Boston Common Asset Management LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1,723.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 43,173 shares of the business services provider's stock after buying an additional 40,805 shares during the period. Boston Common Asset Management LLC's holdings in Booking were worth $7,695,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Private Trust Co. boosted its stake in shares of Booking by 779.4% in the 2nd quarter. Legacy Private Trust Co. now owns 2,603 shares of the business services provider's stock valued at $464,000 after purchasing an additional 2,307 shares during the last quarter. HMS Capital Management LLC grew its stake in shares of Booking by 2,361.7% during the second quarter. HMS Capital Management LLC now owns 10,807 shares of the business services provider's stock worth $1,926,000 after purchasing an additional 10,368 shares during the period. Vision Retirement LLC increased its holdings in Booking by 2,371.0% in the second quarter. Vision Retirement LLC now owns 766 shares of the business services provider's stock valued at $136,000 after purchasing an additional 735 shares during the last quarter. Leavell Investment Management Inc. lifted its stake in Booking by 2,314.6% in the second quarter. Leavell Investment Management Inc. now owns 13,425 shares of the business services provider's stock valued at $2,393,000 after buying an additional 12,869 shares during the period. Finally, SOA Wealth Advisors LLC. lifted its stake in Booking by 2,401.8% in the second quarter. SOA Wealth Advisors LLC. now owns 1,401 shares of the business services provider's stock valued at $250,000 after buying an additional 1,345 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, VP Peter J. Millones sold 62,500 shares of the company's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total value of $10,229,375.00. Following the sale, the vice president directly owned 425,075 shares of the company's stock, valued at approximately $69,572,025.25. This represents a 12.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 1,000 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $206.70, for a total transaction of $206,700.00. Following the completion of the sale, the director owned 15,000 shares of the company's stock, valued at $3,100,500. This trade represents a 6.25% 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. In the last ninety days, insiders have sold 89,625 shares of company stock worth $15,872,675. 0.17% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities analysts have issued reports on BKNG shares. Oppenheimer restated an "outperform" rating and set a $240.00 target price (up from $215.00) on shares of Booking in a report on Wednesday, August 5th. JPMorgan Chase & Co. dropped their price target on Booking from $224.00 to $208.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 29th. Robert W. Baird set a $230.00 price objective on Booking in a report on Wednesday, August 5th. Evercore set a $245.00 price objective on Booking in a research report on Wednesday, April 29th. Finally, TD Cowen reissued a "buy" rating and set a $230.00 target price (down from $240.00) on shares of Booking in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Booking presently has an average rating of "Moderate Buy" and an average target price of $235.72.
Get Our Latest Stock Analysis on Booking
Booking Stock Up 0.5%
BKNG stock opened at $213.34 on Friday. The company has a market cap of $160.30 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 1.28 and a beta of 1.07. Booking Holdings Inc. has a twelve month low of $150.14 and a twelve month high of $231.80. The business has a 50 day moving average price of $183.08 and a two-hundred day moving average price of $177.00.
Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter in the prior year, the firm posted $55.40 EPS. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts anticipate that Booking Holdings Inc. will post 10.47 EPS for the current fiscal 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 yield of 0.8%. The ex-dividend date of this dividend is Friday, September 11th. Booking's dividend payout ratio is 18.58%.
About Booking
(
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.
See Also
Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).
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