Booking Holdings Inc. $BKNG Shares Acquired by Boit C F David

Boit C F David increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 66.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 250 shares of the business services provider’s stock after purchasing an additional 100 shares during the period. Boit C F David’s holdings in Booking were worth $1,350,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BKNG. Halbert Hargrove Global Advisors LLC boosted its position in shares of Booking by 150.0% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock worth $27,000 after acquiring an additional 3 shares in the last quarter. Westside Investment Management Inc. raised its position in shares of Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after acquiring an additional 4 shares in the last quarter. Davis Capital Management acquired a new stake in shares of Booking during the 3rd quarter worth about $32,000. First PREMIER Bank lifted its stake in Booking by 100.0% during the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after purchasing an additional 3 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC lifted its stake in Booking by 100.0% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock worth $35,000 after purchasing an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity

In other Booking news, Director Robert J. Mylod, Jr. sold 40 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total value of $200,000.00. Following the transaction, the director directly owned 960 shares of the company’s stock, valued at approximately $4,800,000. The trade was a 4.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Glenn D. Fogel sold 571 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $5,414.53, for a total transaction of $3,091,696.63. Following the transaction, the chief executive officer owned 21,010 shares of the company’s stock, valued at approximately $113,759,275.30. The trade was a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 2,296 shares of company stock valued at $11,862,154. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on BKNG. B. Riley raised their price objective on shares of Booking from $6,700.00 to $6,800.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Wall Street Zen upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Sunday, January 4th. UBS Group set a $6,806.00 price target on shares of Booking and gave the stock a “buy” rating in a research note on Wednesday, October 29th. BNP Paribas set a $6,100.00 price target on shares of Booking in a research report on Monday, November 24th. Finally, BNP Paribas Exane started coverage on shares of Booking in a research note on Monday, November 24th. They issued an “outperform” rating and a $6,100.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6,225.56.

Booking Stock Up 0.1%

NASDAQ BKNG opened at $5,193.06 on Friday. The firm has a market cap of $167.37 billion, a P/E ratio of 33.75, a P/E/G ratio of 1.13 and a beta of 1.23. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41. The business’s 50-day moving average price is $5,182.53 and its 200 day moving average price is $5,366.38.

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

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 5th were given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, December 5th. Booking’s dividend payout ratio (DPR) is 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.