Angeles Investment Advisors LLC Acquires Shares of 49 Booking Holdings Inc. (NASDAQ:BKNG)

Angeles Investment Advisors LLC acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 49 shares of the business services provider’s stock, valued at approximately $206,000.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in Booking in the third quarter worth about $5,322,600,000. Bessemer Group Inc. lifted its position in Booking by 4,565.4% in the 1st quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock valued at $227,143,000 after acquiring an additional 61,268 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in Booking by 106.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after purchasing an additional 36,710 shares during the last quarter. AustralianSuper Pty Ltd increased its holdings in shares of Booking by 2,315.8% in the 2nd quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock worth $145,755,000 after purchasing an additional 35,270 shares in the last quarter. Finally, Magnolia Capital Advisors LLC purchased a new position in shares of Booking in the second quarter worth $125,615,000. 92.42% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.12% of the company’s stock.

Booking Price Performance

Shares of BKNG stock opened at $4,987.44 on Thursday. The company has a market capitalization of $165.08 billion, a P/E ratio of 33.84, a P/E/G ratio of 1.56 and a beta of 1.38. The company’s 50-day simple moving average is $4,287.85 and its two-hundred day simple moving average is $3,959.25. Booking Holdings Inc. has a one year low of $3,079.50 and a one year high of $5,069.44.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, December 6th. Booking’s payout ratio is 23.75%.

Wall Street Analysts Forecast Growth

BKNG has been the topic of several recent analyst reports. DA Davidson increased their price objective on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Oppenheimer lifted their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Mizuho boosted their price objective on shares of Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Piper Sandler raised their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, UBS Group boosted their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $4,749.83.

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.