Brooklyn Investment Group Buys 118 Shares of Booking Holdings Inc. $BKNG

Key Points

• Brooklyn Investment Group increased its stake in Booking Holdings Inc. by 54.6% during the first quarter, acquiring an additional 118 shares, bringing its total holdings to 334 shares valued at $1,534,000.
• Analysts have upgraded their price targets for Booking, with Benchmark setting a new target of $6,200, while B. Riley raised theirs to $6,700, reflecting a positive outlook on the company's performance.
• Booking Holdings recently announced a quarterly dividend of $9.60 per share, with a yield of 0.7%, to be paid on September 30th to investors of record.

Brooklyn Investment Group boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 54.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 334 shares of the business services provider's stock after acquiring an additional 118 shares during the period. Brooklyn Investment Group's holdings in Booking were worth $1,534,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Keystone Global Partners LLC bought a new position in Booking during the first quarter worth about $32,000. Kapitalo Investimentos Ltda bought a new position in Booking during the fourth quarter worth about $40,000. Alpine Bank Wealth Management bought a new position in Booking during the first quarter worth about $41,000. North Capital Inc. bought a new position in Booking during the first quarter worth about $46,000. Finally, Mechanics Financial Corp bought a new position in Booking during the first quarter worth about $46,000. 92.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BKNG has been the topic of several recent research reports. Benchmark reissued a "buy" rating and issued a $6,200.00 price target (up previously from $6,000.00) on shares of Booking in a research note on Wednesday, July 30th. Wedbush reissued a "neutral" rating and issued a $5,900.00 price target on shares of Booking in a research note on Wednesday, July 30th. Morgan Stanley set a $5,650.00 price target on Booking and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada lifted their price target on Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, B. Riley reissued a "buy" rating and issued a $6,700.00 price target (up previously from $6,100.00) on shares of Booking in a research note on Wednesday, July 30th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Booking presently has a consensus rating of "Moderate Buy" and an average target price of $5,781.04.

Booking Price Performance

NASDAQ BKNG opened at $5,454.29 on Monday. The stock has a market capitalization of $176.77 billion, a PE ratio of 37.93, a PEG ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,592.28 and a fifty-two week high of $5,839.41. The business has a fifty day moving average price of $5,558.84 and a two-hundred day moving average price of $5,126.10.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data 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 company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter last year, the business posted $41.90 EPS. Booking's revenue for the quarter was up 16.0% on a year-over-year basis. As a group, sell-side analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

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

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the completion of the transaction, the chief executive officer directly owned 26,633 shares of the company's stock, valued at $151,674,935. This trade represents a 3.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 3,039 shares of company stock worth $16,963,769. 0.16% of the stock is owned by company insiders.

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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