Banco Santander S.A. grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 22.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,222 shares of the business services provider's stock after buying an additional 1,161 shares during the quarter. Banco Santander S.A.'s holdings in Booking were worth $28,664,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Bernard Wealth Management Corp. purchased a new position in Booking in the 4th quarter valued at approximately $30,000. Kapitalo Investimentos Ltda purchased a new position in Booking in the fourth quarter worth $40,000. Alpine Bank Wealth Management purchased a new position in Booking in the first quarter worth $41,000. North Capital Inc. purchased a new position in Booking in the first quarter worth $46,000. Finally, Mechanics Financial Corp bought a new stake in Booking in the first quarter worth $46,000. Institutional investors own 92.42% of the company's stock.
Booking Stock Performance
Shares of NASDAQ:BKNG traded down $117.77 on Friday, reaching $5,386.29. The company's stock had a trading volume of 199,536 shares, compared to its average volume of 194,527. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,839.41. The company has a market cap of $174.57 billion, a P/E ratio of 37.46, a PEG ratio of 1.55 and a beta of 1.41. The company has a 50-day simple moving average of $5,568.80 and a 200 day simple moving average of $5,077.69.
Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping analysts' consensus estimates of $50.32 by $5.08. The firm had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The firm's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company earned $41.90 EPS. On average, equities research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued 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 payout ratio is currently 26.71%.
Analyst Ratings Changes
Several analysts have weighed in on the stock. UBS Group boosted their price target on shares of Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Barclays upped their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday. DA Davidson increased their price target on shares of Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a report on Thursday. Benchmark restated a "buy" rating and issued a $6,200.00 target price (up previously from $6,000.00) on shares of Booking in a report on Wednesday. Finally, Truist Financial raised their target price on shares of Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a report on Monday, July 14th. Eleven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $5,781.04.
Check Out Our Latest Report on BKNG
Insider Activity at Booking
In other news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 26,633 shares in the company, valued at approximately $151,674,935. The trade was a 3.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 3,039 shares of company stock valued at $16,963,769. Insiders own 0.16% of the company's stock.
About Booking
(
Free Report)
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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