Cibc World Market Inc. bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) during the 2nd quarter, Holdings Channel reports. The fund bought 176,501 shares of the business services provider’s stock, valued at approximately $31,460,000.
Several other institutional investors also recently modified their holdings of the business. Strive Asset Management LLC bought a new position in Booking in the third quarter valued at approximately $27,000. Camelot Portfolios LLC acquired a new stake in Booking during the 4th quarter worth $27,000. Swiss RE Ltd. bought a new stake in shares of Booking during the 4th quarter valued at $27,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Booking during the 4th quarter valued at $27,000. Finally, Osbon Capital Management LLC acquired a new position in shares of Booking in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 92.42% of the company’s stock.
Booking Price Performance
NASDAQ BKNG opened at $209.62 on Monday. Booking Holdings Inc. has a one year low of $150.14 and a one year high of $231.80. The firm has a market cap of $157.50 billion, a P/E ratio of 23.20, a P/E/G ratio of 1.27 and a beta of 1.07. The stock’s 50-day moving average is $188.60 and its 200-day moving average is $176.84.
Booking Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, September 11th. Booking’s dividend payout ratio is 18.58%.
Insider Activity at Booking
In related news, CFO Ewout L. Steenbergen sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total value of $4,220,600.00. Following the sale, the chief financial officer directly owned 59,794 shares of the company’s stock, valued at approximately $12,618,327.82. The trade was a 25.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 50,050 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $207.59, for a total value of $10,389,879.50. Following the transaction, the vice president owned 375,025 shares of the company’s stock, valued at approximately $77,851,439.75. This trade 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 sold 140,050 shares of company stock worth $26,341,680 over the last three months. 0.17% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on BKNG. Barclays set a $210.00 price target on Booking and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Gordon Haskett upped their price objective on Booking from $217.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, April 30th. HSBC cut their target price on Booking from $309.84 to $298.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Bank of America restated a “buy” rating and set a $234.00 target price on shares of Booking in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group set a $215.00 target price on Booking and gave the stock a “neutral” rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $235.72.
View Our Latest Stock Analysis on BKNG
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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