TRU Independence Asset Management 2 LLC purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 100 shares of the business services provider's stock, valued at approximately $461,000.
A number of other large investors have also made changes to their positions in the stock. Summit Securities Group LLC acquired a new stake in Booking in the 4th quarter valued at about $30,000. Bernard Wealth Management Corp. purchased a new position in shares of Booking during the 4th quarter worth approximately $30,000. Kapitalo Investimentos Ltda acquired a new position in shares of Booking during the 4th quarter worth approximately $40,000. Alpine Bank Wealth Management purchased a new stake in Booking in the 1st quarter valued at approximately $41,000. Finally, Minot DeBlois Advisors LLC purchased a new position in Booking during the fourth quarter worth $50,000. Hedge funds and other institutional investors own 92.42% of the company's stock.
Insider Buying and Selling at Booking
In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction on Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the sale, the chief executive officer owned 27,646 shares of the company's stock, valued at $148,073,911.22. The trade was a 3.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.16% of the company's stock.
Analyst Ratings Changes
A number of research firms recently commented on BKNG. Robert W. Baird increased their price objective on Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Bank of America raised their price target on shares of Booking from $5,580.00 to $5,820.00 and gave the stock a "neutral" rating in a research note on Monday, June 9th. Piper Sandler cut their price objective on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Cantor Fitzgerald reduced their price objective on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $5,415.00.
Read Our Latest Analysis on Booking
Booking Price Performance
NASDAQ BKNG traded down $1.41 during trading hours on Friday, hitting $5,717.10. The company had a trading volume of 150,915 shares, compared to its average volume of 248,704. The firm's 50 day moving average is $5,448.04 and its 200 day moving average is $4,998.76. The company has a market capitalization of $186.03 billion, a price-to-earnings ratio of 35.57, a P/E/G ratio of 1.76 and a beta of 1.40. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,839.41.
Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. The business had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $20.39 earnings per share. On average, equities analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were given a dividend of $9.60 per share. The ex-dividend date was Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.67%. Booking's payout ratio is currently 23.89%.
Booking Profile
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Free Report)
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.
Further Reading
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