Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the sale, the chief executive officer owned 26,633 shares of the company's stock, valued at $151,674,935. This represents a 3.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Booking Price Performance
BKNG stock traded up $30.02 during mid-day trading on Thursday, reaching $5,688.15. 65,615 shares of the company traded hands, compared to its average volume of 247,901. The company has a market capitalization of $185.09 billion, a P/E ratio of 35.31, a P/E/G ratio of 1.74 and a beta of 1.40. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,839.41. The company has a fifty day moving average price of $5,479.02 and a 200-day moving average price of $5,011.47.
Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The business had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the prior year, the firm earned $20.39 earnings per share. Booking's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were issued a dividend of $9.60 per share. The ex-dividend date was Friday, June 6th. This represents a $38.40 annualized dividend and a dividend yield of 0.68%. Booking's payout ratio is presently 23.89%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on BKNG shares. Robert W. Baird boosted their price target on shares of Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. JMP Securities upped their target price on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. upped their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada restated an "outperform" rating and set a $5,900.00 target price on shares of Booking in a research report on Wednesday, April 30th. Finally, UBS Group lowered their price target on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $5,453.15.
Get Our Latest Stock Analysis on Booking
Institutional Investors Weigh In On Booking
Several institutional investors have recently modified their holdings of the business. Kingswood Wealth Advisors LLC raised its stake in shares of Booking by 27.3% in the first quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock worth $844,000 after buying an additional 39 shares during the period. Point72 Europe London LLP bought a new stake in Booking during the 4th quarter valued at approximately $15,054,000. Quadrant Capital Group LLC raised its stake in Booking by 1.4% during the 4th quarter. Quadrant Capital Group LLC now owns 210 shares of the business services provider's stock valued at $1,043,000 after purchasing an additional 3 shares during the period. International Assets Investment Management LLC bought a new stake in Booking during the 1st quarter valued at approximately $203,000. Finally, Perigon Wealth Management LLC raised its stake in Booking by 9.4% during the 1st quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock valued at $1,281,000 after purchasing an additional 24 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.
About Booking
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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.
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