Evolve Private Wealth LLC Takes $455,000 Position in Booking Holdings Inc. $BKNG

Evolve Private Wealth LLC purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNGFree Report) during the second quarter, Holdings Channel reports. The fund purchased 2,551 shares of the business services provider’s stock, valued at approximately $455,000.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. acquired a new position in Booking during the 2nd quarter worth about $11,646,302,000. Deutsche Bank AG acquired a new position in Booking in the second quarter valued at approximately $1,691,186,000. Bank of New York Mellon Corp bought a new position in Booking during the second quarter worth $1,370,455,000. J. Stern & Co. LLP boosted its position in shares of Booking by 191,965.8% during the 4th quarter. J. Stern & Co. LLP now owns 2,832,970 shares of the business services provider’s stock worth $15,171,489,000 after purchasing an additional 2,831,495 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Booking in the second quarter worth approximately $472,723,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. BTIG Research reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Booking in a research note on Wednesday, August 5th. Mizuho set a $240.00 price objective on Booking in a report on Wednesday, August 5th. Cantor Fitzgerald raised their target price on Booking from $175.00 to $220.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Bank of America reissued a “buy” rating and issued a $234.00 price target on shares of Booking in a research report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Booking from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 29th. One research 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $236.45.

Read Our Latest Report on BKNG

Booking Trading Up 0.2%

Shares of BKNG opened at $213.78 on Wednesday. The company has a market capitalization of $160.63 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 1.29 and a beta of 1.07. The stock has a 50 day moving average of $190.14 and a 200 day moving average of $177.35. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $229.13.

Booking (NASDAQ:BKNGGet Free Report) last posted its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.11. The business had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $55.40 earnings per share. As a group, equities research analysts predict that Booking Holdings Inc. will post 10.47 earnings per share for the current year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, September 11th. Booking’s payout ratio is 18.58%.

Insider Activity at Booking

In related news, Director Robert J. Mylod, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $200.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the director owned 16,000 shares in the company, valued at approximately $3,200,000. This trade represents a 23.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the transaction, the director owned 16,508 shares in the company, valued at approximately $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. Insiders have sold a total of 77,550 shares of company stock worth $16,112,304 in the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Booking Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNGFree Report).

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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