11,749 Shares in Booking Holdings Inc. $BKNG Bought by Roberts Glore & Co. Inc. IL

Key Points

• Roberts Glore & Co. Inc. IL purchased 11,749 Booking Holdings shares worth approximately $2.09 million during the second quarter. Institutional investors collectively own 92.42% of the company.
• Analysts maintain a generally bullish view, with one Strong Buy, 27 Buy, and eight Hold ratings. Booking has a “Moderate Buy” consensus rating and an average price target of $236.45.
• Booking beat quarterly expectations with $2.54 in earnings per share and $7.35 billion in revenue, up 8.1% year over year. The company also declared a quarterly dividend of $0.42 per share, representing a 0.8% yield.

Roberts Glore & Co. Inc. IL bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,749 shares of the business services provider's stock, valued at approximately $2,094,000.

Several other institutional investors also recently bought and sold shares of BKNG. Strive Asset Management LLC bought a new stake in Booking during the third quarter worth approximately $27,000. Camelot Portfolios LLC bought a new position in shares of Booking in the fourth quarter valued at approximately $27,000. Swiss RE Ltd. bought a new position in shares of Booking in the fourth quarter valued at approximately $27,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Booking in the fourth quarter worth $27,000. Finally, Osbon Capital Management LLC acquired a new stake in shares of Booking in the fourth quarter worth $27,000. 92.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Bank of America reiterated a "buy" rating and issued a $234.00 target price on shares of Booking in a research note on Wednesday, August 5th. Argus upped their price target on shares of Booking from $210.00 to $245.00 and gave the company a "buy" rating in a report on Monday, August 10th. Benchmark raised their price target on Booking from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Barclays set a $210.00 price objective on Booking and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. Finally, Sanford C. Bernstein reissued a "market perform" rating on shares of Booking in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Booking currently has an average rating of "Moderate Buy" and a consensus price target of $236.45.

Insider Transactions at Booking

In related news, Director Vanessa Ames Wittman sold 375 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $211.00, for a total transaction of $79,125.00. Following the transaction, the director directly owned 16,133 shares in the company, valued at $3,404,063. The trade was a 2.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $206.70, for a total value of $206,700.00. Following the completion of the transaction, the director directly owned 15,000 shares of the company's stock, valued at approximately $3,100,500. This trade represents a 6.25% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 77,550 shares of company stock valued at $16,112,304 in the last ninety days. 0.17% of the stock is owned by corporate insiders.

Booking Price Performance

NASDAQ:BKNG opened at $213.78 on Wednesday. The stock has a market cap of $160.63 billion, a P/E ratio of 23.66, a PEG ratio of 1.29 and a beta of 1.07. Booking Holdings Inc. has a one year low of $150.14 and a one year high of $229.13. The company has a fifty day moving average price of $190.14 and a 200 day moving average price of $177.35.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.11. The firm had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The business's revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $55.40 EPS. As a group, equities research analysts anticipate that Booking Holdings Inc. will post 10.47 EPS for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, September 11th. Booking's dividend payout ratio (DPR) is presently 18.58%.

About Booking

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.

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