Trillium Asset Management LLC Acquires 3,622 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Key Points

• Trillium Asset Management LLC significantly increased its stake in Booking Holdings Inc. by 668.3% during the first quarter, owning a total of 4,164 shares valued at approximately $19.19 million.
• Booking Holdings reported a quarterly earnings per share of $55.40, exceeding estimates by $5.08, with revenue of $6.80 billion, marking a 16% year-over-year growth.
• The company announced a quarterly dividend of $9.60 per share, with an anticipated annual yield of 0.7%, payable on September 30th.

Trillium Asset Management LLC boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 668.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,164 shares of the business services provider's stock after purchasing an additional 3,622 shares during the period. Trillium Asset Management LLC's holdings in Booking were worth $19,185,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Eagle Global Advisors LLC lifted its stake in Booking by 0.8% during the first quarter. Eagle Global Advisors LLC now owns 2,974 shares of the business services provider's stock worth $13,701,000 after purchasing an additional 24 shares during the period. Todd Asset Management LLC lifted its stake in Booking by 72.0% during the first quarter. Todd Asset Management LLC now owns 9,771 shares of the business services provider's stock worth $45,013,000 after purchasing an additional 4,089 shares during the period. AIA Group Ltd lifted its stake in Booking by 2.1% during the first quarter. AIA Group Ltd now owns 2,567 shares of the business services provider's stock worth $11,826,000 after purchasing an additional 54 shares during the period. Mainsail Asset Management LLC lifted its stake in Booking by 4.4% during the first quarter. Mainsail Asset Management LLC now owns 47 shares of the business services provider's stock worth $217,000 after purchasing an additional 2 shares during the period. Finally, WP Advisors LLC lifted its stake in Booking by 0.3% during the first quarter. WP Advisors LLC now owns 638 shares of the business services provider's stock worth $2,937,000 after purchasing an additional 2 shares during the period. Institutional investors own 92.42% of the company's stock.

Booking Price Performance

Shares of NASDAQ BKNG traded down $30.48 during midday trading on Friday, reaching $5,454.29. 157,977 shares of the stock were exchanged, compared to its average volume of 205,158. The company has a market capitalization of $176.77 billion, a price-to-earnings ratio of 37.93, a P/E/G ratio of 1.58 and a beta of 1.41. Booking Holdings Inc. has a 12 month low of $3,592.28 and a 12 month high of $5,839.41. The business has a 50-day simple moving average of $5,558.84 and a two-hundred day simple moving average of $5,120.89.

Booking (NASDAQ:BKNG - Get Free Report) last posted 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 analysts' expectations of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The firm's revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $41.90 EPS. Equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's payout ratio is currently 26.71%.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction on 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. The trade was a 3.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 3,039 shares of company stock valued at $16,963,769. Insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

BKNG has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted 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 note on Wednesday, July 30th. Barclays lifted their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Truist Financial lifted their target price on shares of Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a research note on Monday, July 14th. Benchmark reiterated a "buy" rating and issued a $6,200.00 target price (up previously from $6,000.00) on shares of Booking in a research note on Wednesday, July 30th. Finally, UBS Group lifted 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 note on Monday, July 28th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $5,781.04.

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.