TD Asset Management Inc Increases Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Key Points

• TD Asset Management Inc increased its stake in Booking Holdings by 182.2% during Q1, now owning about 0.32% of the company valued at approximately $482 million.
• Booking's recent earnings report revealed $24.81 earnings per share, significantly exceeding analyst expectations of $17.57, with revenues of $4.76 billion.
• The company announced a quarterly dividend of $9.60 per share, representing a 0.68% dividend yield, with a payout ratio of 23.89%.

TD Asset Management Inc increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 182.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,643 shares of the business services provider's stock after purchasing an additional 67,562 shares during the quarter. TD Asset Management Inc owned 0.32% of Booking worth $482,081,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock valued at $1,249,000 after buying an additional 65 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in Booking during the 4th quarter worth approximately $209,000. Congress Wealth Management LLC DE boosted its position in Booking by 5.4% during the 4th quarter. Congress Wealth Management LLC DE now owns 195 shares of the business services provider's stock worth $973,000 after buying an additional 10 shares during the period. UNIVEST FINANCIAL Corp acquired a new stake in Booking during the 4th quarter worth approximately $219,000. Finally, Blair William & Co. IL boosted its position in Booking by 2.3% during the 4th quarter. Blair William & Co. IL now owns 2,749 shares of the business services provider's stock worth $13,661,000 after buying an additional 61 shares during the period. Institutional investors own 92.42% of the company's stock.

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $5,695.00, for a total value of $5,769,035.00. Following the sale, the chief executive officer directly owned 26,633 shares of the company's stock, valued at approximately $151,674,935. This represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 3,039 shares of company stock valued at $16,963,769 over the last quarter. Corporate insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Morgan Stanley decreased their target price on shares of Booking from $5,800.00 to $5,650.00 and set an "equal weight" rating for the company in a research report on Wednesday. Piper Sandler increased their target price on shares of Booking from $5,077.00 to $5,750.00 and gave the company a "neutral" rating in a research report on Wednesday. Royal Bank Of Canada increased their target price on shares of Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, UBS Group increased their target price on shares of Booking from $5,750.00 to $6,300.00 and gave the company a "buy" rating in a research report on Monday. Eleven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $5,718.07.

Booking Stock Performance

NASDAQ BKNG traded up $14.94 during trading on Wednesday, hitting $5,605.71. 209,622 shares of the company's stock traded hands, compared to its average volume of 253,695. The stock has a market capitalization of $182.41 billion, a price-to-earnings ratio of 34.95, a PEG ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,839.41. The business has a 50 day moving average of $5,558.09 and a 200-day moving average of $5,061.42.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating the consensus estimate of $50.32 by $5.08. The business had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The company's revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $41.90 earnings per share. On average, analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

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 issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.69%. Booking's payout ratio is 23.89%.

Booking 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.