Osmosis Investment Management UK Ltd bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,011 shares of the business services provider's stock, valued at approximately $4,280,000.
A number of other large investors have also recently added to or reduced their stakes in BKNG. BlackRock Inc. bought a new position in shares of Booking in the second quarter valued at $11,646,302,000. Deutsche Bank AG acquired a new position in shares of Booking in the 2nd quarter worth $1,691,186,000. Bank of New York Mellon Corp acquired a new stake in shares of Booking during the second quarter worth $1,370,455,000. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 23,159 shares during the last quarter. Finally, J. Stern & Co. LLP boosted its position in shares of Booking by 191,965.8% in 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 purchasing an additional 2,831,495 shares during the period. 92.42% of the stock is currently owned by institutional investors.
Booking Stock Performance
Shares of NASDAQ:BKNG opened at $209.62 on Monday. The firm has a market cap of $157.50 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 1.27 and a beta of 1.07. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $231.80. The business has a fifty day simple moving average of $188.60 and a 200 day simple moving average of $176.84.
Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.11. The firm 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%.The business's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $55.40 earnings per share. On average, sell-side analysts forecast that Booking Holdings Inc. will post 10.47 EPS for the current year.
Booking Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, September 11th. Booking's dividend payout ratio (DPR) is presently 18.58%.
Analyst Ratings Changes
Several analysts have issued reports on the company. BTIG Research restated a "buy" rating and set a $250.00 price objective on shares of Booking in a report on Wednesday, August 5th. Robert W. Baird set a $230.00 price objective on shares of Booking in a research report on Wednesday, August 5th. B. Riley Financial restated a "buy" rating and issued a $274.00 target price (up from $264.00) on shares of Booking in a report on Wednesday, August 5th. Piper Sandler reiterated a "neutral" rating and set a $215.00 price target (up from $195.00) on shares of Booking in a report on Wednesday, August 5th. Finally, Bank of America reissued a "buy" rating and issued a $234.00 price objective on shares of Booking in a research note on Wednesday, August 5th. 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 company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $235.72.
Read Our Latest Research Report on BKNG
Insider Buying and Selling at Booking
In other Booking news, Director Robert J. Mylod, Jr. sold 5,000 shares of Booking stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $200.00, for a total value of $1,000,000.00. Following the completion of the sale, the director directly owned 16,000 shares in the company, valued at $3,200,000. The trade was a 23.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ewout L. Steenbergen sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $211.03, for a total transaction of $4,220,600.00. Following the completion of the sale, the chief financial officer directly owned 59,794 shares of the company's stock, valued at $12,618,327.82. This represents a 25.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 in the last ninety days. Insiders own 0.17% of the company's stock.
About Booking
(
Free Report)
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.
Further Reading
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