Claro Advisors LLC Boosts Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Claro Advisors LLC grew its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 16,668.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,092 shares of the business services provider's stock after buying an additional 15,002 shares during the period. Booking makes up approximately 6.1% of Claro Advisors LLC's holdings, making the stock its biggest position. Claro Advisors LLC's holdings in Booking were worth $63,569,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Jamison Private Wealth Management Inc. bought a new position in shares of Booking in the third quarter worth about $25,000. Grove Bank & Trust increased its stake in shares of Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider's stock worth $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC bought a new position in shares of Booking in the second quarter worth about $28,000. Kings Path Partners LLC bought a new position in shares of Booking in the second quarter worth about $28,000. Finally, West Financial Advisors LLC bought a new position in shares of Booking in the third quarter worth about $29,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.12% of the company's stock.

Booking Price Performance

Shares of BKNG traded down $19.95 on Friday, hitting $4,350.82. The company's stock had a trading volume of 146,107 shares, compared to its average volume of 194,683. The company has a market capitalization of $145.84 billion, a PE ratio of 30.46, a PEG ratio of 1.31 and a beta of 1.40. Booking Holdings Inc. has a fifty-two week low of $2,733.04 and a fifty-two week high of $4,394.95. The company has a 50 day moving average price of $3,962.18 and a 200 day moving average price of $3,815.43.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating 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 negative return on equity of 200.87% and a net margin of 22.46%. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $37.62 EPS. On average, equities analysts forecast that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Dividend Announcement

The company 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 was Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.80%. Booking's payout ratio is 24.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BKNG shares. Jefferies Financial Group lowered Booking from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $4,350.00 to $4,200.00 in a research note on Wednesday, September 4th. Wedbush boosted their price target on Booking from $3,850.00 to $4,200.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. DA Davidson lowered their price target on Booking from $4,150.00 to $4,100.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Bank of America lowered their price target on Booking from $3,950.00 to $3,750.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Finally, B. Riley lowered their price target on Booking from $4,900.00 to $4,650.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $4,130.18.

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.