Bey Douglas LLC Sells 518 Shares of Booking Holdings Inc. $BKNG

Bey Douglas LLC decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 26.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,438 shares of the business services provider’s stock after selling 518 shares during the period. Booking comprises approximately 5.8% of Bey Douglas LLC’s holdings, making the stock its 4th largest holding. Bey Douglas LLC’s holdings in Booking were worth $7,766,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Westside Investment Management Inc. raised its stake in shares of Booking by 400.0% in the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 4 shares in the last quarter. Halbert Hargrove Global Advisors LLC lifted its holdings 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 during the period. Barnes Dennig Private Wealth Management LLC boosted its position in shares of Booking by 100.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 3 shares in the last quarter. Davis Capital Management bought a new stake in Booking in the third quarter valued at about $32,000. Finally, Howard Hughes Medical Institute bought a new stake in Booking in the second quarter valued at about $41,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Up 2.7%

Shares of BKNG opened at $5,163.61 on Thursday. The stock has a market cap of $166.42 billion, a P/E ratio of 33.56, a price-to-earnings-growth ratio of 1.09 and a beta of 1.23. The stock’s 50-day moving average price is $5,188.49 and its two-hundred day moving average price is $5,346.25. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41.

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

Booking Announces Dividend

The firm 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. The ex-dividend date was Friday, December 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking’s payout ratio is currently 24.96%.

Analyst Ratings Changes

BKNG has been the topic of a number of recent research reports. BNP Paribas Exane set a $6,100.00 price objective on Booking in a report on Monday, November 24th. B. Riley boosted their price target on Booking from $6,700.00 to $6,800.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Barclays increased their price objective on Booking from $6,000.00 to $6,250.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Citigroup restated a “market outperform” rating on shares of Booking in a research note on Wednesday, October 29th. Finally, Truist Financial set a $5,810.00 target price on shares of Booking in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $6,229.61.

Insider Buying and Selling

In other Booking news, CEO Glenn D. Fogel sold 953 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $5,181.34, for a total transaction of $4,937,817.02. Following the sale, the chief executive officer directly owned 19,615 shares in the company, valued at approximately $101,631,984.10. This trade represents a 4.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $5,191.15, for a total transaction of $77,867.25. Following the completion of the transaction, the director owned 687 shares of the company’s stock, valued at $3,566,320.05. This trade represents a 2.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,324 shares of company stock valued at $17,190,323. 0.16% of the stock is owned by company insiders.

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.