TD Asset Management Inc Has $612.69 Million Holdings in Booking Holdings Inc. $BKNG

TD Asset Management Inc grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.2% in the 4th quarter, HoldingsChannel reports. The fund owned 114,408 shares of the business services provider’s stock after purchasing an additional 3,566 shares during the quarter. TD Asset Management Inc’s holdings in Booking were worth $612,693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BKNG. Brighton Jones LLC raised its position in shares of 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 shares of Booking in the fourth quarter valued at approximately $209,000. Sivia Capital Partners LLC raised its position in shares of 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. raised its position in shares of 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 shares of Booking in the second quarter valued at approximately $179,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BKNG. Cantor Fitzgerald reiterated a “neutral” rating and issued a $175.00 price target (down from $180.00) on shares of Booking in a research report on Wednesday, April 29th. B. Riley Financial decreased their price objective on shares of Booking from $272.00 to $264.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Susquehanna set a $260.00 price objective on shares of Booking in a research note on Friday, February 20th. Wedbush decreased their price objective on shares of Booking from $240.00 to $220.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Finally, Citizens Jmp reissued a “market perform” rating on shares of Booking in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $227.14.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $164.78 on Thursday. The company has a fifty day moving average of $170.07 and a 200-day moving average of $185.74. The company has a market capitalization of $127.68 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 1.00 and a beta of 1.08. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $233.58.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. The company had revenue of $5.53 billion during the quarter, compared to the consensus estimate of $5.52 billion. Booking had a net margin of 22.23% and a negative return on equity of 117.14%. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 earnings per share. On average, equities analysts forecast that Booking Holdings Inc. will post 10.44 EPS for the current fiscal year.

Booking Dividend Announcement

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

Insider Transactions at Booking

In other news, Director Vanessa Ames Wittman sold 1,125 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the transaction, the director directly owned 16,050 shares in the company, valued at approximately $3,081,600. This represents a 6.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn D. Fogel sold 16,726 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer owned 298,174 shares of the company’s stock, valued at $55,269,532.64. This trade represents a 5.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 97,076 shares of company stock worth $16,417,121. Corporate insiders own 0.16% of the company’s stock.

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.