Stoneridge Investment Partners LLC acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,844 shares of the business services provider’s stock, valued at approximately $742,000.
Several other large investors also recently added to or reduced their stakes in the stock. Life Cycle Investment Partners Ltd bought a new stake in shares of Booking in the fourth quarter valued at about $361,463,000. Merit Financial Group LLC lifted its stake in Booking by 1,663.9% in the second quarter. Merit Financial Group LLC now owns 28,698 shares of the business services provider’s stock worth $5,115,000 after acquiring an additional 27,071 shares during the period. Rit Capital Partners PLC bought a new position in Booking during the 4th quarter worth about $51,396,000. Eurizon Capital SGR S.p.A. bought a new position in Booking during the 4th quarter worth about $210,352,000. Finally, Rathbones Group PLC increased its position in Booking by 20.5% during the 4th quarter. Rathbones Group PLC now owns 64,908 shares of the business services provider’s stock valued at $347,604,000 after purchasing an additional 11,042 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director Robert J. Mylod, Jr. sold 5,000 shares of the company’s stock in a transaction 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 transaction, the director directly owned 16,000 shares of the company’s stock, valued at approximately $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 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 company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $211.03, for a total value of $4,220,600.00. Following the transaction, the chief financial officer directly owned 59,794 shares in the company, valued at approximately $12,618,327.82. The trade was a 25.06% decrease in their ownership of the stock. 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. Insiders sold a total of 89,625 shares of company stock valued at $15,872,675 over the last three months. Company insiders own 0.17% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Analysis on Booking
Booking Stock Performance
Shares of Booking stock opened at $212.06 on Monday. The company has a market capitalization of $159.34 billion, a PE ratio of 23.47, a P/E/G ratio of 1.28 and a beta of 1.07. The company has a 50-day simple moving average of $184.00 and a two-hundred day simple moving average of $176.65. Booking Holdings Inc. has a one year low of $150.14 and a one year high of $231.80.
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 for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The business had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $7.19 billion. During the same period last year, the business earned $55.40 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. On average, equities analysts predict that Booking Holdings Inc. will post 10.47 earnings per share for the current fiscal year.
Booking Dividend Announcement
The company also recently announced 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. This represents a $1.68 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, September 11th. Booking’s dividend payout ratio (DPR) is 18.58%.
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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