Booking Holdings Inc. $BKNG Shares Acquired by MGO One Seven LLC

MGO One Seven LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 150.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,418 shares of the business services provider’s stock after buying an additional 851 shares during the period. MGO One Seven LLC’s holdings in Booking were worth $7,657,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BKNG. Citizens Financial Group Inc. RI boosted its stake in shares of Booking by 19.2% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,186 shares of the business services provider’s stock worth $6,402,000 after acquiring an additional 191 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Booking by 16.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 564 shares of the business services provider’s stock worth $2,873,000 after purchasing an additional 78 shares during the period. Tema Etfs LLC purchased a new stake in shares of Booking during the third quarter valued at $3,078,000. Reliant Investment Management LLC boosted its position in shares of Booking by 4.2% in the 3rd quarter. Reliant Investment Management LLC now owns 978 shares of the business services provider’s stock valued at $5,280,000 after purchasing an additional 39 shares during the period. Finally, Bayforest Capital Ltd purchased a new position in Booking in the 3rd quarter worth about $119,000. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the subject of several recent analyst reports. Rothschild & Co Redburn raised their target price on shares of Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. The Goldman Sachs Group upped their price target on shares of Booking from $5,640.00 to $6,050.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Wells Fargo & Company raised their price objective on shares of Booking from $5,523.00 to $5,954.00 and gave the stock an “equal weight” rating in a research note on Friday. Wedbush upgraded shares of Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 price objective on the stock in a research report on Thursday, November 13th. Finally, Seaport Global Securities boosted their target price on shares of Booking from $6,030.00 to $6,260.00 and gave the company a “buy” rating in a research note 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 issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6,179.42.

Booking Stock Performance

Booking stock opened at $5,391.52 on Tuesday. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The firm has a market cap of $173.77 billion, a PE ratio of 35.04, a P/E/G ratio of 1.19 and a beta of 1.23. The firm’s 50 day moving average price is $5,164.68 and its two-hundred day moving average price is $5,371.53.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating 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 business had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $8.71 billion. During the same period in the previous year, the company posted $83.39 EPS. Booking’s revenue was up 12.7% on a year-over-year basis. Equities analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th were paid a $9.60 dividend. The ex-dividend date was Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. Booking’s payout ratio is 24.96%.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 200 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the insider directly owned 1,514 shares of the company’s stock, valued at $7,570,000. This trade represents a 11.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Glenn D. Fogel sold 625 shares of Booking stock in a transaction dated 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 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 valued at $17,193,557. 0.16% of the stock is currently owned by company insiders.

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.