Inscription Capital LLC Increases Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Inscription Capital LLC boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 168 shares of the business services provider’s stock after acquiring an additional 11 shares during the quarter. Inscription Capital LLC’s holdings in Booking were worth $709,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Hexagon Capital Partners LLC boosted its stake in shares of Booking by 30.0% during the first quarter. Hexagon Capital Partners LLC now owns 13 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 3 shares during the period. Capital Advisors Ltd. LLC grew its stake in Booking by 14.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 24 shares of the business services provider’s stock worth $87,000 after acquiring an additional 3 shares in the last quarter. Proficio Capital Partners LLC grew its stake in Booking by 1.9% in the 1st quarter. Proficio Capital Partners LLC now owns 157 shares of the business services provider’s stock worth $570,000 after acquiring an additional 3 shares in the last quarter. Team Hewins LLC increased its position in shares of Booking by 1.7% during the first quarter. Team Hewins LLC now owns 182 shares of the business services provider’s stock worth $660,000 after acquiring an additional 3 shares during the period. Finally, Csenge Advisory Group raised its stake in shares of Booking by 4.7% during the first quarter. Csenge Advisory Group now owns 67 shares of the business services provider’s stock valued at $243,000 after acquiring an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

BKNG has been the topic of several research analyst reports. Wells Fargo & Company increased their price objective on Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Tigress Financial raised their price target on Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 9th. Mizuho lifted their price objective on Booking from $4,250.00 to $4,800.00 and gave the company an “outperform” rating in a report on Thursday. Evercore ISI dropped their target price on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, Oppenheimer boosted their price target on shares of Booking from $4,200.00 to $5,000.00 and gave the company an “outperform” rating in a report on Friday. Eleven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $4,256.89.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the business’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 transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.12% of the company’s stock.

Booking Price Performance

NASDAQ:BKNG traded up $2.17 during midday trading on Monday, hitting $4,349.99. The company’s stock had a trading volume of 15,042 shares, compared to its average volume of 243,742. Booking Holdings Inc. has a fifty-two week low of $2,756.13 and a fifty-two week high of $4,395.00. The firm has a market cap of $147.59 billion, a P/E ratio of 32.61, a P/E/G ratio of 1.33 and a beta of 1.40. The firm’s 50 day moving average is $4,058.49 and its 200-day moving average is $3,851.08.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. The firm had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $37.62 earnings per share. As a group, analysts forecast that Booking Holdings Inc. will post 177.17 EPS for the current year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were given a $8.75 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $35.00 annualized dividend and a 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.