Welch & Forbes LLC lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 263,420 shares of the business services provider’s stock after selling 6,444 shares during the quarter. Welch & Forbes LLC’s holdings in Booking were worth $42,914,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in BKNG. Mill Capital Management LLC raised its position in shares of Booking by 1.1% during the first quarter. Mill Capital Management LLC now owns 5,721 shares of the business services provider’s stock worth $24,087,000 after purchasing an additional 65 shares during the period. Van Diest Capital LLC lifted its holdings in shares of Booking by 30.1% during the 1st quarter. Van Diest Capital LLC now owns 281 shares of the business services provider’s stock valued at $1,185,000 after purchasing an additional 65 shares in the last quarter. Garrett Wealth Advisory Group LLC lifted its holdings in shares of Booking by 2.5% during the 3rd quarter. Garrett Wealth Advisory Group LLC now owns 2,667 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 65 shares in the last quarter. Adelphi Trust Co grew its position in shares of Booking by 0.7% in the 3rd quarter. Adelphi Trust Co now owns 9,660 shares of the business services provider’s stock valued at $1,574,000 after purchasing an additional 67 shares during the period. Finally, Allen Capital Group LLC grew its position in shares of Booking by 11.0% in the 1st quarter. Allen Capital Group LLC now owns 697 shares of the business services provider’s stock valued at $2,934,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Royal Bank Of Canada lowered their target price on Booking from $220.00 to $205.00 and set an “outperform” rating for the company in a research note on Wednesday, November 4th. Evercore reaffirmed an “outperform” rating and issued a $270.00 price target on shares of Booking in a research note on Monday, August 24th. Melius Research set a $225.00 price target on shares of Booking in a report on Tuesday, October 20th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $188.00 price target on shares of Booking in a report on Wednesday, August 26th. Finally, Susquehanna reissued a “positive” rating and set a $200.00 price objective (down from $240.00) on shares of Booking in a research report on Wednesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $222.35.
Read Our Latest Stock Report on BKNG
Insider Activity
In other news, VP Peter Millones, Jr. sold 50,050 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $207.59, for a total transaction of $10,389,879.50. Following the completion of the transaction, the vice president directly owned 375,025 shares of the company’s stock, valued at $77,851,439.75. This trade represents a 11.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Wittman sold 375 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $211.00, for a total transaction of $79,125.00. Following the transaction, the director directly owned 16,133 shares of the company’s stock, valued at $3,404,063. This represents a 2.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 77,425 shares of company stock worth $16,004,164. 0.17% of the stock is currently owned by insiders.
Booking Price Performance
Shares of Booking stock opened at $163.49 on Tuesday. The firm has a market cap of $121.59 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.07 and a beta of 1.17. The stock’s 50-day moving average is $165.65 and its 200-day moving average is $175.92. Booking Holdings Inc. has a one year low of $146.28 and a one year high of $220.81.
Booking (NASDAQ:BKNG – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $4.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.49 by $0.17. Booking had a negative return on equity of 89.54% and a net margin of 25.52%. The business had revenue of $9.79 billion during the quarter, compared to the consensus estimate of $9.55 billion. During the same period last year, the company earned $99.50 earnings per share. Booking’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities analysts expect that Booking Holdings Inc. will post 10.24 EPS for the current year.
Booking Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 11th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.68 dividend on an annualized basis and a yield of 1.0%. Booking’s dividend payout ratio is 18.12%.
Booking Company Profile
Booking Holdings Inc is an online travel company that connects travelers with accommodations and other travel services. Through its digital platforms, customers can search for and book hotels, vacation rentals, flights, rental cars, attractions and other travel experiences.
The company operates a portfolio of consumer brands, including Booking.com, Priceline, Agoda, KAYAK, Rentalcars.com and OpenTable. Its services span accommodation reservations, travel search and comparison, car rentals, and restaurant reservations.
Booking Holdings traces its history to Priceline, which was founded in 1997.
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