Securian Asset Management Inc. lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 2,247.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,591 shares of the business services provider’s stock after acquiring an additional 19,714 shares during the quarter. Securian Asset Management Inc.’s holdings in Booking were worth $3,741,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently made changes to their positions in BKNG. Apollon Wealth Management LLC boosted its holdings in Booking by 9,034.2% in the second quarter. Apollon Wealth Management LLC now owns 87,414 shares of the business services provider’s stock worth $15,581,000 after purchasing an additional 86,457 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in Booking by 2,507.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,190 shares of the business services provider’s stock valued at $390,000 after buying an additional 2,106 shares during the last quarter. Oakworth Capital Inc. lifted its holdings in shares of Booking by 4,400.0% during the 2nd quarter. Oakworth Capital Inc. now owns 450 shares of the business services provider’s stock valued at $80,000 after buying an additional 440 shares during the period. Hopwood Financial Services Inc. lifted its holdings in shares of Booking by 2,449.1% during the 2nd quarter. Hopwood Financial Services Inc. now owns 1,351 shares of the business services provider’s stock valued at $241,000 after buying an additional 1,298 shares during the period. Finally, Atlatl Advisers LLC purchased a new position in shares of Booking in the 2nd quarter worth $67,000. 92.42% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other Booking news, CFO Ewout L. Steenbergen sold 20,000 shares of Booking stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total transaction of $4,220,600.00. Following the transaction, the chief financial officer owned 59,794 shares of the company’s stock, valued at $12,618,327.82. The trade was a 25.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 that occurred on Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total transaction 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 approximately $69,572,025.25. The trade was a 12.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 89,625 shares of company stock worth $15,872,675 in the last quarter. 0.17% of the stock is currently owned by insiders.
Booking Stock Performance
Booking (NASDAQ:BKNG – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The business had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.19 billion. During the same quarter in the prior year, the business posted $55.40 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts forecast that Booking Holdings Inc. will post 10.47 EPS for the current year.
Booking Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, September 11th. Booking’s dividend payout ratio is currently 18.58%.
Analyst Upgrades and Downgrades
BKNG has been the subject of several research analyst reports. Bank of America reaffirmed a “buy” rating and issued a $234.00 price objective on shares of Booking in a report on Wednesday, August 5th. Royal Bank Of Canada dropped their target price on Booking from $244.00 to $220.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. JPMorgan Chase & Co. cut their price target on Booking from $224.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Cantor Fitzgerald increased their price objective on shares of Booking from $175.00 to $220.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Booking from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $235.72.
Check Out Our Latest Report on Booking
Booking 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.
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