Mission Wealth Management LP Acquires 11,940 Shares of Booking Holdings Inc. $BKNG

Mission Wealth Management LP boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2,695.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 12,383 shares of the business services provider’s stock after acquiring an additional 11,940 shares during the period. Mission Wealth Management LP’s holdings in Booking were worth $2,207,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strive Asset Management LLC purchased a new stake in Booking during the 3rd quarter valued at $27,000. Camelot Portfolios LLC purchased a new position in shares of Booking in the 4th quarter worth $27,000. Swiss RE Ltd. bought a new stake in shares of Booking in the fourth quarter worth $27,000. Mcguire Capital Advisors Inc. purchased a new stake in Booking during the fourth quarter valued at $27,000. Finally, Osbon Capital Management LLC purchased a new stake in Booking during the fourth quarter valued at $27,000. Institutional investors own 92.42% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert J. Mylod, Jr. sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $206.70, for a total transaction of $206,700.00. Following the completion of the transaction, the director directly owned 15,000 shares in the company, valued at approximately $3,100,500. This represents a 6.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the firm’s 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 transaction, the director directly owned 16,508 shares of the company’s stock, valued at approximately $3,169,536. This trade represents a 6.38% 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. Insiders have sold a total of 69,625 shares of company stock valued at $11,652,075 in the last quarter. 0.17% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BKNG. BMO Capital Markets reissued an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Booking in a research report on Wednesday, August 5th. Truist Financial set a $242.00 price objective on shares of Booking in a research note on Wednesday, August 5th. Cantor Fitzgerald boosted their target price on shares of Booking from $175.00 to $220.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Jefferies Financial Group upped their target price on shares of Booking from $180.00 to $190.00 and gave the company a “hold” rating in a report on Tuesday, July 14th. Finally, Evercore set a $245.00 price target on shares of Booking 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 given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $235.72.

Booking Price Performance

BKNG stock opened at $212.26 on Thursday. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year high of $231.80. The company has a market capitalization of $159.49 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 1.28 and a beta of 1.07. The business has a 50 day simple moving average of $182.16 and a two-hundred day simple moving average of $176.92.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The company had revenue of $7.35 billion for the quarter, compared to the consensus estimate 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 previous year, the firm posted $55.40 EPS. Sell-side analysts anticipate that Booking Holdings Inc. will post 10.47 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, September 11th. Booking’s dividend payout ratio (DPR) is currently 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.