MBB Public Markets I LLC Invests $9.77 Million in Booking Holdings Inc. (NASDAQ:BKNG)

MBB Public Markets I LLC acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,467 shares of the business services provider’s stock, valued at approximately $9,773,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BKNG. Global Assets Advisory LLC acquired a new position in Booking during the 1st quarter worth $401,371,000. New Mexico Educational Retirement Board increased its stake in shares of Booking by 20.5% in the 1st quarter. New Mexico Educational Retirement Board now owns 2,348 shares of the business services provider’s stock valued at $8,518,000 after buying an additional 400 shares during the period. Vinva Investment Management Ltd boosted its stake in Booking by 50.2% in the fourth quarter. Vinva Investment Management Ltd now owns 1,663 shares of the business services provider’s stock valued at $5,904,000 after acquiring an additional 556 shares during the last quarter. CWM LLC grew its position in shares of Booking by 14.2% during the 1st quarter. CWM LLC now owns 2,354 shares of the business services provider’s stock worth $8,540,000 after buying an additional 292 shares during the period. Finally, CreativeOne Wealth LLC bought a new position in Booking during the first quarter worth about $537,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the sale, the chief executive officer now owns 24,721 shares in the company, valued at $100,556,375.65. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Booking Price Performance

BKNG stock opened at $4,268.94 on Friday. The stock has a market capitalization of $144.84 billion, a P/E ratio of 32.02, a P/E/G ratio of 1.25 and a beta of 1.40. Booking Holdings Inc. has a 1-year low of $2,733.04 and a 1-year high of $4,272.88. The business has a fifty day moving average price of $3,777.16 and a 200-day moving average price of $3,741.59.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The firm had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter last year, the firm posted $37.62 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, analysts anticipate that Booking Holdings Inc. will post 176.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.82%. Booking’s payout ratio is 26.25%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Booking from $3,497.00 to $3,976.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Oppenheimer reduced their target price on shares of Booking from $4,600.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Bank of America lowered their price target on shares of Booking from $3,950.00 to $3,750.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Erste Group Bank upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. Finally, Jefferies Financial Group lowered Booking from a “buy” rating to a “hold” rating and dropped their target price for the stock from $4,350.00 to $4,200.00 in a report on Wednesday, September 4th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4,064.21.

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.