Booking Holdings Inc. $BKNG Shares Purchased by Andra AP fonden

Andra AP fonden raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1,398.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,590 shares of the business services provider’s stock after purchasing an additional 99,478 shares during the quarter. Andra AP fonden’s holdings in Booking were worth $18,999,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP raised its stake in shares of Booking by 1,615.6% in the 2nd quarter. Allworth Financial LP now owns 13,931 shares of the business services provider’s stock worth $2,483,000 after buying an additional 13,119 shares in the last quarter. B. Metzler seel. Sohn & Co. AG bought a new stake in Booking in the second quarter worth about $11,687,000. MBM Wealth Consultants LLC lifted its holdings in Booking by 2,860.8% in the 2nd quarter. MBM Wealth Consultants LLC now owns 12,554 shares of the business services provider’s stock valued at $2,238,000 after acquiring an additional 12,130 shares during the last quarter. Merit Financial Group LLC boosted its position in shares of Booking by 1,663.9% during the 2nd quarter. Merit Financial Group LLC now owns 28,698 shares of the business services provider’s stock valued at $5,115,000 after purchasing an additional 27,071 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Booking by 2,643.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 527,425 shares of the business services provider’s stock worth $94,008,000 after purchasing an additional 508,197 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Trading Down 3.8%

BKNG stock traded down $6.33 during midday trading on Tuesday, reaching $162.19. The company had a trading volume of 6,208,238 shares, compared to its average volume of 8,189,824. The company has a 50 day moving average of $193.13 and a two-hundred day moving average of $179.25. The company has a market capitalization of $121.87 billion, a P/E ratio of 17.96, a PEG ratio of 1.04 and a beta of 1.07. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $225.00.

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

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, September 11th. This represents a $1.68 annualized dividend and a yield of 1.0%. Booking’s dividend payout ratio is presently 18.58%.

Analyst Ratings Changes

BKNG has been the subject of a number of research reports. The Goldman Sachs Group set a $215.00 target price on shares of Booking and gave the stock a “neutral” rating in a report on Monday, July 20th. DA Davidson set a $240.00 target price on Booking in a report on Thursday, August 6th. Benchmark upped their target price on Booking from $220.00 to $250.00 and gave the company a “buy” rating in a 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. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $230.00 target price on shares of Booking in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.98.

Insider Transactions at Booking

In related news, Director Vanessa Wittman sold 375 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $211.00, for a total value of $79,125.00. Following the completion of the transaction, the director directly owned 16,133 shares of the company’s stock, valued at $3,404,063. This trade represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 50,050 shares of Booking stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $207.59, for a total transaction of $10,389,879.50. Following the sale, the vice president owned 375,025 shares in the company, valued at approximately $77,851,439.75. This trade represents a 11.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 83,050 shares of company stock worth $17,182,274. Insiders own 0.17% of the company’s stock.

Booking Company Profile

Booking Holdings Inc is a global provider of online travel and related services. The company connects consumers with accommodations, flights, rental cars, restaurants and travel experiences through a portfolio of digital brands and websites.

Its principal brands include Booking.com, which offers lodging, transportation and travel experiences; Priceline, which provides online booking services for hotels, flights, rental cars and vacation packages; Agoda, which focuses primarily on travel bookings in Asia and other international markets; KAYAK, a travel metasearch engine; OpenTable, a restaurant reservation and management platform; and Rentalcars.com, a global car rental service.

Booking Holdings serves customers, travel providers and restaurants across numerous countries and regions, with a particularly extensive international presence.