Premier Path Wealth Partners LLC increased its stake in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 2,071.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,406 shares of the business services provider’s stock after purchasing an additional 5,157 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Booking were worth $964,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of BKNG. Benjamin Edwards Inc. grew its position in shares of Booking by 1.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 121 shares of the business services provider’s stock worth $700,000 after buying an additional 2 shares in the last quarter. Diversify Wealth Management LLC raised its position in Booking by 7.1% in the fourth quarter. Diversify Wealth Management LLC now owns 45 shares of the business services provider’s stock valued at $239,000 after purchasing an additional 3 shares during the period. Radnor Capital Management LLC grew its stake in shares of Booking by 0.6% in the fourth quarter. Radnor Capital Management LLC now owns 534 shares of the business services provider’s stock worth $2,860,000 after acquiring an additional 3 shares in the last quarter. MJP Associates Inc. ADV raised its holdings in Booking by 6.1% during the fourth quarter. MJP Associates Inc. ADV now owns 52 shares of the business services provider’s stock worth $278,000 after purchasing an additional 3 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in Booking by 1.9% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 158 shares of the business services provider’s stock worth $846,000 after acquiring an additional 3 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on BKNG shares. Citigroup restated a “buy” rating and issued a $236.00 price target (up from $225.00) on shares of Booking in a report on Wednesday, August 5th. BTIG Research reiterated a “buy” rating and set a $250.00 price target on shares of Booking in a report on Thursday, August 27th. DA Davidson set a $240.00 target price on shares of Booking in a research note on Thursday, August 6th. Bank of America reaffirmed a “buy” rating and issued a $234.00 target price on shares of Booking in a research note on Wednesday, August 5th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Booking in a research note on Wednesday, August 26th. Two investment analysts have 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. Based on data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $236.70.
Booking Price Performance
Shares of Booking stock opened at $193.29 on Friday. The stock has a market cap of $145.23 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.21 and a beta of 1.07. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $226.10. The firm’s 50-day moving average is $194.31 and its 200 day moving average is $178.43.
Booking (NASDAQ:BKNG – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $7.19 billion. During the same period in the prior year, the firm earned $55.40 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts expect that Booking Holdings Inc. will post 10.48 EPS for the current fiscal year.
Booking Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued 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 0.9%. Booking’s dividend payout ratio is 18.58%.
Insider Buying and Selling
In other news, insider Paulo Pisano sold 3,000 shares of Booking stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $203.48, for a total value of $610,440.00. Following the sale, the insider owned 73,400 shares of the company’s stock, valued at $14,935,432. The trade was a 3.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ewout L. Steenbergen sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 59,794 shares of the company’s stock, valued at $12,618,327.82. The trade was a 25.06% decrease in their position. 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. Insiders have sold 81,550 shares of company stock valued at $16,922,744 in the last 90 days. Company insiders own 0.17% of the company’s stock.
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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