ABN AMRO Bank N.V. acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,042 shares of the business services provider's stock, valued at approximately $4,822,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Booking by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,997,949 shares of the business services provider's stock worth $16,055,006,000 after acquiring an additional 23,159 shares during the last quarter. J. Stern & Co. LLP boosted its stake in 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 worth $15,171,489,000 after purchasing an additional 2,831,495 shares in the last quarter. State Street Corp grew its position in Booking by 0.5% during the 4th quarter. State Street Corp now owns 1,435,116 shares of the business services provider's stock valued at $7,685,520,000 after purchasing an additional 6,976 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Booking by 15.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 966,121 shares of the business services provider's stock valued at $5,173,899,000 after purchasing an additional 128,700 shares in the last quarter. Finally, Bank of Nova Scotia increased its stake in Booking by 1,497.3% during the 1st quarter. Bank of Nova Scotia now owns 870,520 shares of the business services provider's stock valued at $3,665,168,000 after purchasing an additional 816,022 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Booking news, Director Robert J. Mylod, Jr. sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $206.70, for a total value of $206,700.00. Following the completion of the transaction, the director directly owned 15,000 shares in the company, valued at $3,100,500. This represents a 6.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total value of $10,229,375.00. Following the completion of the transaction, the vice president owned 425,075 shares of the company's stock, valued at $69,572,025.25. The trade was a 12.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 89,625 shares of company stock worth $15,872,675. Company insiders own 0.17% of the company's stock.
Booking Price Performance
BKNG opened at $212.06 on Monday. The company has a 50 day simple moving average of $184.00 and a two-hundred day simple moving average of $176.65. The firm has a market cap of $159.34 billion, a P/E ratio of 23.47, a PEG ratio of 1.28 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.
Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.11. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The company had revenue of $7.35 billion for the quarter, compared to analysts' expectations of $7.19 billion. During the same quarter in the previous year, the company earned $55.40 EPS. Booking's revenue for the quarter was up 8.1% on a year-over-year basis. Equities analysts anticipate that Booking Holdings Inc. will post 10.47 earnings per share for the current year.
Booking Announces Dividend
The firm also recently announced 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. The ex-dividend date is Friday, September 11th. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. Booking's dividend payout ratio (DPR) is currently 18.58%.
Wall Street Analysts Forecast Growth
BKNG has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Booking from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, May 29th. B. Riley Financial restated a "buy" rating and issued a $274.00 price target (up from $264.00) on shares of Booking in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $230.00 price objective on shares of Booking in a research report on Wednesday, August 5th. Robert W. Baird set a $230.00 target price on Booking in a research report on Wednesday, August 5th. Finally, Bank of America reaffirmed a "buy" rating and set a $234.00 price target on shares of Booking in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $235.72.
Check Out Our Latest Stock Analysis on BKNG
Booking 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.
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