83 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Bought by Caitong International Asset Management Co. Ltd

Key Points

• Caitong International Asset Management Co. Ltd acquired a new stake in Booking Holdings Inc. by purchasing 83 shares valued at approximately $382,000 during the first quarter.
• CEO Glenn D. Fogel sold 1,013 shares of the company's stock for over $5.7 million, reducing his ownership by 3.66% to approximately 26,633 shares.
• Booking Holdings Inc. reported a strong earnings performance with $55.40 earnings per share for the last quarter, exceeding analyst expectations and showing a 16% year-over-year revenue growth.

Caitong International Asset Management Co. Ltd acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 83 shares of the business services provider's stock, valued at approximately $382,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Kingswood Wealth Advisors LLC raised its holdings in shares of Booking by 27.3% during the first quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock valued at $844,000 after buying an additional 39 shares during the last quarter. Point72 Europe London LLP purchased a new position in shares of Booking during the 4th quarter valued at $15,054,000. International Assets Investment Management LLC acquired a new stake in shares of Booking in the 1st quarter valued at $203,000. Perigon Wealth Management LLC lifted its stake in shares of Booking by 9.4% in the 1st quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock valued at $1,281,000 after purchasing an additional 24 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Booking by 13.2% during the first quarter. GAMMA Investing LLC now owns 513 shares of the business services provider's stock valued at $2,363,000 after purchasing an additional 60 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the transaction, the chief executive officer owned 26,633 shares in the company, valued at approximately $151,674,935. This represents a 3.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 3,039 shares of company stock valued at $16,963,769. Insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

BKNG has been the topic of several research reports. Susquehanna boosted their price objective on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Robert W. Baird upped their target price on shares of Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Cantor Fitzgerald restated a "neutral" rating on shares of Booking in a report on Wednesday, July 30th. Barclays increased their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $6,000.00 price objective (up previously from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,781.04.

Booking Stock Up 1.8%

BKNG opened at $5,461.54 on Wednesday. The firm has a 50-day moving average price of $5,565.94 and a 200-day moving average price of $5,107.65. Booking Holdings Inc. has a twelve month low of $3,472.50 and a twelve month high of $5,839.41. The company has a market capitalization of $177.01 billion, a price-to-earnings ratio of 37.98, a PEG ratio of 1.55 and a beta of 1.41.

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

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $9.60 dividend. The ex-dividend date is Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. Booking's payout ratio is presently 26.71%.

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.

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