K.J. Harrison & Partners Inc Acquires New Stake in Booking Holdings Inc. (NASDAQ:BKNG)

K.J. Harrison & Partners Inc acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the fourth quarter, Holdings Channel reports. The firm acquired 164 shares of the business services provider’s stock, valued at approximately $582,000.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management acquired a new position in shares of Booking during the fourth quarter valued at approximately $25,000. Naples Money Management LLC bought a new stake in Booking during the fourth quarter worth approximately $25,000. Valued Wealth Advisors LLC bought a new stake in Booking during the fourth quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in Booking during the fourth quarter worth approximately $28,000. Finally, Bourgeon Capital Management LLC bought a new stake in Booking during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BKNG. Erste Group Bank restated a “hold” rating on shares of Booking in a report on Wednesday, March 13th. Barclays reduced their target price on shares of Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a report on Friday, February 23rd. UBS Group raised their target price on shares of Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a report on Monday, February 5th. JPMorgan Chase & Co. lifted their price objective on shares of Booking from $3,560.00 to $3,950.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating on the stock in a research report on Friday, February 23rd. Seven research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $3,723.41.

Booking Price Performance

Shares of BKNG stock traded up $18.60 on Friday, hitting $3,521.08. The company’s stock had a trading volume of 146,026 shares, compared to its average volume of 193,606. Booking Holdings Inc. has a fifty-two week low of $2,456.93 and a fifty-two week high of $3,918.00. The firm’s fifty day moving average price is $3,547.11 and its 200-day moving average price is $3,383.62. The stock has a market capitalization of $119.79 billion, a price-to-earnings ratio of 29.85, a P/E/G ratio of 1.06 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, topping analysts’ consensus estimates of $29.72 by $2.28. The firm had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.71 billion. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The business’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $24.74 EPS. Analysts predict that Booking Holdings Inc. will post 176.1 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Thursday, March 7th. Booking’s dividend payout ratio is 29.67%.

Insiders Place Their Bets

In other Booking news, Director Radakovich Lynn Vojvodich sold 59 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the completion of the transaction, the director now owns 289 shares of the company’s stock, valued at approximately $1,069,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Radakovich Lynn Vojvodich sold 59 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the completion of the transaction, the director now owns 289 shares of the company’s stock, valued at $1,069,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paulo Pisano sold 300 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the transaction, the insider now directly owns 4,233 shares of the company’s stock, valued at approximately $14,752,005. The disclosure for this sale can be found here. Insiders sold a total of 5,461 shares of company stock valued at $18,815,825 in the last quarter. Insiders own 0.15% of the company’s stock.

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.