Fiduciary Family Office LLC Acquires New Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Key Points

• Fiduciary Family Office LLC acquired a new stake in Booking Holdings Inc., purchasing 124 shares valued at approximately $571,000 during the first quarter.
• Analysts have increased their price targets for Booking Holdings, with Evercore ISI raising theirs to $6,250.00 and several others assigning "outperform" or "buy" ratings.
• Booking Holdings recently announced a quarterly dividend of $9.60 per share, with a payout ratio of 26.71%, to be paid out on September 30th.

Fiduciary Family Office LLC acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 124 shares of the business services provider's stock, valued at approximately $571,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kapitalo Investimentos Ltda acquired a new position in Booking in the 4th quarter valued at about $40,000. Alpine Bank Wealth Management acquired a new position in Booking in the 1st quarter valued at about $41,000. Minot DeBlois Advisors LLC acquired a new position in Booking in the 4th quarter valued at about $50,000. North Capital Inc. acquired a new position in Booking in the 1st quarter valued at about $46,000. Finally, Mechanics Financial Corp acquired a new position in Booking in the 1st quarter valued at about $46,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Performance

NASDAQ:BKNG traded down $8.56 during trading hours on Wednesday, hitting $5,452.98. The company's stock had a trading volume of 146,727 shares, compared to its average volume of 251,149. The business's 50-day moving average is $5,565.94 and its two-hundred day moving average is $5,107.65. The company has a market capitalization of $176.73 billion, a PE ratio of 37.92, a PEG ratio of 1.55 and a beta of 1.41. Booking Holdings Inc. has a 52-week low of $3,557.64 and a 52-week high of $5,839.41.

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 (EPS) for the quarter, topping the consensus estimate of $50.32 by $5.08. The firm had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%. Booking's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $41.90 earnings per share. As a group, analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BKNG. Robert W. Baird lifted their target price on Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. UBS Group boosted their price objective on Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Citigroup boosted their price objective on Booking from $5,560.00 to $6,500.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Morgan Stanley set a $5,650.00 price objective on Booking and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Booking presently has an average rating of "Moderate Buy" and a consensus target price of $5,781.04.

Insider Buying and Selling at Booking

In other 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 value of $5,769,035.00. Following the completion of the transaction, the chief executive officer owned 26,633 shares in the company, valued at $151,674,935. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 3,039 shares of company stock valued at $16,963,769 in the last three months. Company insiders own 0.16% of the company's stock.

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.