119,196 Shares in Booking Holdings Inc. $BKNG Bought by Trillium Asset Management LLC

Key Points

• Trillium Asset Management acquired 119,196 Booking Holdings shares in the second quarter, valued at approximately $21.25 million. Institutional investors collectively own 92.42% of the company.
• Booking exceeded quarterly expectations, reporting adjusted EPS of $2.54 versus the $2.43 consensus and revenue of $7.35 billion versus $7.19 billion expected; revenue rose 8.1% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with a $235.72 price target, while the company declared a quarterly dividend of $0.42 per share. Insiders sold 140,050 shares worth $26.34 million over the past quarter.

Trillium Asset Management LLC bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 119,196 shares of the business services provider's stock, valued at approximately $21,246,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Booking during the second quarter valued at about $11,646,302,000. Deutsche Bank AG purchased a new stake in shares of Booking in the second quarter worth about $1,691,186,000. Bank of New York Mellon Corp purchased a new stake in shares of Booking in the second quarter worth about $1,370,455,000. Vanguard Group Inc. boosted its stake in Booking by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,997,949 shares of the business services provider's stock valued at $16,055,006,000 after buying an additional 23,159 shares during the last quarter. Finally, J. Stern & Co. LLP grew its holdings in Booking by 191,965.8% during the 4th quarter. J. Stern & Co. LLP now owns 2,832,970 shares of the business services provider's stock valued at $15,171,489,000 after buying an additional 2,831,495 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Insider Transactions at Booking

In other news, VP Peter J. Millones sold 62,500 shares of the firm's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the transaction, the vice president owned 425,075 shares in the company, valued at approximately $69,572,025.25. This trade represents a 12.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of Booking stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total value of $216,000.00. Following the completion of the sale, the director owned 16,508 shares of the company's stock, valued at $3,169,536. The trade was a 6.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 140,050 shares of company stock worth $26,341,680 over the last quarter. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BKNG has been the topic of several recent research reports. Citigroup reaffirmed a "buy" rating and set a $236.00 price objective (up from $225.00) on shares of Booking in a report on Wednesday, August 5th. Cantor Fitzgerald lifted their price objective on shares of Booking from $175.00 to $220.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Evercore set a $245.00 target price on Booking in a research report on Wednesday, April 29th. BTIG Research reiterated a "buy" rating and set a $250.00 price target on shares of Booking in a report on Wednesday, August 5th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Booking in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $235.72.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $209.87 on Friday. The firm has a market capitalization of $157.69 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.29 and a beta of 1.07. The stock has a 50 day moving average price of $187.71 and a 200 day moving average price of $177.15. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $231.80.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, topping the consensus estimate of $2.43 by $0.11. The company had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.Booking's quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business posted $55.40 EPS. Analysts forecast that Booking Holdings Inc. will post 10.47 earnings per share for the current year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. Booking's dividend payout ratio is presently 18.58%.

Booking 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source