Booking Holdings Inc. $BKNG Stock Holdings Boosted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 666.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 35,002 shares of the business services provider’s stock after purchasing an additional 30,436 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Booking were worth $6,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Premier Path Wealth Partners LLC grew its holdings in shares of Booking by 2,071.1% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 5,406 shares of the business services provider’s stock worth $964,000 after acquiring an additional 5,157 shares during the last quarter. United Community Bank increased its position in Booking by 2,286.4% in the 2nd quarter. United Community Bank now owns 1,575 shares of the business services provider’s stock worth $281,000 after purchasing an additional 1,509 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in Booking by 4,059.8% in the second quarter. Concurrent Investment Advisors LLC now owns 17,055 shares of the business services provider’s stock worth $3,040,000 after buying an additional 16,645 shares during the last quarter. NEOS Investment Management LLC raised its holdings in shares of Booking by 2,648.9% during the 2nd quarter. NEOS Investment Management LLC now owns 603,691 shares of the business services provider’s stock valued at $107,602,000 after purchasing an additional 581,730 shares in the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC raised its holdings in Booking by 2,401.6% during the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 1,576 shares of the business services provider’s stock valued at $281,000 after buying an additional 1,513 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

Booking stock opened at $193.29 on Monday. The stock has a market capitalization of $145.23 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.20 and a beta of 1.07. Booking Holdings Inc. has a twelve month low of $150.14 and a twelve month high of $226.10. The company has a 50 day moving average of $194.31 and a 200-day moving average of $178.60.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results 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 during 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%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned $55.40 EPS. Equities analysts anticipate that Booking Holdings Inc. will post 10.48 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be given a $0.42 dividend. 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 is presently 18.58%.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 3,000 shares of Booking stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $203.48, for a total transaction of $610,440.00. Following the completion of the sale, the insider directly owned 73,400 shares of the company’s stock, valued at approximately $14,935,432. This trade represents a 3.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Wittman sold 1,125 shares of Booking stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the sale, the director owned 16,508 shares of the company’s stock, valued at $3,169,536. This trade represents a 6.38% 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. Over the last 90 days, insiders sold 81,550 shares of company stock worth $16,922,744. 0.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on BKNG shares. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $188.00 price target on shares of Booking in a research report on Wednesday, August 26th. Evercore reissued an “outperform” rating and issued a $270.00 price target on shares of Booking in a research report on Monday, August 24th. UBS Group lifted their price objective on Booking from $266.00 to $274.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Piper Sandler restated a “neutral” rating and set a $215.00 price target (up from $195.00) on shares of Booking in a research report on Wednesday, August 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Booking in a research report on Wednesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and an average target price of $236.70.

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.