Csenge Advisory Group purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,599 shares of the business services provider’s stock, valued at approximately $463,000.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Booking in the 2nd quarter worth about $11,646,302,000. Deutsche Bank AG purchased a new position in shares of Booking during the second quarter valued at about $1,691,186,000. Bank of New York Mellon Corp bought a new position in Booking in the second quarter worth about $1,370,455,000. J. Stern & Co. LLP raised its stake in Booking by 191,965.8% in the fourth quarter. J. Stern & Co. LLP now owns 2,832,970 shares of the business services provider’s stock worth $15,171,489,000 after buying an additional 2,831,495 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Booking in the second quarter worth about $472,723,000. 92.42% of the stock is owned by hedge funds and other institutional investors.
Booking Trading Down 1.5%
Booking stock opened at $209.87 on Friday. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $231.80. The company has a market capitalization of $157.69 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 1.29 and a beta of 1.07. The business’s fifty day simple moving average is $187.71 and its two-hundred day simple moving average is $177.15.
Booking Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be given a dividend of $0.42 per share. 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 18.58%.
Insider Activity
In other Booking news, Director Robert J. Mylod, Jr. sold 1,000 shares of Booking stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $206.70, for a total value of $206,700.00. Following the completion of the transaction, the director directly owned 15,000 shares of the company’s stock, valued at approximately $3,100,500. The trade was a 6.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 50,050 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $207.59, for a total transaction of $10,389,879.50. Following the completion of the transaction, the vice president owned 375,025 shares in the company, valued at approximately $77,851,439.75. This represents a 11.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 140,050 shares of company stock valued at $26,341,680 in the last quarter. 0.17% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
BKNG has been the topic of several research reports. Weiss Ratings raised Booking from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Bank of America restated a “buy” rating and issued a $234.00 target price on shares of Booking in a research note on Wednesday, August 5th. Piper Sandler restated a “neutral” rating and set a $215.00 price target (up from $195.00) on shares of Booking in a research report on Wednesday, August 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $240.00 price target (up from $215.00) on shares of Booking in a research note on Wednesday, August 5th. Finally, Argus increased their price objective on Booking from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $235.72.
View Our Latest Stock 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.
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