Alpine Woods Capital Investors LLC Purchases Shares of 15,782 Booking Holdings Inc. $BKNG

Key Points

• Alpine Woods Capital Investors acquired 15,782 Booking Holdings shares worth approximately $2.8 million, while institutional investors collectively own 92.42% of the company.
• Analysts maintain a positive outlook, with a consensus “Moderate Buy” rating and an average price target of $235.72. Booking recently exceeded quarterly earnings and revenue expectations, reporting $2.54 in EPS and $7.35 billion in revenue.
• Booking shares opened at $208.20, up 1.7%, and the company declared a quarterly dividend of $0.42 per share. Insiders sold 140,050 shares worth $26.3 million over the past quarter.

Alpine Woods Capital Investors LLC acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,782 shares of the business services provider's stock, valued at approximately $2,813,000.

Several other hedge funds also recently bought and sold shares of the company. Camelot Portfolios LLC bought a new stake in Booking during the fourth quarter valued at about $27,000. Osbon Capital Management LLC purchased a new position in shares of Booking in the fourth quarter valued at about $27,000. Mcguire Capital Advisors Inc. bought a new position in shares of Booking in the fourth quarter worth about $27,000. Strive Asset Management LLC bought a new position in shares of Booking in the third quarter worth about $27,000. Finally, Swiss RE Ltd. bought a new position in shares of Booking in the fourth quarter worth about $27,000. Institutional investors own 92.42% of the company's stock.

Insider Activity

In related news, VP Peter J. Millones sold 50,050 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $207.59, for a total value of $10,389,879.50. Following the sale, the vice president directly owned 375,025 shares of the company's stock, valued at $77,851,439.75. This represents a 11.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 375 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $211.00, for a total transaction of $79,125.00. Following the completion of the sale, the director directly owned 16,133 shares of the company's stock, valued at approximately $3,404,063. The trade was a 2.27% 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. Over the last quarter, insiders sold 140,050 shares of company stock valued at $26,341,680. Company insiders own 0.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BKNG shares. Evercore set a $245.00 price objective on shares of Booking in a report on Wednesday, April 29th. Oppenheimer reissued an "outperform" rating and issued a $240.00 target price (up from $215.00) on shares of Booking in a report on Wednesday, August 5th. The Goldman Sachs Group set a $215.00 target price on shares of Booking and gave the stock a "neutral" rating in a research report on Monday, July 20th. BMO Capital Markets reaffirmed an "outperform" rating and set a $250.00 target price (up from $240.00) on shares of Booking in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada decreased their price target on shares of Booking from $244.00 to $220.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Booking has a consensus rating of "Moderate Buy" and an average target price of $235.72.

Booking Trading Up 1.7%

BKNG opened at $208.20 on Wednesday. The stock has a 50-day moving average of $185.74 and a 200 day moving average of $177.06. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $231.80. The firm has a market cap of $156.44 billion, a P/E ratio of 23.04, a P/E/G ratio of 1.28 and a beta of 1.07.

Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, topping analysts' consensus estimates of $2.43 by $0.11. The firm had revenue of $7.35 billion during the quarter, compared to analysts' expectations of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The company's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $55.40 EPS. On average, research analysts forecast that Booking Holdings Inc. will post 10.47 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, September 11th. Booking's dividend payout ratio is presently 18.58%.

About Booking

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.

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.

Add As Preferred Source