BlackRock Inc. acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 65,340,562 shares of the business services provider's stock, valued at approximately $11,646,302,000. BlackRock Inc. owned 8.70% of Booking at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Dunhill Financial LLC purchased a new position in shares of Booking during the second quarter worth approximately $608,000. Pallas Capital Advisors LLC purchased a new stake in shares of Booking in the second quarter valued at approximately $710,000. Deutsche Bank AG bought a new position in Booking in the second quarter worth approximately $1,691,186,000. Perigon Wealth Management LLC bought a new position in Booking in the second quarter worth approximately $1,322,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in Booking in the second quarter worth approximately $1,205,000. 92.42% of the stock is currently owned by institutional investors.
Booking Trading Down 3.4%
BKNG opened at $204.76 on Tuesday. The firm has a market cap of $153.85 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 1.28 and a beta of 1.07. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $231.80. The stock has a fifty day moving average price of $184.85 and a 200-day moving average price of $176.85.
Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data 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 negative return on equity of 102.96% and a net margin of 25.53%.The company had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter last year, the company earned $55.40 earnings per share. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that Booking Holdings Inc. will post 10.47 EPS for the current year.
Booking Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, September 11th. Booking's dividend payout ratio is presently 18.58%.
Insider Activity
In related news, CFO Ewout L. Steenbergen sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The shares were 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. The trade was a 25.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total transaction of $216,000.00. Following the sale, the director directly owned 16,508 shares of the company's stock, valued at $3,169,536. The trade was 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. In the last ninety days, insiders sold 89,625 shares of company stock valued at $15,872,675. Corporate insiders own 0.17% of the company's stock.
Wall Street Analysts Forecast Growth
BKNG has been the subject of a number of research analyst reports. Royal Bank Of Canada decreased their target price on Booking from $244.00 to $220.00 and set an "outperform" rating for the company in a research report on Wednesday, April 29th. BTIG Research reissued a "buy" rating and set a $250.00 price target on shares of Booking in a research report on Wednesday, August 5th. Evercore set a $245.00 price objective on Booking in a report on Wednesday, April 29th. Wedbush upped their price objective on shares of Booking from $211.00 to $247.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Booking from $224.00 to $208.00 and set an "overweight" rating for the company in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, Booking has an average rating of "Moderate Buy" and a consensus price target of $235.72.
Get Our Latest 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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