Thompson Siegel & Walmsley LLC Buys 364 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Thompson Siegel & Walmsley LLC grew its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 40.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,255 shares of the business services provider’s stock after purchasing an additional 364 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Booking were worth $4,972,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BKNG. Global Assets Advisory LLC purchased a new stake in Booking in the first quarter worth about $401,371,000. BlueSpruce Investments LP bought a new position in shares of Booking in the 4th quarter worth approximately $220,080,000. Bessemer Group Inc. lifted its stake in shares of Booking by 4,565.4% in the 1st quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock valued at $227,143,000 after purchasing an additional 61,268 shares during the period. Morningstar Investment Services LLC boosted its position in shares of Booking by 96.3% during the fourth quarter. Morningstar Investment Services LLC now owns 113,572 shares of the business services provider’s stock valued at $403,233,000 after purchasing an additional 55,716 shares in the last quarter. Finally, Mawer Investment Management Ltd. grew its stake in Booking by 29.2% in the first quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock worth $702,049,000 after purchasing an additional 43,743 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Booking news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the sale, the chief executive officer now directly owns 24,721 shares in the company, valued at $100,556,375.65. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction that occurred on 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 disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BKNG shares. Morgan Stanley boosted their target price on shares of Booking from $4,000.00 to $4,200.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. Wells Fargo & Company lifted their target price on shares of Booking from $3,497.00 to $3,976.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. DA Davidson cut their price target on Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Argus lifted their price objective on Booking from $4,200.00 to $4,342.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, Oppenheimer cut their target price on Booking from $4,600.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,064.21.

Booking Stock Performance

BKNG stock opened at $3,932.59 on Monday. The company’s fifty day moving average price is $3,767.76 and its 200-day moving average price is $3,709.27. Booking Holdings Inc. has a one year low of $2,733.04 and a one year high of $4,144.32. The company has a market capitalization of $131.82 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 1.17 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating the consensus estimate of $39.22 by $2.68. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The business had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the prior year, the firm earned $37.62 EPS. The business’s revenue was up 7.3% on a year-over-year basis. On average, research analysts predict that Booking Holdings Inc. will post 176.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Friday, September 6th. Booking’s payout ratio is 26.25%.

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.