Oak Thistle LLC Boosts Holdings in Booking Holdings Inc. $BKNG

Key Points

• Oak Thistle LLC increased its Booking Holdings stake by 461.3% in the second quarter, bringing its holdings to 12,196 shares valued at approximately $2.17 million. Institutional investors collectively own 92.42% of the company.
• Booking reported quarterly revenue of $7.35 billion and adjusted earnings of $2.54 per share, exceeding analyst expectations; revenue rose 8.1% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $235.72. Booking also declared a quarterly dividend of $0.42 per share, representing a 0.8% yield.

Oak Thistle LLC boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 461.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 12,196 shares of the business services provider's stock after purchasing an additional 10,023 shares during the period. Oak Thistle LLC's holdings in Booking were worth $2,174,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Camelot Portfolios LLC purchased a new stake in shares of Booking in the fourth quarter worth about $27,000. Osbon Capital Management LLC purchased a new position in Booking during the fourth quarter valued at approximately $27,000. First Financial Corp IN lifted its holdings in Booking by 2,400.0% in the second quarter. First Financial Corp IN now owns 150 shares of the business services provider's stock valued at $27,000 after acquiring an additional 144 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in Booking in the fourth quarter valued at approximately $27,000. Finally, Strive Asset Management LLC purchased a new stake in Booking in the 3rd quarter worth approximately $27,000. Hedge funds and other institutional investors own 92.42% of the company's stock.

Insider Transactions at Booking

In related news, Director Robert J. Mylod, Jr. sold 5,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the director directly owned 16,000 shares of the company's stock, valued at approximately $3,200,000. This trade represents a 23.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of the business's stock in a transaction dated 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 sale, the vice president owned 425,075 shares in the company, valued at approximately $69,572,025.25. This trade represents a 12.82% decrease in their ownership of the stock. 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 ninety days, insiders sold 69,625 shares of company stock worth $11,652,075. 0.17% of the stock is currently owned by company insiders.

Booking Stock Down 0.3%

BKNG opened at $212.26 on Thursday. The company has a market cap of $159.49 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07. Booking Holdings Inc. has a twelve month low of $150.14 and a twelve month high of $231.80. The company has a 50-day moving average price of $182.16 and a 200 day moving average price of $176.92.

Booking (NASDAQ:BKNG - Get Free Report) last issued its 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 net margin of 25.53% and a negative return on equity of 102.96%. The business 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 earned $55.40 earnings per share. The company's quarterly revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts expect that Booking Holdings Inc. will post 10.47 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend 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%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BKNG. JPMorgan Chase & Co. decreased their target price on shares of Booking from $224.00 to $208.00 and set an "overweight" rating for the company in a research note on Wednesday, April 29th. Wedbush raised their price target on shares of Booking from $211.00 to $247.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Truist Financial set a $242.00 price objective on shares of Booking in a report on Wednesday, August 5th. B. Riley Financial reiterated a "buy" rating and issued a $274.00 price objective (up from $264.00) on shares of Booking in a research report on Wednesday, August 5th. Finally, Evercore set a $245.00 target price on shares of Booking in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Booking presently has an average rating of "Moderate Buy" and a consensus target price of $235.72.

Booking Company 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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