GHP Investment Advisors Inc. increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 2,486.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,955 shares of the business services provider’s stock after purchasing an additional 49,946 shares during the period. GHP Investment Advisors Inc.’s holdings in Booking were worth $9,260,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. Camelot Portfolios LLC bought a new stake in shares of Booking in the fourth quarter valued at about $27,000. Osbon Capital Management LLC bought a new position in Booking during the fourth quarter worth about $27,000. First Financial Corp IN increased its position in Booking by 2,400.0% during the second quarter. First Financial Corp IN now owns 150 shares of the business services provider’s stock worth $27,000 after acquiring an additional 144 shares during the period. Mcguire Capital Advisors Inc. bought a new position in Booking during the fourth quarter worth about $27,000. Finally, Strive Asset Management LLC acquired a new stake in Booking in the 3rd quarter worth about $27,000. 92.42% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, VP Peter J. Millones sold 62,500 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the transaction, the vice president owned 425,075 shares in the company, valued at $69,572,025.25. The trade was a 12.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the sale, the director owned 16,508 shares of the company’s stock, valued at $3,169,536. The trade was a 6.38% 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. In the last three months, insiders have sold 69,625 shares of company stock worth $11,652,075. Corporate insiders own 0.17% of the company’s stock.
Booking Stock Down 0.3%
Booking (NASDAQ:BKNG – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.11. The firm had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $55.40 earnings per share. On average, equities research analysts expect that Booking Holdings Inc. will post 10.47 EPS for the current year.
Booking Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.68 annualized dividend and a yield of 0.8%. Booking’s payout ratio is 18.58%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on BKNG. TD Cowen reissued a “buy” rating and issued a $230.00 price objective (down from $240.00) on shares of Booking in a report on Wednesday, April 29th. Citigroup reaffirmed a “buy” rating and set a $236.00 target price (up from $225.00) on shares of Booking in a report on Wednesday, August 5th. Jefferies Financial Group lifted their price target on shares of Booking from $180.00 to $190.00 and gave the company a “hold” rating in a research report on Tuesday, July 14th. Susquehanna reiterated a “positive” rating and issued a $240.00 price target on shares of Booking in a research note on Thursday, August 6th. Finally, BTIG Research reissued a “buy” rating and set a $250.00 price target on shares of Booking in a research report on Wednesday, August 5th. One analyst has 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.com, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $235.72.
Check Out Our Latest Report on Booking
Booking Profile
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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