Poehling Capital Management INC. increased its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2,467.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,344 shares of the business services provider's stock after buying an additional 7,058 shares during the period. Poehling Capital Management INC.'s holdings in Booking were worth $1,309,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of BKNG. Life Cycle Investment Partners Ltd bought a new stake in shares of Booking in the 4th quarter worth $361,463,000. Rit Capital Partners PLC bought a new position in shares of Booking during the fourth quarter valued at about $51,396,000. Eurizon Capital SGR S.p.A. purchased a new position in Booking during the fourth quarter worth about $210,352,000. Cardano Risk Management B.V. boosted its holdings in Booking by 862.0% during the fourth quarter. Cardano Risk Management B.V. now owns 218,080 shares of the business services provider's stock worth $1,167,890,000 after purchasing an additional 195,411 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in Booking by 36.7% in the 4th quarter. ProShare Advisors LLC now owns 56,087 shares of the business services provider's stock worth $300,364,000 after purchasing an additional 15,053 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.
Wall Street Analyst Weigh In
BKNG has been the subject of several analyst reports. DA Davidson set a $240.00 price objective on shares of Booking in a research note on Thursday, August 6th. The Goldman Sachs Group set a $215.00 target price on Booking and gave the company a "neutral" rating in a report on Monday, July 20th. Mizuho set a $240.00 price target on Booking in a research report on Wednesday, August 5th. Citigroup reiterated a "buy" rating and set a $236.00 price target (up from $225.00) on shares of Booking in a report on Wednesday, August 5th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $250.00 price objective (up from $240.00) on shares of Booking in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $235.72.
Get Our Latest Report on Booking
Booking Trading Down 0.3%
BKNG opened at $212.26 on Thursday. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $231.80. 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. The company has a 50 day moving average of $182.16 and a 200 day moving average of $176.92.
Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly 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. The company had revenue of $7.35 billion during 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 quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $55.40 earnings per share. Research analysts forecast that Booking Holdings Inc. will post 10.47 earnings per share for the current fiscal year.
Booking Dividend Announcement
The business 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 dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, September 11th. Booking's payout ratio is presently 18.58%.
Insider Buying and Selling at Booking
In other news, Director Robert J. Mylod, Jr. sold 5,000 shares of the company'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 sale, the director directly owned 16,000 shares in the company, valued at $3,200,000. This represents a 23.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of the stock in a transaction dated Tuesday, May 26th. The stock was 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 directly owned 425,075 shares in the company, valued at approximately $69,572,025.25. The trade was a 12.82% 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. Insiders sold 69,625 shares of company stock valued at $11,652,075 in the last quarter. 0.17% of the stock is currently owned by corporate insiders.
Booking Company Profile
(
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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