Platform Technology Partners raised its stake in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 2,190.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,985 shares of the business services provider’s stock after buying an additional 3,811 shares during the period. Platform Technology Partners’ holdings in Booking were worth $710,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKNG. Camelot Portfolios LLC bought a new stake in shares of Booking in the 4th quarter valued at about $27,000. Osbon Capital Management LLC acquired a new stake in shares of Booking in the 4th quarter valued at approximately $27,000. Mcguire Capital Advisors Inc. bought a new position in Booking during the 4th quarter worth approximately $27,000. Strive Asset Management LLC bought a new position in Booking during the 3rd quarter worth approximately $27,000. Finally, Swiss RE Ltd. acquired a new position in Booking during the fourth quarter valued at approximately $27,000. Institutional investors own 92.42% of the company’s stock.
Booking Price Performance
BKNG opened at $212.06 on Monday. The business’s 50-day moving average price is $184.00 and its two-hundred day moving average price is $176.65. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $231.80. The company has a market capitalization of $159.34 billion, a price-to-earnings ratio of 23.47, a P/E/G ratio of 1.28 and a beta of 1.07.
Booking Dividend Announcement
The company 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 dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. Booking’s dividend payout ratio is 18.58%.
Insider Transactions at Booking
In other news, VP Peter J. Millones sold 62,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 425,075 shares of the company’s stock, valued at $69,572,025.25. This trade represents a 12.82% decrease in their position. The sale was disclosed in a legal filing 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, CFO Ewout L. Steenbergen sold 20,000 shares of Booking stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 59,794 shares in the company, valued at $12,618,327.82. This trade represents 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. In the last 90 days, insiders sold 89,625 shares of company stock worth $15,872,675. Insiders own 0.17% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on BKNG. Benchmark increased their target price on shares of Booking from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Barclays set a $210.00 price objective on Booking and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Argus increased their price target on Booking from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, August 10th. UBS Group lifted their price objective on Booking from $266.00 to $274.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Evercore set a $245.00 target price on Booking in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $235.72.
Read Our Latest Research Report on BKNG
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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