Trajan Wealth LLC acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 249,181 shares of the business services provider's stock, valued at approximately $44,414,000. Booking makes up 1.7% of Trajan Wealth LLC's holdings, making the stock its 14th largest holding.
Several other institutional investors have also modified their holdings of BKNG. Camelot Portfolios LLC acquired a new position in Booking during the fourth quarter worth about $27,000. Osbon Capital Management LLC bought a new stake in Booking in the fourth quarter worth about $27,000. Mcguire Capital Advisors Inc. acquired a new stake in Booking in the 4th quarter valued at about $27,000. Strive Asset Management LLC acquired a new stake in Booking in the 3rd quarter valued at about $27,000. Finally, Swiss RE Ltd. bought a new position in shares of Booking during the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 92.42% of the company's stock.
Booking Stock Up 1.8%
Shares of Booking stock opened at $213.36 on Tuesday. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $230.98. The stock has a market cap of $160.31 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 1.27 and a beta of 1.07. The business has a fifty day simple moving average of $189.38 and a 200-day simple moving average of $177.09.
Booking (NASDAQ:BKNG - Get Free Report) last posted 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 firm had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.Booking's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $55.40 earnings per share. Analysts expect that Booking Holdings Inc. will post 10.47 EPS for the current fiscal year.
Booking Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.42 per share. 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 payout ratio is 18.58%.
Insiders Place Their Bets
In related news, VP Peter J. Millones sold 50,050 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $207.59, for a total transaction of $10,389,879.50. Following the completion of the sale, the vice president directly owned 375,025 shares in the company, valued at approximately $77,851,439.75. This trade represents a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 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 transaction, the director directly owned 16,508 shares in the company, valued at $3,169,536. The trade was a 6.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 77,550 shares of company stock worth $16,112,304 over the last quarter. Company insiders own 0.17% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on BKNG. Barclays set a $210.00 price objective on shares of Booking and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. Benchmark raised their target price on shares of Booking from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Oppenheimer restated an "outperform" rating and issued a $240.00 price target (up from $215.00) on shares of Booking in a research report on Wednesday, August 5th. UBS Group upped their price target on Booking from $266.00 to $274.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Finally, 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. One investment 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 stock. Based on data from MarketBeat.com, Booking has an average rating of "Moderate Buy" and an average target price of $236.45.
Read Our Latest Research Report on BKNG
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.
See Also
Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).
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