Los Angeles Capital Management LLC Sells 142 Shares of Booking Holdings Inc. $BKNG

Los Angeles Capital Management LLC cut its position in Booking Holdings Inc. (NASDAQ:BKNG) by 0.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 45,355 shares of the business services provider’s stock after selling 142 shares during the quarter. Booking accounts for 0.8% of Los Angeles Capital Management LLC’s investment portfolio, making the stock its 18th largest holding. Los Angeles Capital Management LLC’s holdings in Booking were worth $244,884,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Booking by 150.0% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock worth $27,000 after acquiring an additional 3 shares in the last quarter. Atwood & Palmer Inc. acquired a new position in Booking in the second quarter worth $29,000. Westside Investment Management Inc. grew its holdings in shares of Booking by 400.0% during the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after purchasing an additional 4 shares during the last quarter. O Brien Wealth Partners LLC bought a new stake in shares of Booking during the second quarter worth $35,000. Finally, First PREMIER Bank increased its stake in shares of Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after buying an additional 3 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on BKNG shares. Morgan Stanley set a $6,150.00 price target on shares of Booking in a research report on Wednesday, October 29th. The Goldman Sachs Group boosted their target price on shares of Booking from $5,640.00 to $6,050.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Wall Street Zen lowered shares of Booking from a “buy” rating to a “hold” rating in a research report on Saturday. BNP Paribas Exane initiated coverage on shares of Booking in a research note on Monday, November 24th. They set an “outperform” rating and a $6,100.00 price target on the stock. Finally, KeyCorp boosted their price objective on shares of Booking from $6,450.00 to $6,630.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and an average price target of $6,149.23.

Booking Stock Down 0.3%

BKNG opened at $5,427.15 on Wednesday. The stock has a market cap of $174.92 billion, a P/E ratio of 35.27, a P/E/G ratio of 1.37 and a beta of 1.25. The company has a fifty day simple moving average of $5,116.39 and a 200 day simple moving average of $5,370.96. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The company had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $83.39 earnings per share. On average, equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be given a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking’s payout ratio is 24.96%.

Insider Buying and Selling at Booking

In related news, Director Robert J. Mylod, Jr. sold 40 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the sale, the director owned 960 shares in the company, valued at approximately $4,800,000. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $5,030.00, for a total value of $75,450.00. Following the completion of the transaction, the director owned 717 shares of the company’s stock, valued at approximately $3,606,510. This represents a 2.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,324 shares of company stock valued at $17,193,557. Corporate insiders own 0.16% of the company’s stock.

Booking Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.