Fulton Bank N.A. increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 2,318.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,034 shares of the business services provider’s stock after acquiring an additional 15,371 shares during the quarter. Fulton Bank N.A.’s holdings in Booking were worth $2,858,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Camelot Portfolios LLC acquired a new position in Booking in the 4th quarter worth approximately $27,000. Osbon Capital Management LLC acquired a new stake in Booking during the 4th quarter valued at $27,000. Mcguire Capital Advisors Inc. acquired a new stake in Booking during the 4th quarter valued at $27,000. Strive Asset Management LLC purchased a new stake in shares of Booking in the third quarter valued at $27,000. Finally, Swiss RE Ltd. purchased a new stake in shares of Booking in the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.
Booking Trading Down 0.0%
Shares of NASDAQ:BKNG opened at $212.87 on Wednesday. The stock has a market capitalization of $159.95 billion, a PE ratio of 23.56, a P/E/G ratio of 1.28 and a beta of 1.07. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $231.80. The firm has a fifty day moving average price of $181.21 and a 200 day moving average price of $176.87.
Booking Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, September 11th. Booking’s dividend payout ratio (DPR) is presently 18.58%.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. BTIG Research reiterated a “buy” rating and set a $250.00 price target on shares of Booking in a report on Wednesday, August 5th. Bank of America reissued a “buy” rating and set a $234.00 price target on shares of Booking in a research report on Wednesday, August 5th. Gordon Haskett increased their price objective on Booking from $217.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Citigroup restated a “buy” rating and set a $236.00 price objective (up from $225.00) on shares of Booking in a research report on Wednesday, August 5th. Finally, TD Cowen reaffirmed a “buy” rating and set a $230.00 target price (down from $240.00) on shares of Booking in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $235.72.
View Our Latest Analysis on Booking
Insider Activity at Booking
In other Booking news, Director Robert J. Mylod, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $200.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the director owned 16,000 shares of the company’s stock, valued at $3,200,000. This represents a 23.81% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Ames Wittman sold 1,125 shares of the stock in a transaction that occurred 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 trade represents a 6.38% 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. In the last ninety days, insiders have sold 69,625 shares of company stock valued at $11,652,075. Corporate 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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