Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Carmichael Hill & Associates Inc.

Carmichael Hill & Associates Inc. boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 66.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10 shares of the business services provider’s stock after acquiring an additional 4 shares during the period. Carmichael Hill & Associates Inc.’s holdings in Booking were worth $42,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in BKNG. CreativeOne Wealth LLC purchased a new position in shares of Booking during the first quarter worth $537,000. BDF Gestion purchased a new position in Booking in the second quarter valued at $6,897,000. Gamco Investors INC. ET AL purchased a new position in Booking in the first quarter valued at $519,000. CWM LLC boosted its holdings in Booking by 11.8% in the second quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock valued at $10,423,000 after purchasing an additional 277 shares during the period. Finally, Claro Advisors LLC boosted its holdings in Booking by 16,668.9% in the third quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock valued at $63,569,000 after purchasing an additional 15,002 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BKNG. B. Riley lifted their target price on Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a report on Thursday. Evercore ISI decreased their target price on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. StockNews.com lowered Booking from a “buy” rating to a “hold” rating in a report on Friday. JMP Securities raised their price target on Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a research note on Friday. Finally, Benchmark restated a “buy” rating and issued a $4,600.00 price target on shares of Booking in a research note on Tuesday, October 29th. Twelve equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $4,680.18.

Booking Stock Up 1.6 %

Shares of BKNG stock opened at $4,749.11 on Monday. Booking Holdings Inc. has a 52-week low of $2,756.39 and a 52-week high of $4,856.60. The stock’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 capitalization of $157.20 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.38.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. The company had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same quarter in the previous year, the company earned $37.62 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts expect that Booking Holdings Inc. will post 177.79 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Friday, December 6th. 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 Booking 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 sale, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is owned by corporate insiders.

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.