Empirical Finance LLC increased its position in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 3,041.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 38,982 shares of the business services provider’s stock after buying an additional 37,741 shares during the period. Empirical Finance LLC’s holdings in Booking were worth $7,630,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. California State Teachers Retirement System grew its position in shares of Booking by 419,256.0% during the second quarter. California State Teachers Retirement System now owns 214,651,580 shares of the business services provider’s stock worth $38,259,498,000 after purchasing an additional 214,600,394 shares in the last quarter. BlackRock Inc. purchased a new position in Booking in the 2nd quarter worth approximately $11,646,302,000. Deutsche Bank AG purchased a new position in Booking in the 2nd quarter worth approximately $1,691,186,000. Bank of New York Mellon Corp bought a new position in Booking in the 2nd quarter worth approximately $1,370,455,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Booking by 2,525.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,101,866 shares of the business services provider’s stock worth $1,087,597,000 after purchasing an additional 5,869,459 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.
Booking Price Performance
Shares of NASDAQ:BKNG traded down $12.99 during trading hours on Tuesday, hitting $180.30. 10,875,922 shares of the company’s stock traded hands, compared to its average volume of 8,162,280. The firm has a market capitalization of $135.47 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 1.20 and a beta of 1.07. The business has a fifty day moving average price of $194.53 and a 200-day moving average price of $178.71. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $225.00.
Booking Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be given 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 0.9%. Booking’s dividend payout ratio (DPR) is 18.58%.
Insider Buying and Selling at Booking
In other news, insider Paulo Pisano sold 3,000 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $203.48, for a total transaction of $610,440.00. Following the transaction, the insider owned 73,400 shares of the company’s stock, valued at approximately $14,935,432. This represents a 3.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Wittman sold 1,125 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total value of $216,000.00. Following the transaction, the director owned 16,508 shares in the company, valued at approximately $3,169,536. This represents a 6.38% 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. In the last quarter, insiders sold 81,550 shares of company stock valued at $16,922,744. 0.17% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Benchmark raised their target price on shares of Booking from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. BMO Capital Markets reissued an “outperform” rating and set a $250.00 price objective (up from $240.00) on shares of Booking in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $230.00 price objective on shares of Booking in a research report on Wednesday, August 5th. BTIG Research reaffirmed a “buy” rating and issued a $250.00 target price on shares of Booking in a report on Thursday, August 27th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $240.00 target price (up from $215.00) on shares of Booking in a research report on Wednesday, August 5th. Two equities research analysts have 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $236.70.
Get Our Latest 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.
Featured Stories
- Five stocks we like better than Booking
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
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.
-logo-1200x675.jpg){kind=logo}
