares of Booking from $3,700.00 to $4,000.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Eight 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 MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus price target of $4,068.32.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the sale, the chief executive officer now owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is currently owned by insiders.

Booking Stock Down 0.9 %

Booking stock traded down $32.69 during mid-day trading on Monday, reaching $3,797.89. 219,234 shares of the company’s stock were exchanged, compared to its average volume of 258,135. Booking Holdings Inc. has a twelve month low of $2,733.04 and a twelve month high of $4,144.32. The company has a fifty day moving average of $3,798.52 and a 200-day moving average of $3,692.78. The company has a market cap of $128.85 billion, a P/E ratio of 28.48, a P/E/G ratio of 1.10 and a beta of 1.38.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, beating the consensus estimate of $39.22 by $2.68. The firm had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $37.62 earnings per share. Equities research analysts expect that Booking Holdings Inc. will post 177.09 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, September 6th. Booking’s payout ratio is 26.25%.

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.