Harbor Capital Advisors Inc. Buys 14 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Harbor Capital Advisors Inc. increased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,137 shares of the business services provider’s stock after buying an additional 14 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Booking were worth $4,789,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. purchased a new position in shares of Booking during the 3rd quarter worth about $25,000. Grove Bank & Trust boosted its position in shares of Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after buying an additional 4 shares during the period. POM Investment Strategies LLC bought a new position in shares of Booking during the second quarter valued at approximately $28,000. Kings Path Partners LLC bought a new position in shares of Booking during the second quarter valued at approximately $28,000. Finally, West Financial Advisors LLC bought a new stake in shares of Booking during the 3rd quarter worth approximately $29,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Price Performance

NASDAQ BKNG opened at $4,749.11 on Monday. The company has a market cap of $157.20 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 1.52 and a beta of 1.38. The stock’s fifty day moving average price is $4,136.96 and its 200 day moving average price is $3,886.98. Booking Holdings Inc. has a 1 year low of $2,756.39 and a 1 year high of $4,856.60.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $39.22 by $2.68. The firm had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.77 billion. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $37.62 earnings per share. Research analysts expect that Booking Holdings Inc. will post 177.79 earnings per share for the current year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio is 23.75%.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BKNG has been the topic of several research analyst reports. UBS Group upped their price objective on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets raised their price target on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday. Susquehanna boosted their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research report on Friday. JPMorgan Chase & Co. dropped their target price on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, B. Riley lifted their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research note on Thursday. Twelve analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $4,680.18.

Booking Company 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.