Vega Investment Solutions acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 61,750 shares of the business services provider's stock, valued at approximately $11,132,000. Booking comprises approximately 1.6% of Vega Investment Solutions' portfolio, making the stock its 14th biggest holding.
A number of other hedge funds and other institutional investors also recently made changes to their positions in BKNG. BlackRock Inc. acquired a new stake in shares of Booking during the second quarter worth $11,646,302,000. Deutsche Bank AG acquired a new position in Booking in the second quarter valued at $1,691,186,000. Bank of New York Mellon Corp bought a new stake in Booking during the second quarter valued at $1,370,455,000. J. Stern & Co. LLP boosted its position in Booking by 191,965.8% during the fourth quarter. J. Stern & Co. LLP now owns 2,832,970 shares of the business services provider's stock valued at $15,171,489,000 after acquiring an additional 2,831,495 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Booking during the 2nd quarter worth about $472,723,000. 92.42% of the stock is owned by institutional investors and hedge funds.
Booking Trading Up 1.8%
Shares of NASDAQ BKNG opened at $213.36 on Tuesday. The firm has a market capitalization of $160.31 billion, a P/E ratio of 23.61, a P/E/G ratio of 1.27 and a beta of 1.07. The firm's 50-day moving average price is $189.38 and its 200-day moving average price is $177.09. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year high of $230.98.
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 the consensus estimate of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The company had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same period last year, the business posted $55.40 EPS. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research analysts forecast that Booking Holdings Inc. will post 10.47 EPS for the current year.
Booking Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued a $0.42 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.68 annualized dividend and a yield of 0.8%. Booking's dividend payout ratio is presently 18.58%.
Insider Transactions at Booking
In other news, Director Vanessa Ames Wittman sold 375 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $211.00, for a total transaction of $79,125.00. Following the transaction, the director directly owned 16,133 shares of the company's stock, valued at $3,404,063. This represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 50,050 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $207.59, for a total value of $10,389,879.50. Following the completion of the transaction, the vice president owned 375,025 shares in the company, valued at approximately $77,851,439.75. This represents a 11.77% 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. Over the last ninety days, insiders sold 77,550 shares of company stock worth $16,112,304. 0.17% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
BKNG has been the subject of several research analyst reports. DA Davidson set a $240.00 price objective on Booking in a research report on Thursday, August 6th. Sanford C. Bernstein restated a "market perform" rating on shares of Booking in a research report on Thursday, June 11th. The Goldman Sachs Group set a $215.00 target price on Booking and gave the stock a "neutral" rating in a research note on Monday, July 20th. Oppenheimer reiterated an "outperform" rating and issued a $240.00 target price (up from $215.00) on shares of Booking in a report on Wednesday, August 5th. Finally, BTIG Research reissued a "buy" rating and issued a $250.00 price target on shares of Booking in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $236.45.
Check Out Our Latest Stock Report on BKNG
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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