Teachers Retirement System of The State of Kentucky trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 37.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,746 shares of the business services provider’s stock after selling 4,610 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Booking were worth $32,613,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Booking during the 3rd quarter valued at $26,000. Daytona Street Capital LLC bought a new position in shares of Booking during the 4th quarter worth $27,000. Legacy Bridge LLC purchased a new stake in Booking in the 4th quarter worth about $27,000. Camelot Portfolios LLC purchased a new stake in Booking in the 4th quarter worth about $27,000. Finally, Osbon Capital Management LLC bought a new stake in Booking in the 4th quarter valued at about $27,000. 92.42% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Booking news, CEO Glenn D. Fogel sold 16,726 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $185.36, for a total value of $3,100,331.36. Following the sale, the chief executive officer directly owned 298,174 shares in the company, valued at $55,269,532.64. This represents a 5.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the transaction, the director directly owned 16,050 shares of the company’s stock, valued at approximately $3,081,600. The trade was a 6.55% 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. In the last 90 days, insiders have sold 80,351 shares of company stock valued at $13,545,706. Company insiders own 0.16% of the company’s stock.
Booking Price Performance
Booking (NASDAQ:BKNG – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.06. Booking had a negative return on equity of 117.14% and a net margin of 22.23%.The firm had revenue of $5.53 billion for the quarter, compared to analysts’ expectations of $5.52 billion. During the same period in the prior year, the business posted $0.99 earnings per share. The company’s revenue was up 16.2% on a year-over-year basis. Equities research analysts anticipate that Booking Holdings Inc. will post 10.44 EPS for the current year.
Booking Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, June 5th. Booking’s dividend payout ratio is 22.11%.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on BKNG shares. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Booking in a report on Thursday, June 11th. Weiss Ratings upgraded shares of Booking from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 29th. Piper Sandler set a $195.00 price target on shares of Booking in a research report on Wednesday, April 29th. Wells Fargo & Company set a $214.00 price target on shares of Booking and gave the company an “equal weight” rating in a research report on Tuesday, June 30th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $175.00 price target (down from $180.00) on shares of Booking in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $227.26.
Get Our Latest Analysis on Booking
Booking Company Profile
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.
Read More
- Five stocks we like better than Booking
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
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).
Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.
