Continuum Advisory LLC Buys 14 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Continuum Advisory LLC grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 12.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128 shares of the business services provider’s stock after buying an additional 14 shares during the period. Continuum Advisory LLC’s holdings in Booking were worth $507,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Naples Money Management LLC bought a new position in shares of Booking in the fourth quarter worth $25,000. ICA Group Wealth Management LLC purchased a new position in Booking during the fourth quarter worth about $25,000. Pacific Capital Wealth Advisors Inc. bought a new position in Booking in the 4th quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Booking in the 2nd quarter valued at about $32,000. Finally, Transcendent Capital Group LLC purchased a new position in shares of Booking during the fourth quarter worth about $35,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Booking from $3,497.00 to $3,976.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Booking from $4,275.00 to $4,105.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Bank of America cut their price target on shares of Booking from $3,950.00 to $3,750.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. HSBC lifted their price objective on Booking from $4,220.00 to $4,230.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, Tigress Financial raised their price target on Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 9th. Eight equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average target price of $4,068.32.

Booking Trading Up 0.3 %

NASDAQ:BKNG traded up $11.55 on Tuesday, reaching $3,713.56. 8,681 shares of the stock traded hands, compared to its average volume of 258,054. The company’s fifty day simple moving average is $3,808.44 and its 200 day simple moving average is $3,689.57. The company has a market capitalization of $125.99 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.09 and a beta of 1.38. Booking Holdings Inc. has a 12 month low of $2,733.04 and a 12 month high of $4,144.32.

Booking (NASDAQ:BKNG) last announced 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. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The company had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same period in the previous year, the business earned $37.62 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts anticipate that Booking Holdings Inc. will post 177.09 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Friday, September 6th. Booking’s dividend payout ratio (DPR) is 26.25%.

Insider Buying and Selling at Booking

In related news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the sale, the chief executive officer now owns 24,721 shares in the company, valued at $100,556,375.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.12% of the company’s stock.

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.