Danske Bank A S Purchases Shares of 413,181 Booking Holdings Inc. $BKNG

Danske Bank A S purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 413,181 shares of the business services provider's stock, valued at approximately $73,645,000. Danske Bank A S owned about 0.05% of Booking at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Diversify Advisory Services LLC bought a new stake in Booking during the second quarter valued at approximately $980,000. Oxbow Advisors LLC purchased a new position in Booking in the 2nd quarter worth approximately $8,040,000. Wealthfront Advisers LLC bought a new position in shares of Booking in the 2nd quarter worth $10,274,000. First National Bank of Omaha bought a new position in shares of Booking in the 2nd quarter worth $4,297,000. Finally, HS Management Partners LLC purchased a new stake in shares of Booking during the 2nd quarter valued at $10,619,000. Institutional investors own 92.42% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BKNG shares. B. Riley Financial reiterated a "buy" rating and issued a $274.00 target price (up from $264.00) on shares of Booking in a research report on Wednesday, August 5th. Gordon Haskett raised their price target on Booking from $217.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Wells Fargo & Company set a $220.00 price target on Booking and gave the company an "equal weight" rating in a research report on Wednesday, August 5th. The Goldman Sachs Group set a $215.00 price target on Booking and gave the stock a "neutral" rating in a research note on Monday, July 20th. Finally, Truist Financial set a $242.00 price objective on Booking in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $235.72.

Booking Trading Up 1.7%

BKNG opened at $208.20 on Wednesday. The company has a market cap of $156.44 billion, a P/E ratio of 23.04, a P/E/G ratio of 1.28 and a beta of 1.07. The business's 50-day moving average price is $185.74 and its 200-day moving average price is $177.06. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $231.80.

Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share 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 analysts' expectations of $7.19 billion. During the same period in the prior year, the business posted $55.40 EPS. Booking's quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts forecast that Booking Holdings Inc. will post 10.47 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, September 11th. Booking's dividend payout ratio is 18.58%.

Insider Buying and Selling

In other news, Director Robert J. Mylod, Jr. sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $206.70, for a total value of $206,700.00. Following the transaction, the director owned 15,000 shares in the company, valued at approximately $3,100,500. This trade represents a 6.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 375 shares of Booking stock in a transaction on Monday, August 17th. The stock was sold at an average price of $211.00, for a total transaction of $79,125.00. Following the completion of the transaction, the director directly owned 16,133 shares in the company, valued at approximately $3,404,063. The trade was a 2.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 140,050 shares of company stock worth $26,341,680. 0.17% of the stock is owned by company insiders.

Booking Profile

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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