Dnca Finance Has $11.13 Million Stock Holdings in Booking Holdings Inc. $BKNG

Dnca Finance lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 16.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,923 shares of the business services provider’s stock after purchasing an additional 273 shares during the quarter. Dnca Finance’s holdings in Booking were worth $11,133,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BKNG. Brighton Jones LLC lifted its position in shares of Booking by 34.9% during the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after purchasing an additional 65 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in Booking in the 4th quarter worth approximately $209,000. Chicago Partners Investment Group LLC lifted its holdings in Booking by 26.4% during the 1st quarter. Chicago Partners Investment Group LLC now owns 115 shares of the business services provider’s stock worth $530,000 after buying an additional 24 shares in the last quarter. AlphaCore Capital LLC boosted its position in Booking by 58.7% in the 1st quarter. AlphaCore Capital LLC now owns 73 shares of the business services provider’s stock valued at $336,000 after buying an additional 27 shares during the last quarter. Finally, AMF Tjanstepension AB increased its stake in shares of Booking by 308.2% in the 1st quarter. AMF Tjanstepension AB now owns 1,743 shares of the business services provider’s stock valued at $8,030,000 after buying an additional 1,316 shares during the period. Institutional investors own 92.42% of the company’s stock.

Insider Activity

In other Booking news, Director Robert J. Mylod, Jr. sold 40 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $200,000.00. Following the completion of the sale, the director directly owned 960 shares in the company, valued at $4,800,000. This represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $5,030.00, for a total value of $75,450.00. Following the sale, the director directly owned 717 shares in the company, valued at approximately $3,606,510. This represents a 2.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,452 shares of company stock worth $17,987,397 in the last 90 days. Corporate insiders own 0.16% of the company’s stock.

Booking Price Performance

Shares of BKNG stock opened at $5,197.04 on Friday. The stock has a market cap of $167.50 billion, a PE ratio of 33.78, a price-to-earnings-growth ratio of 1.31 and a beta of 1.25. The stock has a 50-day moving average of $5,077.33 and a 200-day moving average of $5,382.53. Booking Holdings Inc. has a one year low of $4,096.23 and a one year high of $5,839.41.

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

Booking Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald cut their price target on Booking from $5,590.00 to $5,550.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Rothschild & Co Redburn upped their target price on shares of Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. DA Davidson raised their target price on shares of Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Citigroup reissued a “market outperform” rating on shares of Booking in a research note on Wednesday, October 29th. Finally, The Goldman Sachs Group increased their price objective on shares of Booking from $5,640.00 to $6,050.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $6,146.23.

Booking 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.