Roberts Capital Advisors LLC Makes New $788,000 Investment in Booking Holdings Inc. $BKNG

Key Points

• Roberts Capital Advisors LLC has purchased 171 shares of Booking Holdings Inc. valued at approximately $788,000 in the first quarter, as reflected in their recent SEC filing.
• Booking reported $55.40 earnings per share for the last quarter, exceeding estimates, with a year-over-year revenue growth of 16.0%.
• The company recently announced a quarterly dividend of $9.60 per share, with an annualized yield of 0.7%, to be paid on September 30th.

Roberts Capital Advisors LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 171 shares of the business services provider's stock, valued at approximately $788,000.

Other large investors have also recently bought and sold shares of the company. Kapitalo Investimentos Ltda purchased a new position in Booking in the fourth quarter valued at $40,000. Alpine Bank Wealth Management acquired a new position in Booking in the first quarter valued at $41,000. Minot DeBlois Advisors LLC acquired a new position in Booking in the fourth quarter valued at $50,000. North Capital Inc. acquired a new position in Booking in the first quarter valued at $46,000. Finally, Mechanics Financial Corp acquired a new position in Booking in the first quarter valued at $46,000. Hedge funds and other institutional investors own 92.42% of the company's stock.

Wall Street Analyst Weigh In

BKNG has been the subject of several research analyst reports. Cantor Fitzgerald restated a "neutral" rating on shares of Booking in a research note on Wednesday, July 30th. Erste Group Bank upgraded shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada upped their price objective on shares of Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Citigroup increased their target price on shares of Booking from $5,560.00 to $6,500.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Hsbc Global Res upgraded shares of Booking to a "strong-buy" rating in a research note on Thursday, July 17th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,781.04.

Booking Price Performance

Booking stock traded up $77.71 during mid-day trading on Monday, reaching $5,532.00. The company had a trading volume of 169,333 shares, compared to its average volume of 205,706. Booking Holdings Inc. has a 1 year low of $3,610.44 and a 1 year high of $5,839.41. The company has a market capitalization of $179.29 billion, a P/E ratio of 38.47, a P/E/G ratio of 1.57 and a beta of 1.41. The stock's 50-day simple moving average is $5,558.69 and its 200-day simple moving average is $5,131.66.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping analysts' consensus estimates of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.54 billion. During the same period last year, the company posted $41.90 EPS. The company's revenue was up 16.0% on a year-over-year basis. On average, equities analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's dividend payout ratio (DPR) is 26.71%.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the completion of the transaction, the chief executive officer directly owned 24,620 shares of the company's stock, valued at $134,841,031.80. This trade represents a 3.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 4,052 shares of company stock worth $22,511,858. Company insiders own 0.16% of the company's stock.

About Booking

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.