Mather Group LLC. boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 116.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,198 shares of the business services provider’s stock after buying an additional 18,908 shares during the period. Mather Group LLC.’s holdings in Booking were worth $5,734,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Booking during the second quarter worth $11,646,302,000. State Street Corp boosted its holdings in shares of Booking by 2,674.6% in the second quarter. State Street Corp now owns 39,420,711 shares of the business services provider’s stock worth $7,026,348,000 after acquiring an additional 37,999,915 shares during the period. Deutsche Bank AG bought a new position in shares of Booking in the second quarter worth $1,691,186,000. Bank of New York Mellon Corp purchased a new position in shares of Booking in the second quarter valued at $1,370,455,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Booking by 2,525.5% in the second 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 valued at $1,087,597,000 after purchasing an additional 5,869,459 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.
Insider Activity at Booking
In other Booking news, insider Paulo Pisano sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $173.02, for a total value of $259,530.00. Following the transaction, the insider directly owned 71,900 shares in the company, valued at $12,440,138. This represents a 2.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 company’s 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 completion of the transaction, the vice president owned 375,025 shares in the company, valued at $77,851,439.75. This represents a 11.77% decrease in their ownership of the stock. 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 83,050 shares of company stock valued at $17,182,274 in the last ninety days. 0.17% of the stock is currently owned by corporate insiders.
Booking Price Performance
NASDAQ BKNG opened at $165.80 on Friday. The company’s 50 day simple moving average is $183.10 and its two-hundred day simple moving average is $177.55. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $220.81. The stock has a market capitalization of $124.58 billion, a PE ratio of 18.35, a P/E/G ratio of 0.99 and a beta of 1.13.
Booking (NASDAQ:BKNG – Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business earned $55.40 EPS. On average, research analysts anticipate that Booking Holdings Inc. will post 10.48 EPS for the current year.
Booking Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 11th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.68 annualized dividend and a yield of 1.0%. Booking’s dividend payout ratio (DPR) is currently 18.58%.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Morgan Stanley set a $230.00 price objective on Booking and gave the company an “overweight” rating in a research note on Wednesday, September 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $230.00 target price on shares of Booking in a research note on Wednesday, August 5th. Weiss Ratings upgraded Booking from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Truist Financial set a $216.00 target price on Booking and gave the company a “buy” rating in a report on Wednesday, September 30th. Finally, Argus upped their price target on Booking from $210.00 to $245.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $233.95.
Read Our Latest Report on Booking
Key Headlines Impacting Booking
Here are the key news stories impacting Booking this week:
- Positive Sentiment: Booking launched Vayo, an AI-powered personal travel agent now entering private beta, and plans to invest $100 million in the platform. Management is positioning Vayo as a tool that organizes complete trips, learns user preferences and continues assisting travelers after booking. The initiative could create new customer-engagement and monetization opportunities over time. Booking Holdings Launches Vayo with Planned $100M Investment
- Positive Sentiment: Booking recently advanced even as the broader market declined, suggesting company-specific buying interest. The move may reflect investor enthusiasm for Vayo and confidence in Booking’s travel-market position. Booking Holdings Advances While Market Declines
- Positive Sentiment: Booking has an average analyst price target of $233.95, well above the stock’s recent trading level, indicating substantial potential upside if the company meets expectations. Price targets are estimates, not guarantees. Booking Holdings Stock Has Average Price Target of $233.95
- Neutral Sentiment: BKNG has attracted unusually high attention among Zacks users, but the reports do not identify a new earnings forecast, upgrade or fundamental catalyst. The increased visibility may support trading interest without necessarily changing valuation. Booking Holdings Is Attracting Investor Attention
- Neutral Sentiment: Reports noting approximately $10.1 billion in advance deposits emphasize that much of the money belongs to hotels and other travel providers. This supports Booking’s role as a platform but should not be interpreted as equivalent to revenue or cash available to shareholders. Booking Advance Deposits
Booking Company Profile
Booking Holdings Inc is a global online travel and restaurant reservation company headquartered in Norwalk, Connecticut. Through its digital platforms, the company helps consumers search for, compare and reserve accommodations, flights, rental cars, vacation packages, attractions and restaurant reservations.
Its portfolio includes Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and the travel metasearch brands Momondo and Cheapflights. Booking.com is primarily known for lodging reservations, while Priceline focuses on travel deals, Agoda serves customers across international markets with a strong presence in Asia, KAYAK and its related brands provide travel search and comparison services, and OpenTable operates a restaurant reservation platform.
The company was founded in 1997 as Priceline.com and was later renamed The Priceline Group before adopting the Booking Holdings name in 2018.
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