Summitry LLC increased its position in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 3,010.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,799 shares of the business services provider’s stock after buying an additional 2,709 shares during the period. Summitry LLC’s holdings in Booking were worth $499,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Camelot Portfolios LLC acquired a new position in shares of Booking during the 4th quarter worth $27,000. Osbon Capital Management LLC acquired a new stake in shares of Booking in the 4th quarter valued at $27,000. First Financial Corp IN boosted its holdings in Booking by 2,400.0% in the second quarter. First Financial Corp IN now owns 150 shares of the business services provider’s stock worth $27,000 after purchasing an additional 144 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new position in Booking during the fourth quarter worth $27,000. Finally, Strive Asset Management LLC acquired a new position in Booking during the third quarter worth $27,000. Institutional investors own 92.42% of the company’s stock.
Booking Stock Performance
Shares of NASDAQ:BKNG opened at $213.34 on Friday. The company has a market cap of $160.30 billion, a P/E ratio of 23.61, a P/E/G ratio of 1.28 and a beta of 1.07. The stock’s 50-day moving average is $183.08 and its 200-day moving average is $177.00. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $231.80.
Booking Announces Dividend
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 given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, September 11th. Booking’s payout ratio is currently 18.58%.
Insiders Place Their Bets
In other news, CFO Ewout L. Steenbergen sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $211.03, for a total transaction of $4,220,600.00. Following the completion of the transaction, the chief financial officer directly owned 59,794 shares in the company, valued at $12,618,327.82. The trade was a 25.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $200.00, for a total value of $1,000,000.00. Following the completion of the sale, the director directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 89,625 shares of company stock valued at $15,872,675. Corporate insiders own 0.17% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $240.00 price target (up from $215.00) on shares of Booking in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $230.00 price objective on shares of Booking in a report on Wednesday, August 5th. Mizuho set a $240.00 price objective on Booking in a research note on Wednesday, August 5th. Argus boosted their target price on Booking from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Monday. Finally, Gordon Haskett upped their target price on Booking from $217.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus target price of $235.72.
View Our Latest Research Report on BKNG
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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