Formuepleje A S Purchases Shares of 8,437 Booking Holdings Inc. $BKNG

Formuepleje A S purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,437 shares of the business services provider’s stock, valued at approximately $1,504,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. AG purchased a new stake in Booking in the 2nd quarter worth approximately $11,687,000. MBM Wealth Consultants LLC increased its stake in shares of Booking by 2,860.8% during the second quarter. MBM Wealth Consultants LLC now owns 12,554 shares of the business services provider’s stock valued at $2,238,000 after buying an additional 12,130 shares during the period. Life Cycle Investment Partners Ltd purchased a new position in shares of Booking during the fourth quarter valued at approximately $361,463,000. Merit Financial Group LLC raised its holdings in shares of Booking by 1,663.9% during the second quarter. Merit Financial Group LLC now owns 28,698 shares of the business services provider’s stock valued at $5,115,000 after acquiring an additional 27,071 shares in the last quarter. Finally, Rit Capital Partners PLC bought a new position in shares of Booking during the fourth quarter valued at approximately $51,396,000. 92.42% of the stock is owned by institutional investors.

Booking Stock Performance

Shares of Booking stock opened at $193.29 on Monday. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $226.10. The firm has a market capitalization of $145.23 billion, a P/E ratio of 21.39, a P/E/G ratio of 1.20 and a beta of 1.07. The business has a fifty day simple moving average of $194.31 and a two-hundred day simple moving average of $178.60.

Booking (NASDAQ:BKNG) last released its earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The firm had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $55.40 EPS. Analysts predict that Booking Holdings Inc. will post 10.48 earnings per share for the current year.

Booking Announces Dividend

The firm 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. This represents a $1.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, September 11th. Booking’s dividend payout ratio is 18.58%.

Insider Buying and Selling at Booking

In other Booking news, VP Peter Millones, Jr. sold 50,050 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $207.59, for a total transaction of $10,389,879.50. Following the completion of the transaction, the vice president owned 375,025 shares of the company’s stock, valued at approximately $77,851,439.75. This trade represents a 11.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert Mylod, Jr. sold 5,000 shares of Booking stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $200.00, for a total transaction of $1,000,000.00. Following the transaction, the director owned 16,000 shares of the company’s stock, valued at $3,200,000. The trade was a 23.81% decrease in their ownership of the stock. 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 have sold 81,550 shares of company stock valued at $16,922,744. 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BKNG shares. DA Davidson set a $240.00 price target on shares of Booking in a report on Thursday, August 6th. The Goldman Sachs Group set a $215.00 price objective on shares of Booking and gave the stock a “neutral” rating in a report on Monday, July 20th. Cantor Fitzgerald raised their target price on shares of Booking from $175.00 to $220.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Truist Financial set a $242.00 target price on shares of Booking in a research note on Wednesday, August 5th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Booking in a research report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $236.70.

Booking 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.