NewEdge Wealth LLC bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,639 shares of the business services provider’s stock, valued at approximately $827,000.
Several other large investors have also bought and sold shares of BKNG. Flossbach Von Storch SE bought a new stake in Booking during the second quarter worth approximately $46,169,000. Great Lakes Advisors LLC purchased a new stake in Booking during the second quarter valued at about $19,631,000. Act Two Investors LLC purchased a new stake in Booking during the second quarter valued at about $628,000. Danske Bank A S acquired a new position in shares of Booking in the second quarter worth about $73,645,000. Finally, Diversify Advisory Services LLC acquired a new position in shares of Booking in the second quarter worth about $980,000. Institutional investors own 92.42% of the company’s stock.
Insider Activity at Booking
In other news, Director Robert J. Mylod, Jr. sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $200.00, for a total transaction of $1,000,000.00. Following the transaction, the director directly owned 16,000 shares in the company, valued at $3,200,000. The trade was a 23.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was 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 16,508 shares in the company, valued at $3,169,536. This trade represents a 6.38% 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. In the last quarter, insiders have sold 140,050 shares of company stock valued at $26,341,680. Insiders own 0.17% of the company’s stock.
Booking Price Performance
Booking (NASDAQ:BKNG – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The firm had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $55.40 earnings per share. On average, analysts predict that Booking Holdings Inc. will post 10.47 EPS for the current year.
Booking Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. Booking’s dividend payout ratio (DPR) is 18.58%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on BKNG shares. Gordon Haskett boosted their price target on shares of Booking from $217.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Truist Financial set a $242.00 price objective on shares of Booking in a research note on Wednesday, August 5th. UBS Group lifted their price objective on shares of Booking from $266.00 to $274.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Robert W. Baird set a $230.00 target price on shares of Booking in a research note on Wednesday, August 5th. Finally, Susquehanna reissued a “positive” rating and set a $240.00 target price on shares of Booking in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $235.72.
Read Our Latest Stock Analysis on BKNG
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.
Further Reading
- Five stocks we like better than Booking
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
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.
