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

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in Booking during the 2nd quarter worth approximately $11,646,302,000. Deutsche Bank AG bought a new stake in Booking in the second quarter valued at approximately $1,691,186,000. Bank of New York Mellon Corp purchased a new stake in shares of Booking during the second quarter valued at approximately $1,370,455,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Booking by 2,525.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,101,866 shares of the business services provider’s stock worth $1,087,597,000 after purchasing an additional 5,869,459 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Booking in the second quarter worth approximately $992,026,000. 92.42% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Booking news, Director Vanessa Wittman sold 1,125 shares of Booking stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $192.00, for a total value of $216,000.00. Following the completion of the sale, the director owned 16,508 shares of the company’s stock, valued at approximately $3,169,536. This trade represents a 6.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 50,050 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $207.59, for a total value of $10,389,879.50. Following the completion of the transaction, the vice president owned 375,025 shares of the company’s stock, valued at $77,851,439.75. This represents a 11.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 81,550 shares of company stock worth $16,922,744 over the last 90 days. 0.17% of the stock is currently owned by company insiders.

Booking Trading Down 0.9%

NASDAQ BKNG opened at $193.29 on Friday. The stock has a market cap of $145.23 billion, a P/E ratio of 21.39, a P/E/G ratio of 1.21 and a beta of 1.07. The stock’s fifty day moving average price is $194.31 and its 200-day moving average price is $178.43. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $226.10.

Booking (NASDAQ:BKNG) last released 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 business had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. Booking’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $55.40 EPS. As a group, analysts forecast that Booking Holdings Inc. will post 10.48 earnings per share for the current fiscal year.

Booking Announces Dividend

The company 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 dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.68 annualized dividend and a dividend yield of 0.9%. Booking’s dividend payout ratio (DPR) is 18.58%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Robert W. Baird set a $230.00 price target on shares of Booking in a report on Wednesday, August 5th. Sanford C. Bernstein restated a “market perform” rating and issued a $188.00 price objective on shares of Booking in a research report on Wednesday, August 26th. UBS Group upped their price objective on shares of Booking from $266.00 to $274.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Benchmark increased their target price on shares of Booking from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Rosenblatt Securities assumed coverage on Booking in a research note on Tuesday. They issued a “buy” rating and a $245.00 target price on the stock. Two analysts have 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $236.70.

About Booking

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.