Princeton Global Asset Management LLC Raises Position in Booking Holdings Inc. (NASDAQ:BKNG)

Princeton Global Asset Management LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 775 shares of the business services provider’s stock after acquiring an additional 26 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Booking were worth $3,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Booking by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock valued at $10,718,390,000 after purchasing an additional 12,456 shares during the period. Janus Henderson Group PLC raised its position in shares of Booking by 4.5% during the 1st quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock valued at $1,865,949,000 after purchasing an additional 21,969 shares during the period. Ninety One UK Ltd raised 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 purchasing an additional 10,889 shares during the period. Mawer Investment Management Ltd. raised 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 purchasing an additional 43,743 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Booking during the 3rd quarter valued at $5,322,600,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on BKNG. StockNews.com downgraded shares of Booking from a “buy” rating to a “hold” rating in a research report on Friday. Truist Financial began coverage on shares of Booking in a research report on Friday, September 6th. They set a “hold” rating and a $4,100.00 price objective on the stock. DA Davidson raised their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research report on Thursday. The Goldman Sachs Group lifted their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday. Finally, B. Riley lifted their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a report on Thursday. Twelve analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average price target of $4,680.18.

Booking Trading Up 1.6 %

BKNG stock opened at $4,749.11 on Friday. Booking Holdings Inc. has a 12 month low of $2,756.39 and a 12 month high of $4,856.60. The company has a 50-day moving average price of $4,136.96 and a 200 day moving average price of $3,883.88. The stock has a market cap of $157.20 billion, a PE ratio of 32.23, a P/E/G ratio of 1.52 and a beta of 1.38.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $83.89 EPS for the quarter, topping analysts’ consensus estimates of $77.94 by $5.95. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. The firm had revenue of $7.99 billion during the quarter, compared to analysts’ expectations of $7.63 billion. Sell-side analysts forecast that Booking Holdings Inc. will post 177.79 EPS for the current year.

Booking Announces Dividend

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

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were 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 directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is owned by corporate insiders.

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.