Plato Investment Management Ltd acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) during the 2nd quarter, Holdings Channel reports. The firm acquired 36,517 shares of the business services provider’s stock, valued at approximately $6,471,000.
A number of other institutional investors also recently made changes to their positions in the business. Bogart Wealth LLC boosted its stake in shares of Booking by 3,475.0% during the 2nd quarter. Bogart Wealth LLC now owns 143 shares of the business services provider’s stock valued at $25,000 after buying an additional 139 shares during the last quarter. Wilkerson Advisory Group LLC increased its stake in shares of Booking by 3,550.0% in the second quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider’s stock worth $26,000 after buying an additional 142 shares during the last quarter. Camelot Portfolios LLC acquired a new stake in Booking in the fourth quarter valued at $27,000. Osbon Capital Management LLC acquired a new stake in Booking in the fourth quarter valued at $27,000. Finally, First Financial Corp IN boosted its stake in Booking by 2,400.0% during the 2nd quarter. First Financial Corp IN now owns 150 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 144 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Booking
In other news, CFO Ewout L. Steenbergen sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $211.03, for a total transaction of $4,220,600.00. Following the completion of the transaction, the chief financial officer directly owned 59,794 shares of the company’s stock, valued at approximately $12,618,327.82. This represents a 25.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $192.00, for a total value of $216,000.00. Following the sale, the director owned 16,508 shares in the company, valued at $3,169,536. The trade was a 6.38% 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. Over the last three months, insiders sold 89,625 shares of company stock worth $15,872,675. Insiders own 0.17% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on Booking
Booking Price Performance
BKNG stock opened at $204.76 on Tuesday. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year high of $231.80. The firm has a fifty day moving average price of $184.85 and a two-hundred day moving average price of $176.85. The firm has a market cap of $153.85 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 1.28 and a beta of 1.07.
Booking (NASDAQ:BKNG – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The company had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.19 billion. During the same period last year, the firm posted $55.40 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, analysts expect that Booking Holdings Inc. will post 10.47 EPS for the current fiscal year.
Booking Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, September 11th. This represents a $1.68 annualized dividend and a yield of 0.8%. Booking’s dividend payout ratio is 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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