Perigon Wealth Management LLC Increases Stock Position in Booking Holdings Inc. $BKNG

Perigon Wealth Management LLC grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 137.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 642 shares of the business services provider’s stock after purchasing an additional 372 shares during the period. Perigon Wealth Management LLC’s holdings in Booking were worth $3,467,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BKNG. Atwood & Palmer Inc. purchased a new position in Booking in the second quarter worth $29,000. Westside Investment Management Inc. grew its stake in shares of Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after purchasing an additional 4 shares during the period. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Booking by 150.0% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 3 shares in the last quarter. O Brien Wealth Partners LLC acquired a new stake in shares of Booking in the second quarter valued at about $35,000. Finally, First PREMIER Bank boosted its holdings in Booking by 100.0% during the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after buying an additional 3 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert J. Mylod, Jr. sold 40 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total value of $200,000.00. Following the completion of the transaction, the director owned 960 shares of the company’s stock, valued at $4,800,000. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 571 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $5,414.53, for a total transaction of $3,091,696.63. Following the sale, the chief executive officer owned 21,010 shares in the company, valued at approximately $113,759,275.30. This trade represents a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 3,324 shares of company stock valued at $17,193,557. 0.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BKNG has been the subject of a number of research analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $6,250.00 target price on shares of Booking in a report on Tuesday, December 23rd. Cowen reaffirmed a “buy” rating on shares of Booking in a research note on Wednesday, December 3rd. Robert W. Baird set a $6,325.00 price objective on Booking in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Booking in a report on Monday, December 22nd. Finally, Gordon Haskett lifted their price target on Booking from $5,620.00 to $5,710.00 and gave the stock a “hold” rating in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average target price of $6,149.23.

Booking Stock Performance

Booking stock opened at $5,441.33 on Tuesday. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41. The company has a market capitalization of $175.40 billion, a price-to-earnings ratio of 35.37, a PEG ratio of 1.37 and a beta of 1.25. The stock has a fifty day moving average of $5,113.56 and a two-hundred day moving average of $5,370.05.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The business had revenue of $9.01 billion for the quarter, compared to analyst estimates of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $83.39 earnings per share. On average, analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, December 5th. Booking’s dividend payout ratio (DPR) is currently 24.96%.

Booking Company Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.