2 weeks Ago By ABMN Staff
Troy Asset Management Ltd raised its holdings in Booking Holdings Inc. ( NASDAQ:BKNG – Free Report ) by 2.2% in the second quarter, Holdings Channel reports.
The firm owned 8,191 shares of the business services provider’s stock after purchasing an additional 178 shares during the period. Booking accounts for 1.0% of Troy Asset Management Ltd’s investment portfolio, making the stock its 23rd largest holding.
Troy Asset Management Ltd’s holdings in Booking were worth $32,449,000 at the end of the most recent reporting period. A number of other hedge funds also recently made changes to their positions in the business. ICA Group Wealth Management LLC bought a new stake in Booking in the fourth quarter worth about $25,000.
Grove Bank & Trust grew its holdings in Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares during the period.
POM Investment Strategies LLC purchased a new stake in Booking in the 2nd quarter worth about $28,000. Kings Path Partners LLC bought a new stake in Booking in the 2nd quarter valued at about $28,000. Finally, Financial Connections Group Inc.
purchased a new stake in shares of Booking during the 2nd quarter valued at approximately $31,000. 92.42% of the stock is currently owned by institutional investors.
Analyst Ratings Changes A number of research analysts have weighed in on BKNG shares. Oppenheimer reduced their target price on Booking from $4,600.00 to $4,200.
00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Argus upped their target price on shares of Booking from $4,200.00 to $4,342.
00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. B. Riley cut their price target on shares of Booking from $4,900.
00 to $4,650.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Bank of America decreased their price target on shares of Booking from $3,950.
00 to $3,750.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Booking from $4,275.
00 to $4,105.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock.
According to data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $4,064.21.
Booking Stock Performance Shares of BKNG stock opened at $4,212.12 on Tuesday. The company has a market capitalization of $142.
91 billion, a P/E ratio of 31.59, a PEG ratio of 1.27 and a beta of 1.
40. Booking Holdings Inc. has a fifty-two week low of $2,733.
04 and a fifty-two week high of $4,272.88. The stock has a 50 day moving average price of $3,795.
60 and a two-hundred day moving average price of $3,758.88. Booking ( NASDAQ:BKNG – Get Free Report ) last posted its quarterly earnings results on Thursday, August 1st.
The business services provider reported $41.90 EPS for the quarter, beating analysts’ consensus estimates of $39.22 by $2.
68. The company had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.
77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.
87%. The firm’s revenue was up 7.3% compared to the same quarter last year.
During the same period in the prior year, the business posted $37.62 EPS. As a group, equities analysts predict that Booking Holdings Inc.
will post 176.92 earnings per share for the current year. Booking Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th.
Investors of record on Friday, September 6th were paid a $8.75 dividend. The ex-dividend date of this dividend was Friday, September 6th.
This represents a $35.00 annualized dividend and a dividend yield of 0.83%.
Booking’s payout ratio is presently 26.25%. Insider Activity at Booking In other Booking news, CEO Glenn D.
Fogel sold 750 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total value of $3,050,737.
50. Following the completion of the sale, the chief executive officer now owns 24,721 shares in the company, valued at approximately $100,556,375.65.
The transaction was disclosed in a document filed with the SEC, which is available at this link . In other news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction that occurred on Monday, July 15th.
The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50.
Following the transaction, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link .
Also, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.
00. Following the transaction, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07.
The disclosure for this sale can be found here . 0.12% of the stock is owned by company insiders.
About Booking ( Free Report ) Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.
com, priceline.com and agoda.com brands.
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