Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC increased its stake in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,389 shares of the business services provider’s stock after buying an additional 44 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Booking were worth $8,477,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Oppenheimer & Co. Inc. grew its stake in Booking by 78.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 252 shares of the business services provider’s stock valued at $777,000 after purchasing an additional 111 shares in the last quarter. Atria Wealth Solutions Inc. grew its stake in Booking by 10.7% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 845 shares of the business services provider’s stock valued at $2,606,000 after purchasing an additional 82 shares in the last quarter. Gabelli Funds LLC acquired a new position in shares of Booking in the 3rd quarter worth approximately $10,485,000. Pathstone Family Office LLC grew its position in shares of Booking by 95.5% in the 3rd quarter. Pathstone Family Office LLC now owns 2,988 shares of the business services provider’s stock worth $9,221,000 after acquiring an additional 1,460 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Booking by 7.7% in the 3rd quarter. HighTower Advisors LLC now owns 13,438 shares of the business services provider’s stock worth $41,269,000 after acquiring an additional 956 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BKNG shares. Royal Bank of Canada lifted their target price on Booking from $3,550.00 to $3,900.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Wedbush reiterated an “outperform” rating and issued a $3,850.00 target price on shares of Booking in a research report on Tuesday, April 30th. StockNews.com lowered Booking from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Wells Fargo & Company raised their price target on Booking from $3,435.00 to $3,494.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Finally, Erste Group Bank reissued a “hold” rating on shares of Booking in a report on Wednesday, March 13th. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,902.54.

Check Out Our Latest Analysis on BKNG

Booking Stock Performance

BKNG stock opened at $3,810.06 on Friday. The company has a fifty day moving average price of $3,637.90 and a 200-day moving average price of $3,539.35. The company has a market capitalization of $129.28 billion, a P/E ratio of 28.57, a PEG ratio of 1.14 and a beta of 1.40. Booking Holdings Inc. has a 52-week low of $2,579.36 and a 52-week high of $3,918.00.

Booking (NASDAQ:BKNGGet Free Report) last announced its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, topping analysts’ consensus estimates of $14.03 by $6.36. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter last year, the firm earned $11.60 earnings per share. Booking’s quarterly revenue was up 16.9% on a year-over-year basis. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 178.54 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, June 7th. Booking’s payout ratio is 26.25%.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 28 shares of Booking stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $3,498.29, for a total transaction of $97,952.12. Following the completion of the transaction, the director now directly owns 233 shares in the company, valued at $815,101.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Paulo Pisano sold 227 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the transaction, the insider now directly owns 4,233 shares of the company’s stock, valued at $15,157,314.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 28 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $3,498.29, for a total transaction of $97,952.12. Following the transaction, the director now directly owns 233 shares in the company, valued at $815,101.57. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,351 shares of company stock worth $18,440,475. 0.12% of the stock is currently owned by company insiders.

Booking Profile

(Free Report)

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

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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