Beacon Pointe Advisors LLC acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund acquired 87,752 shares of the business services provider's stock, valued at approximately $15,641,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Booking in the second quarter worth about $11,687,000. MBM Wealth Consultants LLC grew its position in Booking by 2,860.8% during the 2nd quarter. MBM Wealth Consultants LLC now owns 12,554 shares of the business services provider's stock worth $2,238,000 after acquiring an additional 12,130 shares during the last quarter. Life Cycle Investment Partners Ltd bought a new position in Booking during the 4th quarter worth approximately $361,463,000. Merit Financial Group LLC grew its position in Booking by 1,663.9% during the 2nd quarter. Merit Financial Group LLC now owns 28,698 shares of the business services provider's stock worth $5,115,000 after acquiring an additional 27,071 shares during the last quarter. Finally, Rit Capital Partners PLC purchased a new position in Booking in the 4th quarter worth approximately $51,396,000. Institutional investors own 92.42% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on BKNG shares. Bank of America reiterated a "buy" rating and set a $234.00 target price on shares of Booking in a report on Wednesday, August 5th. Citigroup restated a "buy" rating and set a $236.00 price target (up from $225.00) on shares of Booking in a report on Wednesday, August 5th. Susquehanna reaffirmed a "positive" rating and set a $240.00 price target on shares of Booking in a research report on Thursday, August 6th. Oppenheimer reiterated an "outperform" rating and issued a $240.00 price objective (up from $215.00) on shares of Booking in a report on Wednesday, August 5th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Booking in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $236.45.
View Our Latest Stock Analysis on Booking
Booking Trading Up 1.5%
Booking stock opened at $205.63 on Friday. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $226.10. The company has a market capitalization of $154.51 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 1.22 and a beta of 1.07. The business's fifty day simple moving average is $192.18 and its two-hundred day simple moving average is $177.64.
Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same quarter in the previous year, the firm earned $55.40 EPS. Booking's quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that Booking Holdings Inc. will post 10.47 EPS for the current year.
Booking Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. Booking's payout ratio is 18.58%.
Insiders Place Their Bets
In related news, Director Vanessa Ames Wittman sold 1,125 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total value of $216,000.00. Following the sale, the director owned 16,508 shares in the company, valued at approximately $3,169,536. This trade represents a 6.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 50,050 shares of Booking stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $207.59, for a total transaction of $10,389,879.50. Following the completion of the sale, the vice president directly owned 375,025 shares of the company's stock, valued at approximately $77,851,439.75. This trade represents a 11.77% decrease in their position. 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 77,550 shares of company stock worth $16,112,304 in the last 90 days. Corporate insiders own 0.17% of the company's stock.
Booking Company Profile
(
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.
Featured Articles
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).
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.
Before you consider Booking, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Booking wasn't on the list.
While Booking currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
