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Ontario Teachers Pension Plan Board Grows Position in Booking Holdings Inc. (NASDAQ:BKNG)

Booking logo with Retail/Wholesale background

Key Points

  • Ontario Teachers Pension Plan Board increased its stake in Booking Holdings Inc. by 37.4%, acquiring a total of 529 shares valued at approximately $2.4 million.
  • Booking reported a 55.4 EPS for the last quarter, exceeding estimates by $5.08, and achieved a revenue of $6.8 billion, a 16.0% year-over-year increase.
  • Wall Street analysts have a consensus rating of "Moderate Buy" for Booking, with a target price increased by various analysts, now around $6,300 to $6,500.
  • Want stock alerts on Booking? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Ontario Teachers Pension Plan Board lifted its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 37.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 529 shares of the business services provider's stock after buying an additional 144 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Booking were worth $2,437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BKNG. Kapitalo Investimentos Ltda acquired a new position in Booking in the fourth quarter valued at about $40,000. Alpine Bank Wealth Management acquired a new position in shares of Booking in the first quarter valued at approximately $41,000. North Capital Inc. acquired a new position in shares of Booking in the first quarter valued at approximately $46,000. Mechanics Financial Corp acquired a new position in shares of Booking in the first quarter valued at approximately $46,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in Booking during the 4th quarter valued at approximately $50,000. 92.42% of the stock is owned by institutional investors.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was 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 of the company's stock, valued at $151,674,935. This represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 3,039 shares of company stock valued at $16,963,769 in the last quarter. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on BKNG shares. Wedbush reaffirmed a "neutral" rating and set a $5,900.00 price objective on shares of Booking in a research report on Wednesday, July 30th. JPMorgan Chase & Co. raised their price objective on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Susquehanna raised their price objective on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Hsbc Global Res raised shares of Booking to a "strong-buy" rating in a research report on Thursday, July 17th. Finally, Citigroup increased their target price 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 investment 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 company. According to data from MarketBeat.com, Booking has an average rating of "Moderate Buy" and an average target price of $5,781.04.

View Our Latest Research Report on BKNG

Booking Price Performance

Shares of BKNG traded up $90.18 during midday trading on Tuesday, hitting $5,454.43. 53,012 shares of the company traded hands, compared to its average volume of 251,402. The stock has a 50-day moving average of $5,566.21 and a 200-day moving average of $5,105.18. Booking Holdings Inc. has a one year low of $3,472.50 and a one year high of $5,839.41. The firm has a market cap of $176.78 billion, a P/E ratio of 37.93, a PEG ratio of 1.56 and a beta of 1.41.

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

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, September 5th. Booking's dividend payout ratio is 26.71%.

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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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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