Titan Investment Solutions Ltd Invests $25.38 Million in Booking Holdings Inc. $BKNG

Titan Investment Solutions Ltd bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,739 shares of the business services provider’s stock, valued at approximately $25,379,000. Booking makes up about 3.1% of Titan Investment Solutions Ltd’s investment portfolio, making the stock its 12th biggest position.

Several other large investors also recently modified their holdings of BKNG. Brighton Jones LLC boosted its stake in Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after buying an additional 65 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in Booking in the fourth quarter valued at about $209,000. Sivia Capital Partners LLC boosted its stake in Booking by 25.0% in the second quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock valued at $955,000 after buying an additional 33 shares in the last quarter. Schnieders Capital Management LLC. boosted its stake in Booking by 50.0% in the second quarter. Schnieders Capital Management LLC. now owns 87 shares of the business services provider’s stock valued at $504,000 after buying an additional 29 shares in the last quarter. Finally, Osterweis Capital Management Inc. acquired a new stake in Booking in the second quarter valued at about $179,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 16,726 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $185.36, for a total transaction of $3,100,331.36. Following the completion of the transaction, the chief executive officer directly owned 298,174 shares in the company, valued at $55,269,532.64. This trade represents a 5.31% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total value of $10,229,375.00. Following the transaction, the vice president owned 425,075 shares of the company’s stock, valued at $69,572,025.25. This trade represents a 12.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 97,076 shares of company stock worth $16,417,121 over the last ninety days. 0.16% of the stock is owned by insiders.

Booking Trading Up 0.8%

Booking stock opened at $164.94 on Friday. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $233.58. The company has a market capitalization of $127.81 billion, a PE ratio of 21.70, a P/E/G ratio of 0.98 and a beta of 1.08. The stock has a 50-day moving average price of $169.43 and a two-hundred day moving average price of $184.10.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.53 billion during the quarter, compared to the consensus estimate of $5.52 billion. During the same period last year, the company earned $0.99 earnings per share. The firm’s revenue was up 16.2% compared to the same quarter last year. As a group, analysts predict that Booking Holdings Inc. will post 10.44 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, June 5th. Booking’s dividend payout ratio (DPR) is 22.11%.

Wall Street Analyst Weigh In

BKNG has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Booking from $224.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Citigroup reduced their price objective on Booking from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Morgan Stanley raised Booking from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $246.00 to $220.00 in a research note on Monday, February 23rd. Weiss Ratings raised Booking from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 29th. Finally, Piper Sandler set a $195.00 price objective on Booking in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Booking has an average rating of “Moderate Buy” and an average target price of $227.14.

Booking Company 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.