Headlands Technologies LLC Grows Stock Holdings in Booking Holdings Inc. $BKNG

Headlands Technologies LLC lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1,608.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,180 shares of the business services provider’s stock after purchasing an additional 13,350 shares during the period. Headlands Technologies LLC’s holdings in Booking were worth $2,527,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BKNG. Bogart Wealth LLC grew 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 buying an additional 139 shares in the last quarter. Wilkerson Advisory Group LLC grew its holdings in shares of Booking by 3,550.0% in the second quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 142 shares during the period. Osbon Capital Management LLC acquired a new stake in Booking during the fourth quarter worth about $27,000. First Financial Corp IN raised its stake in 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 purchasing an additional 144 shares during the period. Finally, Roble Belko & Company Inc boosted its holdings in Booking by 2,400.0% in the 2nd quarter. Roble Belko & Company Inc now owns 150 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 144 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Transactions at Booking

In related news, Director Robert J. Mylod, Jr. sold 5,000 shares of Booking stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $200.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the director directly owned 16,000 shares of the company’s stock, valued at approximately $3,200,000. The trade was a 23.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 50,050 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $207.59, for a total value of $10,389,879.50. Following the completion of the sale, the vice president directly owned 375,025 shares in the company, valued at $77,851,439.75. This trade represents a 11.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 77,550 shares of company stock valued at $16,112,304. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of recent analyst reports. Wedbush raised their price target on shares of Booking from $211.00 to $247.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Truist Financial set a $242.00 target price on Booking in a research report on Wednesday, August 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Booking in a report on Wednesday. Sanford C. Bernstein reissued a “market perform” rating and set a $188.00 price objective on shares of Booking in a research report on Wednesday. Finally, Robert W. Baird set a $230.00 price objective on shares of Booking in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $236.45.

Booking Stock Performance

NASDAQ:BKNG opened at $205.63 on Monday. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $226.10. The stock has a fifty day moving average price of $192.18 and a two-hundred day moving average price of $177.64. The stock has a market capitalization of $154.51 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.24 and a beta of 1.07.

Booking (NASDAQ:BKNG) last issued its earnings results 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. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The company had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same period in the prior year, the business posted $55.40 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts predict that Booking Holdings Inc. will post 10.48 EPS for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, September 11th. Booking’s dividend payout ratio (DPR) is presently 18.58%.

Booking Company 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.