Bank Hapoalim BM raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 13.4% in the 2nd quarter, Holdings Channel reports. The firm owned 76 shares of the business services provider’s stock after acquiring an additional 9 shares during the period. Bank Hapoalim BM’s holdings in Booking were worth $440,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Wealth Preservation Advisors LLC acquired a new position in Booking during the first quarter valued at approximately $28,000. Atwood & Palmer Inc. acquired a new position in Booking during the second quarter valued at approximately $29,000. Keystone Global Partners LLC acquired a new position in shares of Booking during the first quarter worth $32,000. O Brien Wealth Partners LLC acquired a new position in shares of Booking during the second quarter worth $35,000. Finally, First PREMIER Bank increased its holdings in shares of Booking by 100.0% during the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after buying an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.
Booking Stock Down 0.1%
Shares of Booking stock opened at $5,418.05 on Friday. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The stock has a market cap of $175.60 billion, a price-to-earnings ratio of 37.68, a P/E/G ratio of 1.56 and a beta of 1.35. The company’s fifty day moving average is $5,524.95 and its 200 day moving average is $5,297.52.
Booking Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a dividend of $9.60 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. Booking’s dividend payout ratio is 26.71%.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $6,000.00 price target (up from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Wedbush reiterated a “neutral” rating and set a $5,900.00 price target on shares of Booking in a report on Wednesday, July 30th. Royal Bank Of Canada upped their price target on shares of Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Erste Group Bank upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Finally, UBS Group upped their price target on shares of Booking from $5,750.00 to $6,300.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus target price of $5,807.89.
Read Our Latest Stock Report on BKNG
Insider Buying and Selling at Booking
In other Booking news, Director Larry Quinlan sold 64 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the sale, the director owned 131 shares of the company’s stock, valued at approximately $722,045.80. This represents a 32.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the sale, the chief executive officer directly owned 23,607 shares in the company, valued at $130,237,930.44. This trade represents a 4.11% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,195 shares of company stock valued at $23,467,630. 0.16% of the stock is currently owned by insiders.
Booking Profile
Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.
Further Reading
- Five stocks we like better than Booking
- Using the MarketBeat Dividend Yield Calculator
- After Trump Deal, Can Meta Stock Withstand TikTok’s Onslaught?
- Want to Profit on the Downtrend? Downtrends, Explained.
- Alphabet: After Its Best Quarter in Decades, Is It Time to Buy?
- How to Invest in the FAANG Stocks
- Forget Airlines—These Trucking Stocks Are Shifting Into High Gear
Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG – Free Report).
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.