Inspire Trust Co. N.A. boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 14.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 40,125 shares of the business services provider’s stock after purchasing an additional 5,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in Booking were worth $6,537,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in BKNG. Mill Capital Management LLC increased its position in Booking by 1.1% in the 1st quarter. Mill Capital Management LLC now owns 5,721 shares of the business services provider’s stock worth $24,087,000 after buying an additional 65 shares during the period. Van Diest Capital LLC boosted its position in shares of Booking by 30.1% in the first quarter. Van Diest Capital LLC now owns 281 shares of the business services provider’s stock valued at $1,185,000 after acquiring an additional 65 shares during the period. Garrett Wealth Advisory Group LLC grew its stake in shares of Booking by 2.5% in the third quarter. Garrett Wealth Advisory Group LLC now owns 2,667 shares of the business services provider’s stock worth $434,000 after acquiring an additional 65 shares during the last quarter. Adelphi Trust Co grew its stake in shares of Booking by 0.7% in the third quarter. Adelphi Trust Co now owns 9,660 shares of the business services provider’s stock worth $1,574,000 after acquiring an additional 67 shares during the last quarter. Finally, Allen Capital Group LLC raised its stake in Booking by 11.0% during the 1st quarter. Allen Capital Group LLC now owns 697 shares of the business services provider’s stock valued at $2,934,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.
Booking Trading Down 2.6%
Booking stock opened at $159.26 on Wednesday. Booking Holdings Inc. has a 1 year low of $146.28 and a 1 year high of $220.81. The company has a market cap of $118.44 billion, a PE ratio of 17.18, a PEG ratio of 1.05 and a beta of 1.17. The company’s 50-day moving average is $164.85 and its two-hundred day moving average is $175.68.
Booking (NASDAQ:BKNG – Get Free Report) last released its earnings results on Tuesday, November 3rd. The business services provider reported $4.66 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.17. Booking had a net margin of 25.52% and a negative return on equity of 89.54%. The firm had revenue of $9.79 billion during the quarter, compared to analyst estimates of $9.55 billion. During the same quarter in the previous year, the business earned $99.50 EPS. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. Research analysts forecast that Booking Holdings Inc. will post 10.24 EPS for the current year.
Booking Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 11th will be given a $0.42 dividend. The ex-dividend date is Friday, December 11th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.1%. Booking’s dividend payout ratio is currently 18.12%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Sanford C. Bernstein reissued a “market perform” rating and issued a $188.00 price target on shares of Booking in a report on Wednesday, August 26th. Wedbush dropped their price objective on shares of Booking from $247.00 to $210.00 and set an “outperform” rating on the stock in a report on Wednesday, November 4th. UBS Group cut their price target on Booking from $274.00 to $265.00 and set a “buy” rating for the company in a report on Tuesday, November 3rd. Oppenheimer reiterated an “outperform” rating and set a $240.00 target price (up from $215.00) on shares of Booking in a research report on Wednesday, August 5th. Finally, Benchmark lifted their price objective on Booking from $220.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $222.35.
Get Our Latest Analysis on Booking
Insiders Place Their Bets
In other news, VP Peter Millones, Jr. sold 50,050 shares of Booking stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $207.59, for a total transaction of $10,389,879.50. Following the transaction, the vice president owned 375,025 shares in the company, valued at $77,851,439.75. The trade was a 11.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert Mylod, Jr. sold 1,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $200.00, for a total transaction of $200,000.00. Following the sale, the director directly owned 14,000 shares of the company’s stock, valued at $2,800,000. This represents a 6.67% decrease in their position. 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 three months, insiders sold 57,425 shares of company stock worth $11,783,564. 0.17% of the stock is owned by company insiders.
Booking Company Profile
Booking Holdings Inc. is an online travel company that connects travelers with accommodations and other travel services. Through its digital platforms, customers can search for and book hotels, vacation rentals, flights, rental cars, attractions and other travel experiences. The company operates a portfolio of consumer brands, including Booking.com, Priceline, Agoda, KAYAK, Rentalcars.com and OpenTable. Its services span accommodation reservations, travel search and comparison, car rentals, and restaurant reservations.
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