10,059 Shares in Booking Holdings Inc. $BKNG Acquired by Natixis

Natixis bought a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,059 shares of the business services provider’s stock, valued at approximately $58,234,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BKNG. Wealth Preservation Advisors LLC bought a new stake in shares of Booking in the first quarter worth $28,000. Atwood & Palmer Inc. purchased a new position in Booking in the second quarter worth about $29,000. Westside Investment Management Inc. grew its stake in shares of Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 4 shares during the period. Keystone Global Partners LLC purchased a new stake in shares of Booking during the 1st quarter valued at about $32,000. Finally, O Brien Wealth Partners LLC bought a new position in shares of Booking in the 2nd quarter worth approximately $35,000. 92.42% of the stock is owned by institutional investors.

Booking Stock Up 3.4%

NASDAQ:BKNG opened at $5,197.04 on Monday. The business’s 50-day simple moving average is $5,077.33 and its two-hundred day simple moving average is $5,383.16. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The stock has a market cap of $167.50 billion, a PE ratio of 33.78, a P/E/G ratio of 1.31 and a beta of 1.25.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The firm had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $8.71 billion. During the same quarter last year, the business posted $83.39 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. Sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

Analyst Ratings Changes

BKNG has been the subject of several recent research reports. Rothschild & Co Redburn boosted their target price on shares of Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Wells Fargo & Company boosted their price objective on shares of Booking from $5,443.00 to $5,523.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Cowen restated a “buy” rating on shares of Booking in a research note on Wednesday. KeyCorp lifted their target price on Booking from $6,450.00 to $6,630.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, Mizuho set a $6,000.00 price target on Booking in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $6,146.23.

Insider Transactions at Booking

In related news, Director Larry Quinlan sold 64 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the transaction, the director directly owned 131 shares of the company’s stock, valued at approximately $722,045.80. This represents a 32.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the transaction, the chief executive officer owned 23,607 shares of the company’s stock, valued at $130,237,930.44. This represents a 4.11% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 3,388 shares of company stock valued at $17,629,822. 0.16% of the stock is owned by corporate insiders.

About Booking

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.