HMS Capital Management LLC Has $1.93 Million Position in Booking Holdings Inc. $BKNG

Key Points

• HMS Capital Management increased its Booking Holdings stake by 2,361.7% in the second quarter, bringing its position to 10,807 shares valued at approximately $1.93 million. Institutional investors and hedge funds collectively own 92.42% of the company.
• Analysts maintain a generally positive outlook, with Booking receiving a “Moderate Buy” consensus rating and an average price target of $235.72, compared with a recent share price of $213.34.
• Booking exceeded quarterly expectations, reporting $2.54 in earnings per share and $7.35 billion in revenue, with revenue rising 8.1% year over year. The company also declared a quarterly dividend of $0.42 per share, equal to a 0.8% annualized yield.

HMS Capital Management LLC lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2,361.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,807 shares of the business services provider's stock after purchasing an additional 10,368 shares during the quarter. Booking accounts for about 0.7% of HMS Capital Management LLC's portfolio, making the stock its 24th largest position. HMS Capital Management LLC's holdings in Booking were worth $1,926,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Booking by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,997,949 shares of the business services provider's stock valued at $16,055,006,000 after buying an additional 23,159 shares in the last quarter. J. Stern & Co. LLP lifted its stake in shares of Booking by 191,965.8% in the 4th quarter. J. Stern & Co. LLP now owns 2,832,970 shares of the business services provider's stock valued at $15,171,489,000 after acquiring an additional 2,831,495 shares during the last quarter. State Street Corp lifted its stake in shares of Booking by 0.5% in the 4th quarter. State Street Corp now owns 1,435,116 shares of the business services provider's stock valued at $7,685,520,000 after acquiring an additional 6,976 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Booking by 15.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 966,121 shares of the business services provider's stock valued at $5,173,899,000 after acquiring an additional 128,700 shares in the last quarter. Finally, Bank of Nova Scotia boosted its holdings in shares of Booking by 1,497.3% during the 1st quarter. Bank of Nova Scotia now owns 870,520 shares of the business services provider's stock valued at $3,665,168,000 after acquiring an additional 816,022 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of recent research reports. DA Davidson set a $240.00 target price on Booking in a report on Thursday, August 6th. JPMorgan Chase & Co. cut their price target on Booking from $224.00 to $208.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 29th. B. Riley Financial restated a "buy" rating and set a $274.00 price target (up from $264.00) on shares of Booking in a report on Wednesday, August 5th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Booking in a research note on Thursday, June 11th. Finally, Weiss Ratings upgraded shares of Booking from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, May 29th. One 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 company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $235.72.

Booking Price Performance

Shares of BKNG opened at $213.34 on Friday. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $231.80. The company has a market capitalization of $160.30 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07. The business has a 50-day moving average of $183.08 and a 200-day moving average of $177.00.

Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results 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. The business had revenue of $7.35 billion for the quarter, compared to analysts' expectations of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The firm's revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $55.40 earnings per share. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 10.47 EPS for the current year.

Booking Announces Dividend

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

Insider Activity

In related news, VP Peter J. Millones sold 62,500 shares of Booking stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the completion of the transaction, the vice president owned 425,075 shares of the company's stock, valued at $69,572,025.25. This trade represents a 12.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the business's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the transaction, the director owned 16,508 shares in the company, valued at approximately $3,169,536. The trade was a 6.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 89,625 shares of company stock valued at $15,872,675. Company insiders own 0.17% of the company's stock.

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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