Inspire Trust Co. N.A. Acquires 200 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Inspire Trust Co. N.A. increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 50.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 600 shares of the business services provider’s stock after purchasing an additional 200 shares during the period. Inspire Trust Co. N.A.’s holdings in Booking were worth $2,764,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Belpointe Asset Management LLC lifted its holdings in shares of Booking by 2.2% during the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 2 shares in the last quarter. Elequin Capital LP lifted its stake in Booking by 20.0% in the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 2 shares in the last quarter. Fidelis Capital Partners LLC lifted its stake in Booking by 1.2% in the 1st quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider’s stock valued at $809,000 after acquiring an additional 2 shares in the last quarter. WNY Asset Management LLC lifted its stake in Booking by 3.7% in the 1st quarter. WNY Asset Management LLC now owns 56 shares of the business services provider’s stock valued at $258,000 after acquiring an additional 2 shares in the last quarter. Finally, Gries Financial LLC lifted its stake in Booking by 1.6% in the 1st quarter. Gries Financial LLC now owns 125 shares of the business services provider’s stock valued at $576,000 after acquiring an additional 2 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the topic of several research reports. Benchmark restated a “buy” rating and issued a $6,200.00 target price (up previously from $6,000.00) on shares of Booking in a research note on Wednesday, July 30th. Bank of America boosted their target price on Booking from $5,820.00 to $5,850.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Morgan Stanley set a $5,650.00 target price on Booking and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. BMO Capital Markets reaffirmed an “outperform” rating and set a $6,000.00 price target (up previously from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Wedbush reaffirmed a “neutral” rating and set a $5,900.00 price target on shares of Booking in a research report on Wednesday, July 30th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus target price of $5,781.04.

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the sale, the chief executive officer directly owned 26,633 shares of the company’s stock, valued at approximately $151,674,935. This represents a 3.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 3,039 shares of company stock worth $16,963,769. Corporate insiders own 0.16% of the company’s stock.

Booking Price Performance

Shares of NASDAQ BKNG opened at $5,447.92 on Thursday. The stock’s fifty day moving average price is $5,563.76 and its two-hundred day moving average price is $5,110.00. Booking Holdings Inc. has a one year low of $3,557.64 and a one year high of $5,839.41. The firm has a market cap of $176.57 billion, a price-to-earnings ratio of 37.89, a P/E/G ratio of 1.57 and a beta of 1.41.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $50.32 by $5.08. The company had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%. Booking’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $41.90 EPS. On average, equities analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking’s dividend payout ratio is 26.71%.

Booking Company Profile

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.