Addenda Capital Inc. grew its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2,560.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,540 shares of the business services provider's stock after buying an additional 118,896 shares during the quarter. Addenda Capital Inc.'s holdings in Booking were worth $22,020,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Bogart Wealth LLC increased its stake in shares of Booking by 3,475.0% in the second quarter. Bogart Wealth LLC now owns 143 shares of the business services provider's stock worth $25,000 after acquiring an additional 139 shares during the last quarter. Wilkerson Advisory Group LLC grew its stake in Booking by 3,550.0% in the second quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider's stock valued at $26,000 after purchasing an additional 142 shares in the last quarter. Osbon Capital Management LLC acquired a new position in Booking in the 4th quarter worth about $27,000. First Financial Corp IN increased its position in Booking by 2,400.0% in the 2nd quarter. First Financial Corp IN now owns 150 shares of the business services provider's stock worth $27,000 after purchasing an additional 144 shares during the last quarter. Finally, Roble Belko & Company Inc raised its stake in shares of Booking by 2,400.0% during the 2nd quarter. Roble Belko & Company Inc now owns 150 shares of the business services provider's stock worth $27,000 after purchasing an additional 144 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Booking
In related news, CFO Ewout L. Steenbergen sold 20,000 shares of the firm'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 transaction, the chief financial officer owned 59,794 shares in the company, valued at $12,618,327.82. This trade represents a 25.06% decrease in their position. The transaction was disclosed in a 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, Director Vanessa Ames Wittman sold 1,125 shares of the business's stock in a transaction 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 completion of the sale, the director directly owned 16,508 shares in the company, valued at approximately $3,169,536. This represents a 6.38% 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 have sold 77,550 shares of company stock worth $16,112,304 in the last three months. 0.17% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several research firms have commented on BKNG. 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. Benchmark lifted their price objective on shares of Booking from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Wedbush upped their price objective on shares of Booking from $211.00 to $247.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Truist Financial set a $242.00 target price on shares of Booking in a research report on Wednesday, August 5th. Finally, Cantor Fitzgerald boosted their price target on Booking from $175.00 to $220.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and a consensus target price of $236.45.
Check Out Our Latest Analysis on Booking
Booking Price Performance
NASDAQ:BKNG opened at $205.63 on Monday. Booking Holdings Inc. has a one year low of $150.14 and a one year high of $226.10. The company has a fifty day moving average price of $192.18 and a 200 day moving average price of $177.64. The stock has a market cap of $154.51 billion, a P/E ratio of 22.76, a PEG ratio of 1.24 and a beta of 1.07.
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 the consensus estimate of $2.43 by $0.11. The business had revenue of $7.35 billion during the quarter, compared to analysts' expectations of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The firm's revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $55.40 earnings per share. As a group, equities research analysts anticipate that Booking Holdings Inc. will post 10.48 EPS for the current year.
Booking Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be paid a $0.42 dividend. The ex-dividend date 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%.
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.
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