Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Leo Wealth LLC

Leo Wealth LLC lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 57.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 423 shares of the business services provider’s stock after acquiring an additional 155 shares during the quarter. Leo Wealth LLC’s holdings in Booking were worth $1,782,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Booking by 0.4% in the first quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock valued at $10,718,390,000 after purchasing an additional 12,456 shares during the period. Janus Henderson Group PLC grew its position in shares of Booking by 4.5% in the first quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock valued at $1,865,949,000 after purchasing an additional 21,969 shares during the period. Ninety One UK Ltd grew its position in shares of Booking by 3.1% in the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock valued at $1,421,069,000 after purchasing an additional 10,889 shares during the period. Mawer Investment Management Ltd. grew its position in shares of Booking by 29.2% in the first quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock valued at $702,049,000 after purchasing an additional 43,743 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Booking by 22.1% in the first quarter. Nordea Investment Management AB now owns 159,956 shares of the business services provider’s stock valued at $584,492,000 after purchasing an additional 28,904 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the company’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 sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BKNG. Tigress Financial lifted their target price on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 9th. JMP Securities raised their price target on shares of Booking from $3,950.00 to $5,000.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 15th. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Oppenheimer reduced their target price on shares of 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. Finally, B. Riley reduced their target price on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4,133.75.

Booking Price Performance

Shares of NASDAQ:BKNG traded up $18.62 during trading on Tuesday, hitting $4,382.34. 56,786 shares of the company were exchanged, compared to its average volume of 245,729. The stock has a market capitalization of $148.68 billion, a P/E ratio of 32.73, a PEG ratio of 1.31 and a beta of 1.40. Booking Holdings Inc. has a 12-month low of $2,733.04 and a 12-month high of $4,394.95. The firm’s 50 day moving average price is $3,998.82 and its 200-day moving average price is $3,829.91.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping the consensus estimate of $39.22 by $2.68. The business had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $37.62 EPS. As a group, equities research analysts anticipate that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a dividend of $8.75 per share. The ex-dividend date was Friday, September 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.80%. Booking’s dividend payout ratio is presently 26.25%.

Booking 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.