Dock Street Asset Management Inc. Acquires 71 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Dock Street Asset Management Inc. increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,700 shares of the business services provider’s stock after buying an additional 71 shares during the quarter. Booking comprises approximately 3.2% of Dock Street Asset Management Inc.’s portfolio, making the stock its 12th biggest position. Dock Street Asset Management Inc.’s holdings in Booking were worth $24,009,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BKNG. Vanguard Group Inc. boosted its position in Booking by 0.4% in the first quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock worth $10,718,390,000 after purchasing an additional 12,456 shares during the last quarter. Janus Henderson Group PLC boosted its position in Booking by 4.5% in the first quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock worth $1,865,949,000 after purchasing an additional 21,969 shares during the last quarter. Ninety One UK Ltd lifted its position in shares of Booking by 3.1% during the 2nd quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock valued at $1,421,069,000 after buying an additional 10,889 shares in the last quarter. Mawer Investment Management Ltd. lifted its position in shares of Booking by 29.2% during the 1st quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock valued at $702,049,000 after buying an additional 43,743 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Booking by 22.1% during the 1st quarter. Nordea Investment Management AB now owns 159,956 shares of the business services provider’s stock valued at $584,492,000 after buying an additional 28,904 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Insider Activity

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. Company insiders own 0.12% of the company’s stock.

Booking Price Performance

BKNG stock traded up $8.64 during mid-day trading on Tuesday, reaching $4,372.36. 31,419 shares of the company’s stock were exchanged, compared to its average volume of 245,605. The company has a market cap of $148.35 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The stock’s 50 day moving average is $3,998.82 and its 200 day moving average is $3,829.91. Booking Holdings Inc. has a 12-month low of $2,733.04 and a 12-month high of $4,394.95.

Booking (NASDAQ:BKNG) last released 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 business had revenue of $5.86 billion for 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%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $37.62 earnings per share. On average, research analysts forecast that Booking Holdings Inc. will post 176.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a $8.75 dividend. The ex-dividend date was Friday, September 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.80%. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BKNG. JPMorgan Chase & Co. lowered their price objective on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock 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, October 16th. Truist Financial assumed coverage on Booking in a research report on Friday, September 6th. They set a “hold” rating and a $4,100.00 target price on the stock. Wells Fargo & Company boosted their target price on Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Bank of America cut their target price on Booking from $3,950.00 to $3,750.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $4,133.75.

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.