Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by X Square Capital LLC

X Square Capital LLC grew its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 19.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 383 shares of the business services provider’s stock after purchasing an additional 62 shares during the quarter. X Square Capital LLC’s holdings in Booking were worth $1,614,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Great Lakes Retirement Inc. raised its stake in shares of Booking by 5.4% in the 3rd quarter. Great Lakes Retirement Inc. now owns 310 shares of the business services provider’s stock valued at $1,304,000 after purchasing an additional 16 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Booking in the 3rd quarter valued at about $5,322,600,000. McAdam LLC bought a new stake in shares of Booking during the 3rd quarter valued at about $202,000. Bank Pictet & Cie Europe AG grew its position in shares of Booking by 2.1% during the 3rd quarter. Bank Pictet & Cie Europe AG now owns 1,731 shares of the business services provider’s stock valued at $7,291,000 after buying an additional 35 shares during the last quarter. Finally, Lecap Asset Management Ltd. grew its position in shares of Booking by 15.4% during the 3rd quarter. Lecap Asset Management Ltd. now owns 232 shares of the business services provider’s stock valued at $977,000 after buying an additional 31 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Oppenheimer lowered their price objective on shares of Booking from $4,600.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. B. Riley lowered their price objective on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Morgan Stanley boosted their price objective on shares of Booking from $4,000.00 to $4,200.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. Tigress Financial boosted their price objective 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. Finally, StockNews.com downgraded shares of Booking from a “buy” rating to a “hold” rating in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $4,164.11.

Booking Price Performance

BKNG stock opened at $4,313.01 on Thursday. Booking Holdings Inc. has a 12 month low of $2,733.04 and a 12 month high of $4,395.00. The firm has a market cap of $146.33 billion, a PE ratio of 32.35, a P/E/G ratio of 1.33 and a beta of 1.40. The firm has a 50 day simple moving average of $4,029.83 and a 200 day simple moving average of $3,838.71.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results 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. 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 firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $37.62 EPS. As a group, sell-side analysts expect that Booking Holdings Inc. will post 177.05 earnings per share for the current year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were given a $8.75 dividend. The ex-dividend date was Friday, September 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.81%. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the company’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 transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is owned by 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.