RD Finance Ltd increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 23.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,974 shares of the business services provider’s stock after acquiring an additional 5,449 shares during the period. Booking comprises approximately 4.4% of RD Finance Ltd’s investment portfolio, making the stock its 11th largest holding. RD Finance Ltd’s holdings in Booking were worth $4,720,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of BKNG. Lakewood Asset Management LLC boosted its position in Booking by 6.0% during the third quarter. Lakewood Asset Management LLC now owns 12,854 shares of the business services provider’s stock valued at $2,094,000 after purchasing an additional 729 shares during the last quarter. Davidson Kahn Capital Management LLC increased its position in shares of Booking by 31.6% during the 3rd quarter. Davidson Kahn Capital Management LLC now owns 2,059 shares of the business services provider’s stock worth $335,000 after purchasing an additional 495 shares during the last quarter. Townsend & Associates Inc increased its position in shares of Booking by 2.9% during the 3rd quarter. Townsend & Associates Inc now owns 75,761 shares of the business services provider’s stock worth $12,383,000 after purchasing an additional 2,113 shares during the last quarter. Kingswood Wealth Advisors LLC increased its position in shares of Booking by 16.6% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 4,618 shares of the business services provider’s stock worth $752,000 after purchasing an additional 658 shares during the last quarter. Finally, Samalin Investment Counsel LLC raised its stake in shares of Booking by 47.4% during the 3rd quarter. Samalin Investment Counsel LLC now owns 1,876 shares of the business services provider’s stock worth $306,000 after purchasing an additional 603 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Booking
In related news, CFO Ewout L. Steenbergen sold 20,000 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $211.03, for a total value of $4,220,600.00. Following the sale, the chief financial officer owned 59,794 shares in the company, valued at approximately $12,618,327.82. This represents a 25.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paulo Pisano sold 3,000 shares of the firm’s stock in a transaction on 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 directly owned 73,400 shares of the company’s stock, valued at $14,935,432. This represents a 3.93% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 83,425 shares of company stock worth $17,210,864 in the last three months. 0.17% of the stock is owned by insiders.
Analyst Ratings Changes
Several equities research analysts have recently commented on BKNG shares. Robert W. Baird set a $230.00 price objective on Booking in a report on Wednesday, August 5th. Piper Sandler reissued a “neutral” rating and issued a $215.00 target price (up from $195.00) on shares of Booking in a research note on Wednesday, August 5th. Benchmark boosted their target price on shares of Booking from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Rosenblatt Securities initiated coverage on shares of Booking in a research report on Tuesday, September 1st. They set a “buy” rating and a $245.00 price target on the stock. Finally, BTIG Research reaffirmed a “buy” rating and set a $250.00 price target on shares of Booking in a research report on Thursday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $233.71.
Check Out Our Latest Research Report on Booking
Booking Stock Performance
Booking stock opened at $153.14 on Tuesday. Booking Holdings Inc. has a 52 week low of $150.14 and a 52 week high of $220.81. The stock has a market capitalization of $115.07 billion, a P/E ratio of 16.95, a PEG ratio of 0.96 and a beta of 1.13. The stock has a 50-day simple moving average of $177.22 and a 200 day simple moving average of $178.93.
Booking (NASDAQ:BKNG – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, topping 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 negative return on equity of 102.96% and a net margin of 25.53%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $55.40 earnings per share. Research analysts forecast that Booking Holdings Inc. will post 10.48 earnings per share for the current year.
Booking Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, September 11th. Booking’s payout ratio is currently 18.58%.
Booking Company Profile
Booking Holdings Inc is a global online travel and restaurant-reservation company that connects consumers with travel providers through digital platforms and mobile applications. Its services include accommodations, flights, rental cars, cruises, vacation packages, restaurant reservations and other travel-related offerings.
The company operates a portfolio of well-known brands, including Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and Kayak-associated travel services.
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