Booking Holdings Inc. $BKNG Shares Bought by Andra AP fonden

Andra AP fonden boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 383.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,290 shares of the business services provider’s stock after buying an additional 4,990 shares during the period. Andra AP fonden’s holdings in Booking were worth $33,685,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. KERR FINANCIAL PLANNING Corp bought a new position in Booking during the third quarter valued at about $26,000. Daytona Street Capital LLC bought a new position in Booking during the fourth quarter valued at about $27,000. Legacy Bridge LLC bought a new position in Booking during the fourth quarter valued at about $27,000. Camelot Portfolios LLC bought a new position in Booking during the fourth quarter valued at about $27,000. Finally, Strive Asset Management LLC bought a new position in Booking during the third quarter valued at about $27,000. Institutional investors own 92.42% of the company’s stock.

Trending Headlines about Booking

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Analyst coverage remains constructive, with Booking Holdings carrying a consensus recommendation of “Moderate Buy”, which may help support the stock. Booking Holdings Inc. (NASDAQ:BKNG) Given Consensus Recommendation of “Moderate Buy” by Analysts
• Positive Sentiment: Several brokerage-related articles reiterated that analysts still generally view BKNG favorably, suggesting Wall Street sees upside despite the pullback. Brokers Suggest Investing in Booking Holdings (BKNG): Read This Before Placing a Bet
• Positive Sentiment: Dodge & Cox reportedly initiated a position in Booking Holdings, a sign that some institutional investors see value in the stock after its decline. Dodge and Cox Fund Initiated Booking Holdings (BKNG) on Overlooked Advantage
• Neutral Sentiment: New commentary is questioning whether BKNG is now a bargain or a value trap after a roughly 25% share-price slide, which could keep traders cautious until fundamentals improve. Is It Time To Reassess Booking Holdings (BKNG) After A 25% Share Price Slide?
• Neutral Sentiment: Market recap pieces noted BKNG has been falling faster than the broader market, reinforcing the recent weakness but not pointing to a new fundamental catalyst. Booking Holdings (BKNG) Sees a More Significant Dip Than Broader Market: Some Facts to Know
• Negative Sentiment: The stock’s recent decline and weak year-to-date performance are weighing on sentiment, as investors appear to be reassessing growth expectations and valuation. Booking Holdings (BKNG) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BKNG. JPMorgan Chase & Co. decreased their target price on Booking from $224.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Citigroup decreased their target price on Booking from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. DA Davidson decreased their price target on Booking from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Wall Street Zen lowered Booking from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Finally, Benchmark decreased their price target on Booking from $256.00 to $224.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $227.14.

Booking Stock Up 1.8%

NASDAQ:BKNG opened at $163.59 on Friday. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year high of $233.58. The firm has a market capitalization of $126.76 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 0.96 and a beta of 1.08. The stock has a fifty day simple moving average of $169.49 and a 200 day simple moving average of $184.26.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Booking had a negative return on equity of 117.14% and a net margin of 22.23%.The business had revenue of $5.53 billion during the quarter, compared to analyst estimates of $5.52 billion. During the same quarter last year, the company posted $0.99 EPS. Booking’s revenue for the quarter was up 16.2% on a year-over-year basis. Equities analysts predict that Booking Holdings Inc. will post 10.44 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, June 5th. Booking’s dividend payout ratio is currently 22.11%.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 16,726 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $185.36, for a total value of $3,100,331.36. Following the completion of the sale, the chief executive officer directly owned 298,174 shares of the company’s stock, valued at approximately $55,269,532.64. This represents a 5.31% decrease in their position. The sale 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 Vanessa Ames Wittman sold 1,125 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $192.00, for a total value of $216,000.00. Following the completion of the sale, the director directly owned 16,050 shares of the company’s stock, valued at approximately $3,081,600. This represents a 6.55% 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. In the last ninety days, insiders sold 97,076 shares of company stock valued at $16,417,121. Corporate insiders own 0.16% of the company’s stock.

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.