Dupont Capital Management Corp Reduces Holdings in Booking Holdings Inc. $BKNG

Dupont Capital Management Corp reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 9.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,858 shares of the business services provider’s stock after selling 194 shares during the period. Dupont Capital Management Corp’s holdings in Booking were worth $10,032,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Ninety One SA PTY Ltd lifted its position in shares of Booking by 4.8% in the third quarter. Ninety One SA PTY Ltd now owns 4,663 shares of the business services provider’s stock valued at $25,188,000 after acquiring an additional 213 shares in the last quarter. Mather Group LLC. raised its stake in Booking by 2.5% in the 3rd quarter. Mather Group LLC. now owns 207 shares of the business services provider’s stock valued at $1,117,000 after purchasing an additional 5 shares during the last quarter. Vanderbilt University lifted its holdings in Booking by 4.2% in the 3rd quarter. Vanderbilt University now owns 1,425 shares of the business services provider’s stock valued at $7,694,000 after purchasing an additional 57 shares in the last quarter. Seascape Capital Management lifted its holdings in Booking by 3.2% in the 3rd quarter. Seascape Capital Management now owns 1,003 shares of the business services provider’s stock valued at $5,418,000 after purchasing an additional 31 shares in the last quarter. Finally, Fenimore Asset Management Inc boosted its stake in shares of Booking by 0.3% during the 3rd quarter. Fenimore Asset Management Inc now owns 19,992 shares of the business services provider’s stock worth $107,942,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BKNG shares. Wedbush raised shares of Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 price objective for the company in a research report on Thursday, November 13th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $5,433.00 target price on shares of Booking in a research note on Thursday, October 30th. Gordon Haskett raised their price objective on Booking from $5,620.00 to $5,710.00 and gave the stock a “hold” rating in a report on Wednesday, December 10th. Barclays lifted their price objective on Booking from $6,000.00 to $6,250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Booking in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $6,149.23.

Insider Buying and Selling at Booking

In related news, Director Robert J. Mylod, Jr. sold 40 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the completion of the sale, the director directly owned 960 shares of the company’s stock, valued at approximately $4,800,000. This represents a 4.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Glenn D. Fogel sold 625 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the completion of the sale, the chief executive officer owned 22,982 shares of the company’s stock, valued at approximately $118,162,642.46. This represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,324 shares of company stock worth $17,193,557. 0.16% of the stock is currently owned by insiders.

Booking Trading Down 1.3%

Shares of Booking stock opened at $5,355.33 on Friday. The business’s fifty day moving average price is $5,124.12 and its 200 day moving average price is $5,370.74. 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 capitalization of $172.62 billion, a P/E ratio of 34.81, a PEG ratio of 1.35 and a beta of 1.25.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The company had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same period last year, the business posted $83.39 EPS. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th were given a $9.60 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking’s dividend payout ratio is presently 24.96%.

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.