Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by HS Management Partners LLC

HS Management Partners LLC cut its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 18.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,903 shares of the business services provider’s stock after selling 4,808 shares during the period. Booking accounts for about 5.9% of HS Management Partners LLC’s portfolio, making the stock its 4th largest position. HS Management Partners LLC owned about 0.07% of Booking worth $92,258,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Roman Butler Fullerton & Co. acquired a new stake in Booking in the 3rd quarter worth approximately $253,000. Robeco Institutional Asset Management B.V. boosted its stake in Booking by 0.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 90,510 shares of the business services provider’s stock worth $381,239,000 after purchasing an additional 653 shares in the last quarter. BSW Wealth Partners lifted its stake in Booking by 6.1% during the 3rd quarter. BSW Wealth Partners now owns 192 shares of the business services provider’s stock valued at $809,000 after acquiring an additional 11 shares during the period. Angeles Wealth Management LLC lifted its stake in Booking by 20.7% during the 3rd quarter. Angeles Wealth Management LLC now owns 227 shares of the business services provider’s stock valued at $956,000 after acquiring an additional 39 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in Booking by 1.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,137 shares of the business services provider’s stock valued at $4,789,000 after acquiring an additional 14 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Booking news, insider Paulo Pisano sold 100 shares of the company’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 transaction, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.12% of the company’s stock.

Booking Trading Up 1.6 %

Shares of BKNG stock opened at $4,749.11 on Monday. The company’s 50-day moving average price is $4,136.96 and its 200-day moving average price is $3,886.98. The stock has a market cap of $157.20 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 1.52 and a beta of 1.38. Booking Holdings Inc. has a twelve month low of $2,756.39 and a twelve month high of $4,856.60.

Booking (NASDAQ:BKNG) last announced its quarterly 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 21.85% and a negative return on equity of 166.06%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $37.62 EPS. As a group, equities research analysts predict that Booking Holdings Inc. will post 177.79 EPS for the current year.

Booking Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JMP Securities lifted their price objective on shares of Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a research note on Friday. Truist Financial assumed coverage on shares of Booking in a research note on Friday, September 6th. They set a “hold” rating and a $4,100.00 price objective for the company. Mizuho lifted their price objective on shares of Booking from $4,250.00 to $4,800.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Wedbush lifted their price objective on shares of Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday. Twelve analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4,680.18.

Booking Company 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.