Krilogy Financial LLC Has $50.29 Million Position in Booking Holdings Inc. $BKNG

Krilogy Financial LLC grew its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 3,264.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,945 shares of the business services provider’s stock after acquiring an additional 11,590 shares during the quarter. Booking accounts for 1.6% of Krilogy Financial LLC’s holdings, making the stock its 13th biggest position. Krilogy Financial LLC’s holdings in Booking were worth $50,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of BKNG. KERR FINANCIAL PLANNING Corp bought a new position in Booking during the 3rd quarter worth approximately $26,000. Daytona Street Capital LLC bought a new stake in Booking in the fourth quarter valued at approximately $27,000. Legacy Bridge LLC acquired a new stake in Booking in the fourth quarter worth $27,000. Camelot Portfolios LLC acquired a new stake in Booking in the fourth quarter worth $27,000. Finally, Osbon Capital Management LLC bought a new position in shares of Booking during the fourth quarter worth $27,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Booking

In other Booking news, VP Peter J. Millones sold 62,500 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the completion of the sale, the vice president owned 425,075 shares of the company’s stock, valued at $69,572,025.25. This trade represents a 12.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn D. Fogel sold 16,726 shares of Booking stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $185.36, for a total transaction of $3,100,331.36. Following the transaction, the chief executive officer directly owned 298,174 shares of the company’s stock, valued at approximately $55,269,532.64. This trade represents a 5.31% decrease in their ownership of the stock. 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 quarter, insiders have sold 80,351 shares of company stock worth $13,545,706. Company insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BKNG shares. DA Davidson decreased their price target on shares of Booking from $240.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Booking in a research note on Thursday, June 11th. Piper Sandler set a $195.00 target price on Booking in a report on Wednesday, April 29th. Robert W. Baird decreased their target price on Booking from $234.00 to $215.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Finally, Weiss Ratings upgraded Booking from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $227.14.

Booking Stock Up 0.7%

Shares of NASDAQ BKNG opened at $168.94 on Wednesday. The business’s 50 day moving average price is $169.15 and its two-hundred day moving average price is $183.04. The company has a market cap of $130.91 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.00 and a beta of 1.08. Booking Holdings Inc. has a twelve month low of $150.14 and a twelve month high of $233.58.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. Booking had a negative return on equity of 117.14% and a net margin of 22.23%.The firm had revenue of $5.53 billion for the quarter, compared to analyst estimates of $5.52 billion. During the same quarter in the prior year, the company earned $0.99 earnings per share. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. As a group, research analysts anticipate that Booking Holdings Inc. will post 10.44 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, June 5th. Booking’s dividend payout ratio is 22.11%.

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.