Booking Holdings Inc. $BKNG Shares Purchased by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors increased its Booking Holdings position by 4.3% in the third quarter, bringing its holdings to 308,285 shares valued at approximately $50.2 million. Institutional investors collectively own 92.42% of BKNG.
• Booking reported quarterly EPS of $2.54, exceeding estimates of $2.43, while revenue reached $7.35 billion, up 8.1% year over year and above expectations.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $233.71, while Booking pays a quarterly dividend of $0.42, equivalent to a 1.0% yield.

Nisa Investment Advisors LLC raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 308,285 shares of the business services provider's stock after purchasing an additional 12,760 shares during the period. Nisa Investment Advisors LLC's holdings in Booking were worth $50,223,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SHP Wealth Management acquired a new stake in shares of Booking in the fourth quarter valued at approximately $105,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Booking during the fourth quarter valued at approximately $123,000. Cardinal Point Capital Management ULC acquired a new position in shares of Booking during the first quarter worth approximately $295,000. Kapitalo Investimentos Ltda acquired a new position in shares of Booking during the first quarter worth approximately $345,000. Finally, Alesco Advisors LLC An ESL Co acquired a new position in shares of Booking during the first quarter worth approximately $400,000. Institutional investors own 92.42% of the company's stock.

Booking Stock Up 0.8%

NASDAQ:BKNG opened at $163.92 on Wednesday. The business's 50-day moving average price is $180.09 and its 200 day moving average price is $177.47. The firm has a market cap of $123.17 billion, a P/E ratio of 18.14, a PEG ratio of 1.01 and a beta of 1.13. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $220.81.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, topping the consensus estimate of $2.43 by $0.11. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The firm had revenue of $7.35 billion for the quarter, compared to analysts' expectations of $7.19 billion. During the same period in the previous year, the business earned $55.40 earnings per share. Booking's revenue for the quarter was up 8.1% compared to the same quarter last year. Sell-side analysts expect that Booking Holdings Inc. will post 10.48 EPS for the current year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.68 annualized dividend and a dividend yield of 1.0%. Booking's payout ratio is currently 18.58%.

Analyst Ratings Changes

BKNG has been the subject of a number of recent analyst reports. Sanford C. Bernstein reissued a "market perform" rating and issued a $188.00 price objective on shares of Booking in a report on Wednesday, August 26th. Argus lifted their target price on Booking from $210.00 to $245.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Robert W. Baird set a $230.00 price target on Booking in a research report on Wednesday, August 5th. Wedbush boosted their price target on Booking from $211.00 to $247.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Finally, UBS Group increased their price target on Booking from $266.00 to $274.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $233.71.

Insider Buying and Selling

In other news, Director Robert Mylod, Jr. sold 5,000 shares of Booking stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $200.00, for a total value of $1,000,000.00. Following the transaction, the director owned 16,000 shares of the company's stock, valued at $3,200,000. The trade was a 23.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ewout L. Steenbergen sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $211.03, for a total transaction of $4,220,600.00. Following the completion of the sale, the chief financial officer owned 59,794 shares in the company, valued at $12,618,327.82. The trade was a 25.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 84,550 shares of company stock worth $17,426,864. 0.17% of the stock is owned by insiders.

Booking Profile

Booking Holdings Inc is a global online travel and restaurant-reservation company that connects consumers with travel providers through digital platforms and mobile applications. Its services include accommodations, flights, rental cars, cruises, vacation packages, restaurant reservations and other travel-related offerings.

The company operates a portfolio of well-known brands, including Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and Kayak-associated travel services.

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