Exchange Traded Concepts LLC grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 3,579.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 140,059 shares of the business services provider’s stock after purchasing an additional 136,252 shares during the period. Exchange Traded Concepts LLC’s holdings in Booking were worth $24,964,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of BKNG. Wilkerson Advisory Group LLC lifted its holdings in Booking by 3,550.0% in the second quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider’s stock worth $26,000 after acquiring an additional 142 shares during the last quarter. Camelot Portfolios LLC bought a new position in shares of Booking during the fourth quarter valued at approximately $27,000. Osbon Capital Management LLC acquired a new stake in shares of Booking during the 4th quarter worth approximately $27,000. First Financial Corp IN raised its position in shares of Booking by 2,400.0% during the 2nd 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 during the period. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of Booking in the 4th quarter worth approximately $27,000. 92.42% of the stock is owned by institutional investors and hedge funds.
Booking Price Performance
NASDAQ BKNG opened at $212.06 on Friday. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $231.80. The firm has a market capitalization of $159.34 billion, a PE ratio of 23.47, a P/E/G ratio of 1.29 and a beta of 1.07. The company’s 50 day simple moving average is $184.00 and its 200 day simple moving average is $177.04.
Booking Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. Booking’s dividend payout ratio (DPR) is currently 18.58%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on BKNG shares. Mizuho set a $240.00 price objective on Booking in a research report on Wednesday, August 5th. Jefferies Financial Group raised their target price on Booking from $180.00 to $190.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. Benchmark boosted their price target on shares of Booking from $220.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. UBS Group upped their price target on shares of Booking from $266.00 to $274.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Booking in a report on Wednesday, August 5th. One equities 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $235.72.
Get Our Latest Stock Analysis on BKNG
Insider Buying and Selling
In related news, Director Vanessa Ames Wittman sold 1,125 shares of the firm’s 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 completion of the transaction, the director owned 16,508 shares of the company’s stock, valued at approximately $3,169,536. This trade represents a 6.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ewout L. Steenbergen sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total transaction of $4,220,600.00. Following the sale, the chief financial officer directly owned 59,794 shares in the company, valued at approximately $12,618,327.82. This trade represents a 25.06% 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 89,625 shares of company stock valued at $15,872,675. Insiders own 0.17% of the company’s stock.
Booking Company 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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