Dunhill Financial LLC Purchases Shares of 3,412 Booking Holdings Inc. $BKNG

Dunhill Financial LLC purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,412 shares of the business services provider’s stock, valued at approximately $608,000.

Several other institutional investors have also recently made changes to their positions in BKNG. Bogart Wealth LLC grew its position in Booking by 3,475.0% during the second quarter. Bogart Wealth LLC now owns 143 shares of the business services provider’s stock valued at $25,000 after buying an additional 139 shares during the period. Wilkerson Advisory Group LLC boosted its stake in shares of Booking by 3,550.0% during the 2nd quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider’s stock worth $26,000 after acquiring an additional 142 shares during the last quarter. Camelot Portfolios LLC purchased a new position in shares of Booking during the 4th quarter worth $27,000. Osbon Capital Management LLC bought a new stake in shares of Booking during the 4th quarter valued at $27,000. Finally, First Financial Corp IN increased its stake in shares of Booking by 2,400.0% in the 2nd quarter. First Financial Corp IN now owns 150 shares of the business services provider’s stock worth $27,000 after purchasing an additional 144 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Trading Down 3.4%

NASDAQ BKNG opened at $204.76 on Tuesday. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $231.80. The stock has a market cap of $153.85 billion, a PE ratio of 22.66, a P/E/G ratio of 1.28 and a beta of 1.07. The stock’s 50 day moving average is $184.85 and its 200 day moving average is $176.85.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The business had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $55.40 EPS. On average, analysts forecast that Booking Holdings Inc. will post 10.47 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. Booking’s payout ratio is presently 18.58%.

Insider Buying and Selling at Booking

In related news, Director Vanessa Ames Wittman sold 1,125 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total transaction of $216,000.00. Following the sale, the director owned 16,508 shares of the company’s stock, valued at $3,169,536. This represents a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ewout L. Steenbergen sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total transaction of $4,220,600.00. Following the sale, the chief financial officer owned 59,794 shares in the company, valued at $12,618,327.82. This represents a 25.06% 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. Over the last three months, insiders have sold 89,625 shares of company stock worth $15,872,675. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of recent research reports. TD Cowen reaffirmed a “buy” rating and issued a $230.00 target price (down from $240.00) on shares of Booking in a report on Wednesday, April 29th. Royal Bank Of Canada cut their price target on Booking from $244.00 to $220.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Mizuho set a $240.00 price target on Booking in a research report on Wednesday, August 5th. UBS Group raised their price objective on Booking from $266.00 to $274.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group set a $215.00 price objective on Booking and gave the company a “neutral” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $235.72.

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.