Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the completion of the sale, the chief executive officer now directly owns 27,646 shares of the company's stock, valued at approximately $148,073,911.22. This trade represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Booking Stock Down 0.3%
BKNG traded down $14.79 on Wednesday, reaching $5,286.26. 181,011 shares of the company traded hands, compared to its average volume of 247,699. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,639.70. The firm has a fifty day simple moving average of $5,149.92 and a two-hundred day simple moving average of $4,946.21. The company has a market cap of $172.01 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 1.65 and a beta of 1.41.
Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The company had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same quarter last year, the business posted $20.39 EPS. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $9.60 per share. The ex-dividend date is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.73%. Booking's payout ratio is 23.89%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on BKNG. JPMorgan Chase & Co. raised their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Robert W. Baird raised their target price on shares of Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. UBS Group cut their target price on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Finally, BTIG Research raised shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price for the company in a research note on Friday, April 4th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $5,388.37.
View Our Latest Report on Booking
Institutional Investors Weigh In On Booking
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKNG. Howe & Rusling Inc. increased its position in Booking by 2.4% during the 1st quarter. Howe & Rusling Inc. now owns 1,389 shares of the business services provider's stock valued at $6,399,000 after purchasing an additional 32 shares during the period. Anderson Financial Strategies LLC purchased a new position in Booking during the 1st quarter valued at about $405,000. Strs Ohio purchased a new position in Booking during the 1st quarter valued at about $41,034,000. Advisors Capital Management LLC increased its position in Booking by 11.1% during the 1st quarter. Advisors Capital Management LLC now owns 90 shares of the business services provider's stock valued at $416,000 after purchasing an additional 9 shares during the period. Finally, Acadian Asset Management LLC increased its position in Booking by 13.5% during the 1st quarter. Acadian Asset Management LLC now owns 113,500 shares of the business services provider's stock valued at $522,852,000 after purchasing an additional 13,478 shares during the period. Institutional investors own 92.42% of the company's stock.
About Booking
(
Get Free Report)
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.
See Also
Before you consider Booking, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Booking wasn't on the list.
While Booking currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
