Teachers Retirement System of The State of Kentucky boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 19.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 8,827 shares of the business services provider’s stock after buying an additional 1,440 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Booking were worth $34,968,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. J. W. Coons Advisors LLC lifted its stake in Booking by 7.6% during the fourth quarter. J. W. Coons Advisors LLC now owns 310 shares of the business services provider’s stock valued at $1,100,000 after buying an additional 22 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Booking in the 4th quarter worth about $1,185,000. CWA Asset Management Group LLC boosted its position in Booking by 24.0% during the 4th quarter. CWA Asset Management Group LLC now owns 150 shares of the business services provider’s stock worth $532,000 after acquiring an additional 29 shares during the period. Rafferty Asset Management LLC grew its stake in Booking by 6.6% during the 4th quarter. Rafferty Asset Management LLC now owns 6,192 shares of the business services provider’s stock valued at $21,964,000 after acquiring an additional 383 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in Booking by 1.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,389 shares of the business services provider’s stock valued at $8,477,000 after acquiring an additional 44 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.
Insiders Place Their Bets
In related news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the transaction, the chief executive officer now directly owns 24,721 shares in the company, valued at approximately $100,556,375.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the transaction, the chief executive officer now owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on Booking
Booking Stock Down 0.8 %
Booking stock opened at $4,212.12 on Tuesday. The stock has a market cap of $142.91 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 1.27 and a beta of 1.40. Booking Holdings Inc. has a 12-month low of $2,733.04 and a 12-month high of $4,272.88. The business’s 50-day simple moving average is $3,795.60 and its 200 day simple moving average is $3,758.88.
Booking (NASDAQ:BKNG – Get Free Report) last issued its earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating the consensus estimate of $39.22 by $2.68. The company had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $37.62 EPS. As a group, sell-side analysts expect that Booking Holdings Inc. will post 176.92 EPS for the current year.
Booking Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were issued a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Friday, September 6th. Booking’s dividend payout ratio (DPR) is 26.25%.
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.
Further Reading
- Five stocks we like better than Booking
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Why Q2 Holdings Stock Could Be Your Next Big Buy
- How to Choose Top Rated Stocks
- October’s Big Winners: Top 5 Stocks to Keep on Your Radar
- There Are Different Types of Stock To Invest In
- Instacart Is Revolutionizing Groceries: Why It’s Time to Invest
Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG – Free Report).
Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.