RDA Financial Network Has $1.28 Million Stock Position in Booking Holdings Inc. $BKNG

RDA Financial Network raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 537.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236 shares of the business services provider’s stock after acquiring an additional 199 shares during the period. RDA Financial Network’s holdings in Booking were worth $1,276,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in Booking in the 2nd quarter valued at $2,210,917,000. Laurel Wealth Advisors LLC lifted its stake in shares of Booking by 578,824.0% in the second quarter. Laurel Wealth Advisors LLC now owns 289,462 shares of the business services provider’s stock valued at $1,675,765,000 after buying an additional 289,412 shares during the period. Vestor Capital LLC lifted its stake in shares of Booking by 658,925.0% in the second quarter. Vestor Capital LLC now owns 105,444 shares of the business services provider’s stock valued at $610,441,000 after buying an additional 105,428 shares during the period. Symphony Financial Ltd. Co. bought a new position in Booking during the second quarter valued at about $536,675,000. Finally, AQR Capital Management LLC increased its stake in Booking by 79.4% during the first quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock valued at $695,259,000 after acquiring an additional 68,243 shares during the period. 92.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of research reports. The Goldman Sachs Group raised their price objective on Booking from $5,640.00 to $6,050.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Mizuho set a $6,000.00 target price on Booking in a research report on Wednesday, October 29th. Rothschild & Co Redburn lifted their price target on shares of Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. UBS Group set a $6,806.00 price target on shares of Booking and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, B. Riley raised their price objective on shares of Booking from $6,700.00 to $6,800.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One equities 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 company’s stock. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average price target of $6,149.23.

Booking Price Performance

Booking stock opened at $5,340.98 on Thursday. The firm has a market capitalization of $172.14 billion, a P/E ratio of 34.71, a P/E/G ratio of 1.37 and a beta of 1.25. The stock has a fifty day moving average price of $5,069.87 and a two-hundred day moving average price of $5,377.19. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41.

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

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be paid a $9.60 dividend. The ex-dividend date is Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking’s payout ratio is 24.96%.

Insider Activity at Booking

In other news, Director Vanessa Ames Wittman sold 15 shares of the 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 transaction of $75,450.00. Following the sale, the director directly owned 717 shares of the company’s stock, valued at $3,606,510. This represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert J. Mylod, Jr. sold 40 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the completion of the sale, the director directly owned 960 shares of the company’s stock, valued at approximately $4,800,000. This represents a 4.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,324 shares of company stock worth $17,193,557 in the last 90 days. Corporate insiders own 0.16% 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.