Algert Global LLC Purchases 141 Shares of Booking Holdings Inc. $BKNG

Key Points

• Algert Global LLC increased its holdings in Booking Holdings Inc. by 11.1%, purchasing an additional 141 shares, bringing its total to 1,409 shares worth approximately $6.49 million.
• Booking recently declared a quarterly dividend of $9.60 per share, resulting in an annualized dividend yield of 0.7% based on a payout ratio of 26.71%.
• Despite recent insider sales, institutional investors collectively hold 92.42% of Booking's stock, illustrating strong institutional confidence in the company's performance.

Algert Global LLC boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 11.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,409 shares of the business services provider's stock after buying an additional 141 shares during the period. Algert Global LLC's holdings in Booking were worth $6,491,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock valued at $1,249,000 after purchasing an additional 65 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Booking in the 4th quarter valued at approximately $209,000. Forum Financial Management LP lifted its stake in shares of Booking by 32.9% in the 4th quarter. Forum Financial Management LP now owns 101 shares of the business services provider's stock valued at $502,000 after purchasing an additional 25 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Booking by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 93,753 shares of the business services provider's stock valued at $465,830,000 after purchasing an additional 445 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of Booking by 47,921.4% in the 4th quarter. Capital Research Global Investors now owns 33,615 shares of the business services provider's stock valued at $167,013,000 after purchasing an additional 33,545 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Insider Activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $5,695.00, for a total value of $5,769,035.00. Following the sale, the chief executive officer owned 26,633 shares in the company, valued at approximately $151,674,935. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 3,039 shares of company stock valued at $16,963,769 in the last quarter. 0.16% of the stock is currently owned by company insiders.

Booking Trading Down 0.6%

Shares of Booking stock opened at $5,454.29 on Monday. The company has a fifty day moving average price of $5,558.84 and a 200 day moving average price of $5,126.10. The stock has a market cap of $176.77 billion, a price-to-earnings ratio of 37.93, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a twelve month low of $3,592.28 and a twelve month high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping the consensus estimate of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. During the same quarter last year, the company posted $41.90 earnings per share. The company's quarterly revenue was up 16.0% compared to the same quarter last year. Analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 annualized dividend and a dividend yield of 0.7%. Booking's dividend payout ratio (DPR) is presently 26.71%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Booking in a research note on Wednesday, July 30th. Erste Group Bank upgraded Booking from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. DA Davidson increased their price target on Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Truist Financial increased their price target on Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a report on Monday, July 14th. Finally, Citigroup increased their price target on Booking from $5,560.00 to $6,500.00 and gave the stock a "buy" rating in a 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $5,781.04.

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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