Meiji Yasuda Life Insurance Co lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 1,865.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,951 shares of the business services provider’s stock after acquiring an additional 12,292 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Booking were worth $2,308,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Bogart Wealth LLC increased its holdings in Booking by 3,475.0% in the 2nd quarter. Bogart Wealth LLC now owns 143 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 139 shares during the last quarter. Wilkerson Advisory Group LLC lifted its stake in Booking by 3,550.0% during the second quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider’s stock worth $26,000 after purchasing an additional 142 shares in the last quarter. Osbon Capital Management LLC acquired a new position in Booking during the fourth quarter worth $27,000. First Financial Corp IN boosted its position in shares of Booking by 2,400.0% during the second quarter. First Financial Corp IN now owns 150 shares of the business services provider’s stock worth $27,000 after buying an additional 144 shares during the period. Finally, Roble Belko & Company Inc boosted its position in shares of Booking by 2,400.0% during the second quarter. Roble Belko & Company Inc now owns 150 shares of the business services provider’s stock worth $27,000 after buying an additional 144 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.
Booking Stock Up 1.5%
NASDAQ:BKNG opened at $205.63 on Friday. The company has a fifty day simple moving average of $192.18 and a two-hundred day simple moving average of $177.64. The company has a market cap of $154.51 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07. Booking Holdings Inc. has a 52 week low of $150.14 and a 52 week high of $226.10.
Booking Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, September 11th. This represents a $1.68 annualized dividend and a yield of 0.8%. Booking’s dividend payout ratio is 18.58%.
Insider Buying and Selling
In other news, Director Robert J. Mylod, Jr. sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $206.70, for a total transaction of $206,700.00. Following the completion of the transaction, the director directly owned 15,000 shares of the company’s stock, valued at approximately $3,100,500. The trade was a 6.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 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 sale, the chief financial officer 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 77,550 shares of company stock worth $16,112,304 in the last quarter. Company insiders own 0.17% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Argus boosted their price objective on Booking from $210.00 to $245.00 and gave the company a “buy” rating in a report on Monday, August 10th. Mizuho set a $240.00 target price on Booking in a report on Wednesday, August 5th. Sanford C. Bernstein restated a “market perform” rating and set a $188.00 target price on shares of Booking in a report on Wednesday. Oppenheimer reaffirmed an “outperform” rating and issued a $240.00 target price (up from $215.00) on shares of Booking in a research report on Wednesday, August 5th. Finally, Cantor Fitzgerald boosted their price target on shares of Booking from $175.00 to $220.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. One 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $236.45.
Check Out Our Latest Stock 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.
Read More
- Five stocks we like better than Booking
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.
