Booking Holdings Inc. $BKNG Shares Bought by Stonebridge Financial Group LLC MO

Stonebridge Financial Group LLC MO grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2,412.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,492 shares of the business services provider’s stock after buying an additional 3,353 shares during the quarter. Stonebridge Financial Group LLC MO’s holdings in Booking were worth $622,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in BKNG. Vanguard Group Inc. boosted its stake in shares of Booking by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,997,949 shares of the business services provider’s stock valued at $16,055,006,000 after buying an additional 23,159 shares in the last quarter. J. Stern & Co. LLP raised its position in Booking by 191,965.8% in the fourth quarter. J. Stern & Co. LLP now owns 2,832,970 shares of the business services provider’s stock worth $15,171,489,000 after acquiring an additional 2,831,495 shares in the last quarter. State Street Corp lifted its holdings in Booking by 0.5% in the fourth quarter. State Street Corp now owns 1,435,116 shares of the business services provider’s stock valued at $7,685,520,000 after acquiring an additional 6,976 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Booking by 15.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 966,121 shares of the business services provider’s stock valued at $5,173,899,000 after acquiring an additional 128,700 shares during the period. Finally, Bank of Nova Scotia boosted its position in shares of Booking by 1,497.3% during the 1st quarter. Bank of Nova Scotia now owns 870,520 shares of the business services provider’s stock worth $3,665,168,000 after purchasing an additional 816,022 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity

In other Booking news, VP Peter J. Millones sold 62,500 shares of Booking stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total value of $10,229,375.00. Following the completion of the sale, the vice president directly owned 425,075 shares of the company’s stock, valued at approximately $69,572,025.25. The trade was a 12.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $206.70, for a total value of $206,700.00. Following the completion of the transaction, the director owned 15,000 shares of the company’s stock, valued at $3,100,500. This trade represents a 6.25% 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. Insiders sold a total of 89,625 shares of company stock valued at $15,872,675 over the last quarter. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Bank of America reaffirmed a “buy” rating and set a $234.00 price target on shares of Booking in a research note on Wednesday, August 5th. Evercore set a $245.00 price objective on shares of Booking in a research note on Wednesday, April 29th. Citigroup reissued a “buy” rating and set a $236.00 price objective (up from $225.00) on shares of Booking in a report on Wednesday, August 5th. Wedbush upped their target price on shares of Booking from $211.00 to $247.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $240.00 target price (up from $215.00) on shares of Booking in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $235.72.

Booking Stock Performance

BKNG stock opened at $212.06 on Monday. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $231.80. The stock’s 50 day moving average price is $184.00 and its 200 day moving average price is $176.65. The firm has a market cap of $159.34 billion, a P/E ratio of 23.47, a PEG ratio of 1.28 and a beta of 1.07.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The business had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $55.40 earnings per share. On average, research analysts predict that Booking Holdings Inc. will post 10.47 earnings per share for the current year.

Booking Announces Dividend

The company also recently announced 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 is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. Booking’s dividend payout ratio (DPR) is 18.58%.

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.