DE Burlo Group Inc. Makes New $4.56 Million Investment in Booking Holdings Inc. (NASDAQ:BKNG)

DE Burlo Group Inc. bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,150 shares of the business services provider’s stock, valued at approximately $4,556,000.

Other large investors also recently made changes to their positions in the company. Global Assets Advisory LLC acquired a new position in Booking during the first quarter valued at approximately $401,371,000. BlueSpruce Investments LP acquired a new position in shares of Booking in the 4th quarter valued at $220,080,000. Bessemer Group Inc. increased its position in shares of Booking by 4,565.4% in the 1st quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock valued at $227,143,000 after buying an additional 61,268 shares in the last quarter. Morningstar Investment Services LLC raised its stake in Booking by 96.3% during the 4th quarter. Morningstar Investment Services LLC now owns 113,572 shares of the business services provider’s stock worth $403,233,000 after buying an additional 55,716 shares during the period. Finally, Mawer Investment Management Ltd. lifted its holdings in Booking by 29.2% during the first quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock worth $702,049,000 after acquiring an additional 43,743 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the completion of the transaction, the chief executive officer now directly owns 24,721 shares in the company, valued at $100,556,375.65. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the completion of the sale, the chief executive officer now directly owns 24,721 shares in the company, valued at approximately $100,556,375.65. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

Booking Trading Down 0.0 %

Shares of BKNG stock opened at $4,175.70 on Thursday. The stock has a 50 day simple moving average of $3,773.44 and a 200 day simple moving average of $3,738.53. Booking Holdings Inc. has a 1 year low of $2,733.04 and a 1 year high of $4,182.79. The stock has a market cap of $141.67 billion, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 1.25 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The firm had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the prior year, the company posted $37.62 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. Analysts forecast that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, September 6th. Booking’s payout ratio is presently 26.25%.

Analyst Ratings Changes

A number of research firms have recently commented on BKNG. Tigress Financial raised their price target on Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 9th. Bank of America dropped their price objective on shares of Booking from $3,950.00 to $3,750.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Barclays reduced their target price on shares of Booking from $4,300.00 to $3,900.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. StockNews.com lowered Booking from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company increased their price objective on Booking from $3,497.00 to $3,976.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Eleven 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $4,064.21.

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.