Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by MGO One Seven LLC

Key Points

• MGO One Seven LLC increased its stake in Booking Holdings Inc. by 16.1%, owning 706 shares valued at approximately $3.25 million.
• Booking's CEO, Glenn D. Fogel, sold 1,013 shares for $5.77 million, resulting in a 3.66% decrease in his holdings.
• The company will pay a quarterly dividend of $9.60 on September 30th, representing an annual yield of 0.7%.

MGO One Seven LLC grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 16.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 706 shares of the business services provider's stock after purchasing an additional 98 shares during the quarter. MGO One Seven LLC's holdings in Booking were worth $3,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new stake in Booking during the fourth quarter worth approximately $30,000. Kapitalo Investimentos Ltda acquired a new position in shares of Booking in the 4th quarter valued at $40,000. Alpine Bank Wealth Management acquired a new position in shares of Booking in the 1st quarter valued at $41,000. North Capital Inc. acquired a new position in shares of Booking in the 1st quarter valued at $46,000. Finally, Mechanics Financial Corp acquired a new position in shares of Booking in the 1st quarter valued at $46,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Insiders Place Their Bets

In related 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 transaction, the chief executive officer owned 26,633 shares of the company's stock, valued at approximately $151,674,935. The trade was a 3.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over 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.

Booking Trading Down 1.9%

Shares of BKNG stock opened at $5,504.06 on Friday. The firm has a 50-day moving average price of $5,567.73 and a 200 day moving average price of $5,070.33. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,839.41. The company has a market capitalization of $178.39 billion, a price-to-earnings ratio of 38.28, a PEG ratio of 1.68 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last announced its 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 net margin of 19.23% and a negative return on equity of 134.19%. The firm had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter in the previous year, the company posted $41.90 EPS. The firm's revenue for the quarter was up 16.0% on a year-over-year basis. As a group, research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking's payout ratio is 23.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BKNG shares. B. Riley reaffirmed a "buy" rating and issued a $6,700.00 target price (up from $6,100.00) on shares of Booking in a report on Wednesday. Barclays lifted their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a report on Wednesday. Bank of America lifted their target price on shares of Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Wedbush reaffirmed a "neutral" rating and issued a $5,900.00 target price on shares of Booking in a report on Wednesday. Finally, BTIG Research upgraded shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective on the stock in a research report on Friday, April 4th. Eleven 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $5,718.07.

Booking Company Profile

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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