Booking Holdings Inc. $BKNG Shares Bought by Stonebridge Financial Group LLC MO

Stonebridge Financial Group LLC MO raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 2,412.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,492 shares of the business services provider’s stock after buying an additional 3,353 shares during the quarter. Stonebridge Financial Group LLC MO’s holdings in Booking were worth $622,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BKNG. Camelot Portfolios LLC purchased a new position in Booking in the fourth quarter worth approximately $27,000. Osbon Capital Management LLC acquired a new stake in shares of Booking during the fourth quarter worth about $27,000. Mcguire Capital Advisors Inc. purchased a new position in Booking in the 4th quarter valued at approximately $27,000. Strive Asset Management LLC purchased a new position in Booking in the third quarter valued at $27,000. Finally, Swiss RE Ltd. purchased a new position in shares of Booking in the 4th quarter valued at about $27,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Booking

In related news, Director Vanessa Ames Wittman sold 1,125 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the sale, the director owned 16,508 shares in the company, valued at $3,169,536. This represents a 6.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the sale, the vice president owned 425,075 shares of the company’s stock, valued at approximately $69,572,025.25. This represents a 12.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 89,625 shares of company stock worth $15,872,675 in the last 90 days. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the subject of a number of analyst reports. Bank of America reiterated a “buy” rating and set a $234.00 target price on shares of Booking in a research note on Wednesday, August 5th. Truist Financial set a $242.00 price objective on shares of Booking in a report on Wednesday, August 5th. Barclays set a $210.00 price objective on shares of Booking and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Cantor Fitzgerald upped their target price on shares of Booking from $175.00 to $220.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, HSBC dropped their target price on shares of Booking from $309.84 to $298.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $235.72.

Booking Price Performance

NASDAQ:BKNG opened at $212.06 on Monday. The company has a market capitalization of $159.34 billion, a PE ratio of 23.47, a P/E/G ratio of 1.28 and a beta of 1.07. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $231.80. The stock’s 50 day moving average price is $184.00 and its 200 day moving average price is $176.65.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The company had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $55.40 earnings per share. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 10.47 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be given a $0.42 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.68 annualized dividend and a yield of 0.8%. Booking’s dividend payout ratio is 18.58%.

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.