Guyasuta Investment Advisors Inc. increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 2,400.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,500 shares of the business services provider’s stock after buying an additional 2,400 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Booking were worth $446,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Equity Wealth Partners LLC lifted its position in Booking by 2.0% during the 4th quarter. Equity Wealth Partners LLC now owns 101 shares of the business services provider’s stock worth $543,000 after acquiring an additional 2 shares during the last quarter. BLB&B Advisors LLC grew its position in shares of Booking by 4.0% in the fourth quarter. BLB&B Advisors LLC now owns 52 shares of the business services provider’s stock valued at $278,000 after purchasing an additional 2 shares during the last quarter. MBM Wealth Consultants LLC grew its position in shares of Booking by 0.5% in the fourth quarter. MBM Wealth Consultants LLC now owns 403 shares of the business services provider’s stock valued at $2,158,000 after purchasing an additional 2 shares during the last quarter. Whittier Trust Co. increased its stake in shares of Booking by 0.3% in the fourth quarter. Whittier Trust Co. now owns 642 shares of the business services provider’s stock worth $3,434,000 after purchasing an additional 2 shares during the period. Finally, Bigelow Investment Advisors LLC increased its stake in shares of Booking by 1.8% in the fourth quarter. Bigelow Investment Advisors LLC now owns 112 shares of the business services provider’s stock worth $600,000 after purchasing an additional 2 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Booking
In other news, Director Robert J. Mylod, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $206.70, for a total transaction of $206,700.00. Following the sale, the director directly owned 15,000 shares in the company, valued at approximately $3,100,500. The trade was a 6.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total value of $10,229,375.00. Following the completion of the transaction, the vice president owned 425,075 shares of the company’s stock, valued at $69,572,025.25. The trade was a 12.82% 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. In the last quarter, insiders have sold 69,625 shares of company stock valued at $11,652,075. 0.17% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
View Our Latest Stock Analysis on BKNG
Booking Stock Performance
NASDAQ BKNG opened at $212.26 on Thursday. Booking Holdings Inc. has a twelve month low of $150.14 and a twelve month high of $231.80. The stock has a market cap of $159.49 billion, a PE ratio of 23.49, a PEG ratio of 1.28 and a beta of 1.07. The firm has a 50-day simple moving average of $182.16 and a 200 day simple moving average of $176.92.
Booking (NASDAQ:BKNG – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.11. The firm had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $55.40 earnings per share. Research analysts forecast that Booking Holdings Inc. will post 10.47 earnings per share for the current fiscal year.
Booking Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, September 11th. Booking’s dividend payout ratio (DPR) is presently 18.58%.
About Booking
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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