Booking Holdings Inc. (NASDAQ:BKNG – Get Free Report) insider Paulo Pisano sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $173.02, for a total transaction of $259,530.00. Following the completion of the transaction, the insider owned 71,900 shares of the company’s stock, valued at $12,440,138. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Paulo Pisano also recently made the following trade(s):
- On Monday, August 31st, Paulo Pisano sold 3,000 shares of Booking stock. The shares were sold at an average price of $203.48, for a total transaction of $610,440.00.
Booking Price Performance
Shares of NASDAQ BKNG opened at $167.90 on Friday. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $225.00. The stock has a market capitalization of $126.16 billion, a P/E ratio of 18.58, a P/E/G ratio of 1.06 and a beta of 1.07. The company’s 50-day moving average is $193.27 and its 200 day moving average is $179.20.
Booking Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued a $0.42 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a yield of 1.0%. Booking’s dividend payout ratio is 18.58%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on BKNG shares. DA Davidson set a $240.00 target price on shares of Booking in a report on Thursday, August 6th. Oppenheimer reissued an “outperform” rating and set a $240.00 price target (up from $215.00) on shares of Booking in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $230.00 price objective on shares of Booking in a research note on Wednesday, August 5th. Evercore reaffirmed an “outperform” rating and set a $270.00 target price on shares of Booking in a research note on Monday, August 24th. Finally, BTIG Research reaffirmed a “buy” rating and set a $250.00 target price on shares of Booking in a research note on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $236.98.
Read Our Latest Report on Booking
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Allworth Financial LP raised its holdings in Booking by 1,615.6% in the second quarter. Allworth Financial LP now owns 13,931 shares of the business services provider’s stock worth $2,483,000 after purchasing an additional 13,119 shares in the last quarter. B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Booking in the 2nd quarter valued at about $11,687,000. MBM Wealth Consultants LLC grew its position in shares of Booking by 2,860.8% in the 2nd quarter. MBM Wealth Consultants LLC now owns 12,554 shares of the business services provider’s stock worth $2,238,000 after buying an additional 12,130 shares during the last quarter. Life Cycle Investment Partners Ltd purchased a new position in shares of Booking in the 4th quarter worth approximately $361,463,000. Finally, Merit Financial Group LLC raised its stake in shares of Booking by 1,663.9% during the 2nd 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 in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.
About Booking
Booking Holdings Inc is a global provider of online travel and related services. The company connects consumers with accommodations, flights, rental cars, restaurants and travel experiences through a portfolio of digital brands and websites.
Its principal brands include Booking.com, which offers lodging, transportation and travel experiences; Priceline, which provides online booking services for hotels, flights, rental cars and vacation packages; Agoda, which focuses primarily on travel bookings in Asia and other international markets; KAYAK, a travel metasearch engine; OpenTable, a restaurant reservation and management platform; and Rentalcars.com, a global car rental service.
Booking Holdings serves customers, travel providers and restaurants across numerous countries and regions, with a particularly extensive international presence.
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