Krilogy Financial LLC grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 251.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,517 shares of the business services provider’s stock after buying an additional 3,947 shares during the quarter. Krilogy Financial LLC’s holdings in Booking were worth $899,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Booking during the 2nd quarter worth approximately $11,646,302,000. State Street Corp increased its holdings in Booking by 2,674.6% during the 2nd quarter. State Street Corp now owns 39,420,711 shares of the business services provider’s stock valued at $7,026,348,000 after purchasing an additional 37,999,915 shares in the last quarter. Deutsche Bank AG bought a new position in Booking in the 2nd quarter valued at $1,691,186,000. Bank of New York Mellon Corp bought a new position in Booking in the 2nd quarter valued at $1,370,455,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Booking by 2,525.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,101,866 shares of the business services provider’s stock valued at $1,087,597,000 after purchasing an additional 5,869,459 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently commented on BKNG shares. Bank of America restated a “buy” rating and set a $234.00 target price on shares of Booking in a report on Wednesday, August 5th. Benchmark lifted their price target on Booking from $220.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Wedbush lifted their price target on Booking from $211.00 to $247.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. B. Riley Financial reiterated a “buy” rating and set a $274.00 price target (up from $264.00) on shares of Booking in a research report on Wednesday, August 5th. Finally, Evercore reiterated an “outperform” rating and set a $270.00 price target on shares of Booking in a research report on Monday, August 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and an average target price of $233.95.
Get Our Latest Stock Analysis on BKNG
Booking Price Performance
Shares of NASDAQ BKNG traded down $2.35 during mid-day trading on Friday, hitting $163.45. The company’s stock had a trading volume of 6,370,229 shares, compared to its average volume of 8,414,531. The stock has a market cap of $122.81 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 1.03 and a beta of 1.13. Booking Holdings Inc. has a one year low of $150.14 and a one year high of $220.81. The company’s fifty day simple moving average is $182.08 and its 200-day simple moving average is $177.50.
Booking (NASDAQ:BKNG – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, topping the consensus estimate of $2.43 by $0.11. The company had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. Booking’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $55.40 EPS. On average, sell-side analysts predict that Booking Holdings Inc. will post 10.48 EPS for the current year.
Booking Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, September 11th. Booking’s payout ratio is currently 18.58%.
Insider Activity
In other Booking news, Director Vanessa Wittman sold 375 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $211.00, for a total transaction of $79,125.00. Following the completion of the sale, the director owned 16,133 shares in the company, valued at approximately $3,404,063. The trade was a 2.27% decrease in their position. The sale was disclosed in a legal filing 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 stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total value of $4,220,600.00. Following the completion of the transaction, the chief financial officer directly owned 59,794 shares in the company, valued at approximately $12,618,327.82. This trade represents a 25.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 84,550 shares of company stock worth $17,426,864. Corporate insiders own 0.17% of the company’s stock.
About Booking
Booking Holdings Inc is a global online travel and restaurant reservation company headquartered in Norwalk, Connecticut. Through its digital platforms, the company helps consumers search for, compare and reserve accommodations, flights, rental cars, vacation packages, attractions and restaurant reservations.
Its portfolio includes Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and the travel metasearch brands Momondo and Cheapflights. Booking.com is primarily known for lodging reservations, while Priceline focuses on travel deals, Agoda serves customers across international markets with a strong presence in Asia, KAYAK and its related brands provide travel search and comparison services, and OpenTable operates a restaurant reservation platform.
The company was founded in 1997 as Priceline.com and was later renamed The Priceline Group before adopting the Booking Holdings name in 2018.
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