Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 102,560 shares of the business services provider's stock, valued at approximately $18,278,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Booking in the second quarter valued at approximately $11,687,000. MBM Wealth Consultants LLC lifted its holdings in Booking by 2,860.8% during the 2nd quarter. MBM Wealth Consultants LLC now owns 12,554 shares of the business services provider's stock worth $2,238,000 after purchasing an additional 12,130 shares during the last quarter. Life Cycle Investment Partners Ltd bought a new stake in Booking in the 4th quarter valued at $361,463,000. Merit Financial Group LLC boosted its stake in 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 valued at $5,115,000 after purchasing an additional 27,071 shares during the period. Finally, Rit Capital Partners PLC acquired a new position in Booking in the 4th quarter valued at $51,396,000. Institutional investors own 92.42% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. Piper Sandler reiterated a "neutral" rating and set a $215.00 price objective (up from $195.00) on shares of Booking in a research report on Wednesday, August 5th. Truist Financial set a $242.00 target price on shares of Booking in a research report on Wednesday, August 5th. The Goldman Sachs Group set a $215.00 price target on shares of Booking and gave the company a "neutral" rating in a research note on Monday, July 20th. BTIG Research reaffirmed a "buy" rating and set a $250.00 price target on shares of Booking in a research report on Thursday. Finally, Cantor Fitzgerald lifted their price objective on shares of Booking from $175.00 to $220.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Booking has an average rating of "Moderate Buy" and a consensus target price of $236.45.
Read Our Latest Analysis on BKNG
Insider Activity
In related news, Director Vanessa Ames Wittman sold 1,125 shares of the stock in a transaction that occurred 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 sale, the director owned 16,508 shares in the company, valued at approximately $3,169,536. This trade represents a 6.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $200.00, for a total transaction of $1,000,000.00. Following the sale, the director owned 16,000 shares in the company, valued at $3,200,000. This represents a 23.81% 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. Insiders have sold a total of 77,550 shares of company stock valued at $16,112,304 over the last quarter. 0.17% of the stock is owned by corporate insiders.
Booking Stock Performance
BKNG opened at $205.63 on Friday. The firm has a market cap of $154.51 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 1.22 and a beta of 1.07. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $226.10. The business's fifty day moving average is $192.18 and its 200-day moving average is $177.64.
Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 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 business had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter in the previous year, the firm earned $55.40 earnings per share. Booking's revenue for the quarter was up 8.1% compared to the same quarter last year. On average, research analysts predict that Booking Holdings Inc. will post 10.47 earnings per share 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 issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, September 11th. Booking's dividend payout ratio (DPR) is currently 18.58%.
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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