denkapparat Operations GmbH Acquires 3,068 Shares of Booking Holdings Inc. $BKNG

denkapparat Operations GmbH raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1,189.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,326 shares of the business services provider’s stock after buying an additional 3,068 shares during the quarter. denkapparat Operations GmbH’s holdings in Booking were worth $593,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bogart Wealth LLC increased its position in Booking by 3,475.0% in the 2nd quarter. Bogart Wealth LLC now owns 143 shares of the business services provider’s stock valued at $25,000 after buying an additional 139 shares in the last quarter. Wilkerson Advisory Group LLC boosted its stake in Booking by 3,550.0% during the 2nd quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 142 shares during the last quarter. Strive Asset Management LLC acquired a new position in Booking during the 3rd quarter valued at about $27,000. Swiss RE Ltd. bought a new stake in Booking during the 4th quarter worth approximately $27,000. Finally, Mcguire Capital Advisors Inc. purchased a new stake in shares of Booking in the fourth quarter worth approximately $27,000. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of analyst reports. DA Davidson set a $240.00 price objective on shares of Booking in a report on Thursday, August 6th. Rosenblatt Securities assumed coverage on shares of Booking in a research report on Tuesday. They issued a “buy” rating and a $245.00 price objective on the stock. The Goldman Sachs Group set a $215.00 price objective on Booking and gave the company a “neutral” rating in a research note on Monday, July 20th. Wedbush boosted their target price on Booking from $211.00 to $247.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $188.00 price target on shares of Booking in a research note on Wednesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $236.70.

Booking Stock Performance

Shares of BKNG stock opened at $193.29 on Friday. The company has a market capitalization of $145.23 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.21 and a beta of 1.07. The business’s fifty day moving average is $194.31 and its 200 day moving average is $178.43. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $226.10.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.11. The company had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. Booking’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $55.40 earnings per share. On average, sell-side analysts forecast that Booking Holdings Inc. will post 10.48 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.9%. Booking’s dividend payout ratio is presently 18.58%.

Insider Activity

In related news, CFO Ewout L. Steenbergen sold 20,000 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $211.03, for a total value of $4,220,600.00. Following the transaction, the chief financial officer owned 59,794 shares of the company’s stock, valued at $12,618,327.82. This represents a 25.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Wittman sold 375 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $211.00, for a total value of $79,125.00. Following the sale, the director owned 16,133 shares in the company, valued at $3,404,063. The trade was a 2.27% decrease in their position. 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. In the last 90 days, insiders have sold 81,550 shares of company stock worth $16,922,744. Corporate insiders own 0.17% of the company’s stock.

Booking Company 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.