Meiji Yasuda Asset Management Co Ltd. acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 39,756 shares of the business services provider's stock, valued at approximately $7,086,000.
Other hedge funds have also made changes to their positions in the company. Benjamin Edwards Inc. grew its position in Booking by 1.7% during the second quarter. Benjamin Edwards Inc. now owns 121 shares of the business services provider's stock valued at $700,000 after purchasing an additional 2 shares in the last quarter. Simon Quick Advisors LLC boosted its stake in shares of Booking by 1.0% during the 4th quarter. Simon Quick Advisors LLC now owns 289 shares of the business services provider's stock valued at $1,548,000 after buying an additional 3 shares during the period. LFA Lugano Financial Advisors SA grew its holdings in shares of Booking by 6.0% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 53 shares of the business services provider's stock valued at $284,000 after acquiring an additional 3 shares in the last quarter. Mutual Advisors LLC grew its holdings in shares of Booking by 1.2% during the 4th quarter. Mutual Advisors LLC now owns 246 shares of the business services provider's stock valued at $1,317,000 after acquiring an additional 3 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC increased its stake in shares of Booking by 3.2% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 97 shares of the business services provider's stock worth $518,000 after acquiring an additional 3 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Booking
In related news, Director Robert J. Mylod, Jr. sold 5,000 shares of the stock in a transaction dated 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 owned 16,000 shares in the company, valued at approximately $3,200,000. This trade represents a 23.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 dated Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total value of $4,220,600.00. Following the transaction, the chief financial officer owned 59,794 shares in the company, 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 over the last ninety days. Corporate insiders own 0.17% of the company's stock.
Booking Price Performance
Shares of NASDAQ:BKNG opened at $209.62 on Monday. The company has a market cap of $157.50 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 1.27 and a beta of 1.07. The business has a 50 day moving average price of $188.60 and a 200 day moving average price of $176.84. Booking Holdings Inc. has a twelve month low of $150.14 and a twelve month high of $231.80.
Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The company had revenue of $7.35 billion during the quarter, compared to analysts' expectations of $7.19 billion. During the same period in the prior year, the business earned $55.40 earnings per share. Booking's revenue for the quarter was up 8.1% compared to the same quarter last year. Analysts anticipate that Booking Holdings Inc. will post 10.47 EPS for the current year.
Booking Announces Dividend
The business also recently disclosed 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 currently 18.58%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. UBS Group raised their price target on Booking from $266.00 to $274.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. B. Riley Financial reissued a "buy" rating and issued a $274.00 target price (up from $264.00) on shares of Booking in a research report on Wednesday, August 5th. Argus increased their price target on shares of Booking from $210.00 to $245.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Gordon Haskett lifted their price objective on shares of Booking from $217.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Finally, Barclays set a $210.00 price objective on shares of Booking and gave the stock an "overweight" rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Booking has an average rating of "Moderate Buy" and an average target price of $235.72.
Read Our Latest Stock Analysis on Booking
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.
See Also
Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).
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