Citizens Financial Group Inc. RI Buys 191 Shares of Booking Holdings Inc. $BKNG

Citizens Financial Group Inc. RI lifted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 19.2% during the 3rd quarter, Holdings Channel reports. The firm owned 1,186 shares of the business services provider’s stock after buying an additional 191 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Booking were worth $6,402,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BKNG. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Booking by 150.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock worth $27,000 after buying an additional 3 shares in the last quarter. Atwood & Palmer Inc. bought a new stake in Booking during the 2nd quarter worth approximately $29,000. Westside Investment Management Inc. increased its holdings in Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 4 shares in the last quarter. Davis Capital Management bought a new position in Booking in the 3rd quarter valued at $32,000. Finally, O Brien Wealth Partners LLC acquired a new position in Booking in the second quarter worth $35,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Down 1.8%

BKNG stock opened at $5,391.52 on Tuesday. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The company has a market cap of $173.77 billion, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 1.19 and a beta of 1.23. The business’s fifty day moving average is $5,164.68 and its 200-day moving average is $5,371.53.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $8.71 billion. During the same period in the previous year, the firm earned $83.39 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. Research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th were paid a $9.60 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking’s dividend payout ratio is 24.96%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Mizuho set a $6,000.00 target price on Booking in a research note on Wednesday, October 29th. B. Riley increased their price objective on shares of Booking from $6,700.00 to $6,800.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Argus boosted their target price on shares of Booking from $6,000.00 to $6,400.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Truist Financial set a $5,810.00 target price on shares of Booking in a research report on Wednesday, October 29th. Finally, Robert W. Baird set a $6,325.00 price target on shares of Booking in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $6,179.42.

Insider Activity

In related news, Director Robert J. Mylod, Jr. sold 40 shares of Booking stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the transaction, the director owned 960 shares of the company’s stock, valued at $4,800,000. This trade represents a 4.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paulo Pisano sold 200 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the insider directly owned 1,514 shares of the company’s stock, valued at $7,570,000. The trade was a 11.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,324 shares of company stock valued at $17,193,557. Insiders own 0.16% of the company’s stock.

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.