Booking Holdings Inc. $BKNG Stock Position Raised by Cardano Risk Management B.V.

Cardano Risk Management B.V. grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 862.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 218,080 shares of the business services provider’s stock after purchasing an additional 195,411 shares during the period. Booking comprises approximately 1.2% of Cardano Risk Management B.V.’s investment portfolio, making the stock its 22nd largest position. Cardano Risk Management B.V.’s holdings in Booking were worth $1,167,890,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Booking in the third quarter valued at $26,000. Daytona Street Capital LLC purchased a new stake in shares of Booking in the fourth quarter valued at $27,000. Legacy Bridge LLC purchased a new stake in shares of Booking in the fourth quarter valued at $27,000. Camelot Portfolios LLC purchased a new stake in shares of Booking in the fourth quarter valued at $27,000. Finally, Strive Asset Management LLC purchased a new stake in shares of Booking in the third quarter valued at $27,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling

In related news, Director Vanessa Ames Wittman sold 1,125 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the sale, the director directly owned 16,050 shares in the company, valued at approximately $3,081,600. This trade represents a 6.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total value of $10,229,375.00. Following the transaction, the vice president owned 425,075 shares in the company, valued at approximately $69,572,025.25. This trade represents a 12.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 97,076 shares of company stock worth $16,417,121. Corporate insiders own 0.16% of the company’s stock.

Booking Trading Up 0.8%

Shares of NASDAQ:BKNG opened at $164.94 on Friday. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $233.58. The business has a fifty day simple moving average of $169.43 and a 200 day simple moving average of $184.10. The firm has a market cap of $127.81 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 0.98 and a beta of 1.08.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. Booking had a negative return on equity of 117.14% and a net margin of 22.23%.The business had revenue of $5.53 billion during the quarter, compared to analyst estimates of $5.52 billion. During the same period last year, the company earned $0.99 earnings per share. Booking’s quarterly revenue was up 16.2% compared to the same quarter last year. On average, sell-side analysts forecast that Booking Holdings Inc. will post 10.44 EPS for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, June 5th. Booking’s dividend payout ratio (DPR) is currently 22.11%.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of research analyst reports. KeyCorp reduced their target price on Booking from $260.00 to $237.40 and set an “overweight” rating for the company in a report on Thursday, February 19th. Morgan Stanley upgraded Booking from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $246.00 to $220.00 in a report on Monday, February 23rd. Tigress Financial restated a “strong-buy” rating and issued a $260.00 target price (up from $244.00) on shares of Booking in a report on Wednesday, April 8th. BTIG Research restated a “buy” rating and issued a $250.00 target price on shares of Booking in a report on Friday, May 29th. Finally, Weiss Ratings upgraded Booking from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $227.14.

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.