Tiff Advisory Services LLC Has $6.42 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Tiff Advisory Services LLC increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 11.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,809 shares of the business services provider’s stock after buying an additional 184 shares during the quarter. Booking comprises approximately 3.1% of Tiff Advisory Services LLC’s investment portfolio, making the stock its 11th biggest position. Tiff Advisory Services LLC’s holdings in Booking were worth $6,417,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BKNG. Northern Trust Corp boosted its stake in shares of Booking by 1.3% in the 3rd quarter. Northern Trust Corp now owns 383,996 shares of the business services provider’s stock valued at $1,184,224,000 after purchasing an additional 5,040 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Booking by 4.3% during the fourth quarter. Fisher Asset Management LLC now owns 376,734 shares of the business services provider’s stock worth $1,336,362,000 after buying an additional 15,381 shares during the last quarter. Nordea Investment Management AB raised its holdings in Booking by 28.8% during the fourth quarter. Nordea Investment Management AB now owns 131,052 shares of the business services provider’s stock worth $466,166,000 after buying an additional 29,316 shares during the last quarter. Brown Advisory Inc. raised its holdings in Booking by 5.5% during the fourth quarter. Brown Advisory Inc. now owns 126,410 shares of the business services provider’s stock worth $448,404,000 after buying an additional 6,606 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Booking by 2,479.0% during the fourth quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider’s stock worth $414,234,000 after buying an additional 112,249 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 300 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the completion of the sale, the insider now directly owns 4,233 shares in the company, valued at approximately $14,752,005. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total transaction of $75,619.50. Following the sale, the director now owns 189 shares of the company’s stock, valued at approximately $649,640.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paulo Pisano sold 300 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the sale, the insider now directly owns 4,233 shares in the company, valued at approximately $14,752,005. The disclosure for this sale can be found here. Insiders sold a total of 5,651 shares of company stock worth $19,485,975 in the last quarter. 0.12% of the stock is owned by company insiders.

Booking Stock Performance

NASDAQ:BKNG traded down $10.43 during trading hours on Monday, reaching $3,697.92. The stock had a trading volume of 6,207 shares, compared to its average volume of 266,200. Booking Holdings Inc. has a 52 week low of $2,456.93 and a 52 week high of $3,918.00. The company has a 50 day moving average price of $3,573.99 and a two-hundred day moving average price of $3,472.60. The stock has a market capitalization of $125.47 billion, a PE ratio of 27.78, a PEG ratio of 1.11 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating the consensus estimate of $14.03 by $6.36. The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.25 billion. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $11.60 EPS. Equities research analysts predict that Booking Holdings Inc. will post 178.54 EPS for the current year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Friday, June 7th. Booking’s payout ratio is currently 26.25%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BKNG. Edward Jones reiterated a “hold” rating on shares of Booking in a report on Friday, February 16th. JPMorgan Chase & Co. increased their target price on shares of Booking from $3,950.00 to $4,025.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Royal Bank of Canada increased their target price on shares of Booking from $3,550.00 to $3,900.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Seaport Res Ptn reiterated a “buy” rating on shares of Booking in a report on Tuesday, February 20th. Finally, UBS Group increased their price target on shares of Booking from $4,000.00 to $4,200.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $3,876.96.

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.