Tema Etfs LLC Buys Shares of 570 Booking Holdings Inc. $BKNG

Tema Etfs LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 570 shares of the business services provider’s stock, valued at approximately $3,078,000.

Several other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Booking by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 854,838 shares of the business services provider’s stock worth $4,936,132,000 after purchasing an additional 9,333 shares during the last quarter. Norges Bank acquired a new stake in shares of Booking in the second quarter valued at about $2,210,917,000. Invesco Ltd. lifted its stake in shares of Booking by 6.8% in the second quarter. Invesco Ltd. now owns 379,583 shares of the business services provider’s stock worth $2,197,495,000 after buying an additional 24,030 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Booking by 4.9% in the second quarter. Schroder Investment Management Group now owns 377,198 shares of the business services provider’s stock worth $2,183,690,000 after buying an additional 17,662 shares in the last quarter. Finally, Laurel Wealth Advisors LLC boosted its position in Booking by 578,824.0% during the second quarter. Laurel Wealth Advisors LLC now owns 289,462 shares of the business services provider’s stock worth $1,675,765,000 after acquiring an additional 289,412 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Booking

In other news, Director Robert J. Mylod, Jr. sold 40 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $4,800,000. This represents a 4.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $5,030.00, for a total transaction of $75,450.00. Following the transaction, the director directly owned 717 shares of the company’s stock, valued at $3,606,510. The trade was a 2.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 3,324 shares of company stock worth $17,193,557. 0.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on BKNG. Citigroup reiterated a “market outperform” rating on shares of Booking in a report on Wednesday, October 29th. Cowen restated a “buy” rating on shares of Booking in a research report on Wednesday, December 3rd. DA Davidson lifted their price objective on Booking from $6,500.00 to $6,600.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Robert W. Baird set a $6,325.00 price objective on Booking in a research note on Wednesday, October 29th. Finally, Bank of America upgraded Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 target price for the company in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $6,179.42.

Booking Stock Performance

BKNG opened at $5,492.11 on Monday. The stock has a market capitalization of $177.01 billion, a PE ratio of 35.70, a P/E/G ratio of 1.19 and a beta of 1.23. Booking Holdings Inc. has a one year low of $4,096.23 and a one year high of $5,839.41. The business’s 50 day moving average price is $5,157.46 and its 200 day moving average price is $5,372.97.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $8.71 billion. During the same quarter last year, the firm earned $83.39 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders 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 dividend on an annualized basis and a yield of 0.7%. Booking’s dividend payout ratio is presently 24.96%.

About Booking

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.