Booking Holdings Inc. $BKNG Stock Position Raised by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings increased its Booking Holdings position by 15.1% in the third quarter, bringing its stake to 137,559 shares valued at approximately $22.4 million. Institutional investors and hedge funds collectively own 92.42% of BKNG.
• Booking reported quarterly revenue of $7.35 billion and adjusted earnings of $2.54 per share, exceeding analyst estimates; revenue rose 8.1% year over year. The company also paid a quarterly dividend of $0.42 per share, yielding about 1.1% annually.
• BKNG shares opened at $158.38, near their 12-month low of $150.14 and down from recent moving-average levels. Analysts maintain a “Moderate Buy” consensus with an average price target of $233.71, despite insiders selling $17.4 million in stock during the quarter.

Crossmark Global Holdings Inc. lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 15.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,559 shares of the business services provider's stock after buying an additional 18,035 shares during the period. Crossmark Global Holdings Inc.'s holdings in Booking were worth $22,410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BKNG. BlackRock Inc. acquired a new stake in Booking in the 2nd quarter valued at about $11,646,302,000. State Street Corp lifted its stake in Booking by 2,674.6% in the 2nd quarter. State Street Corp now owns 39,420,711 shares of the business services provider's stock worth $7,026,348,000 after purchasing an additional 37,999,915 shares in the last quarter. Deutsche Bank AG purchased a new position in Booking in the 2nd quarter worth approximately $1,691,186,000. Bank of New York Mellon Corp acquired a new position in shares of Booking during the 2nd quarter worth approximately $1,370,455,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Booking by 2,525.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,101,866 shares of the business services provider's stock worth $1,087,597,000 after purchasing an additional 5,869,459 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Booking

In other news, insider Paulo Pisano sold 3,000 shares of the business's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $203.48, for a total value of $610,440.00. Following the sale, the insider directly owned 73,400 shares of the company's stock, valued at approximately $14,935,432. The trade was a 3.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ewout L. Steenbergen sold 20,000 shares of the company'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 approximately $12,618,327.82. This represents a 25.06% decrease in their ownership of the stock. 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 a total of 84,550 shares of company stock valued at $17,426,864 over the last quarter. 0.17% of the stock is owned by insiders.

Booking Trading Down 3.4%

NASDAQ BKNG opened at $158.38 on Thursday. The stock has a market cap of $119.00 billion, a PE ratio of 17.53, a P/E/G ratio of 1.01 and a beta of 1.13. Booking Holdings Inc. has a twelve month low of $150.14 and a twelve month high of $220.81. The stock has a fifty day simple moving average of $179.02 and a 200-day simple moving average of $177.43.

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 (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 the consensus estimate 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 period last year, the company earned $55.40 EPS. Research analysts predict that Booking Holdings Inc. will post 10.48 EPS for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Booking's dividend payout ratio (DPR) is 18.58%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BKNG shares. Argus upped their price target on Booking from $210.00 to $245.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Piper Sandler reiterated a "neutral" rating and set a $215.00 price objective (up from $195.00) on shares of Booking in a research report on Wednesday, August 5th. B. Riley Financial reissued a "buy" rating and set a $274.00 price objective (up from $264.00) on shares of Booking in a research note on Wednesday, August 5th. Robert W. Baird set a $230.00 target price on Booking in a report on Wednesday, August 5th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $250.00 target price on shares of Booking in a research note on Thursday, September 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $233.71.

Booking Profile

Booking Holdings Inc is a global online travel and restaurant-reservation company that connects consumers with travel providers through digital platforms and mobile applications. Its services include accommodations, flights, rental cars, cruises, vacation packages, restaurant reservations and other travel-related offerings.

The company operates a portfolio of well-known brands, including Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and Kayak-associated travel services.

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