Boston Trust Walden Corp increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2,291.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,480 shares of the business services provider's stock after purchasing an additional 214,135 shares during the period. Boston Trust Walden Corp's holdings in Booking were worth $39,833,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Life Cycle Investment Partners Ltd purchased a new stake in Booking during the fourth quarter valued at $361,463,000. Merit Financial Group LLC grew its stake in shares of Booking by 1,663.9% in the 2nd quarter. Merit Financial Group LLC now owns 28,698 shares of the business services provider's stock worth $5,115,000 after buying an additional 27,071 shares in the last quarter. Rit Capital Partners PLC purchased a new position in shares of Booking in the 4th quarter worth $51,396,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Booking in the 4th quarter worth about $210,352,000. Finally, Cardano Risk Management B.V. increased its holdings in shares of Booking by 862.0% in the 4th quarter. Cardano Risk Management B.V. now owns 218,080 shares of the business services provider's stock worth $1,167,890,000 after buying an additional 195,411 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.
Insider Transactions at Booking
In related news, Director Vanessa Ames Wittman sold 1,125 shares of Booking stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $192.00, for a total value of $216,000.00. Following the completion of the sale, the director directly owned 16,508 shares in the company, valued at $3,169,536. The trade was a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of the company's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the completion of the sale, the vice president directly owned 425,075 shares of the company's stock, valued at approximately $69,572,025.25. This trade represents a 12.82% 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 sold a total of 89,625 shares of company stock worth $15,872,675 over the last quarter. 0.17% of the stock is owned by corporate insiders.
Booking Stock Performance
Shares of NASDAQ:BKNG opened at $212.06 on Friday. The firm's 50 day simple moving average is $184.00 and its 200-day simple moving average is $176.84. Booking Holdings Inc. has a one year low of $150.14 and a one year high of $231.80. The firm has a market cap of $159.34 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07.
Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) 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 firm had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same quarter in the previous year, the business earned $55.40 earnings per share. Booking's quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts predict that Booking Holdings Inc. will post 10.47 EPS for the current fiscal year.
Booking Announces Dividend
The company also recently announced 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. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. Booking's payout ratio is 18.58%.
Analyst Upgrades and Downgrades
BKNG has been the subject of a number of analyst reports. Wedbush increased their price target on shares of Booking from $211.00 to $247.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. decreased their price objective on Booking from $224.00 to $208.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 29th. Benchmark raised their price objective on Booking from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Truist Financial set a $242.00 target price on Booking in a report on Wednesday, August 5th. Finally, BTIG Research reissued a "buy" rating and set a $250.00 target price on shares of Booking in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $235.72.
Check Out Our Latest Stock Report on BKNG
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.
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