Booking Holdings Inc. $BKNG Holdings Boosted by Corient Private Wealth LLC

Corient Private Wealth LLC raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,345 shares of the business services provider’s stock after acquiring an additional 3,378 shares during the period. Corient Private Wealth LLC’s holdings in Booking were worth $146,450,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Booking by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 2,997,949 shares of the business services provider’s stock worth $16,055,006,000 after purchasing an additional 23,159 shares during the last quarter. J. Stern & Co. LLP boosted its position in Booking by 191,965.8% during the 4th quarter. J. Stern & Co. LLP now owns 2,832,970 shares of the business services provider’s stock valued at $15,171,489,000 after purchasing an additional 2,831,495 shares during the period. State Street Corp grew its stake in Booking by 0.5% during the 4th quarter. State Street Corp now owns 1,435,116 shares of the business services provider’s stock worth $7,685,520,000 after buying an additional 6,976 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Booking by 15.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 966,121 shares of the business services provider’s stock worth $5,173,899,000 after buying an additional 128,700 shares during the last quarter. Finally, Dodge & Cox increased its position in Booking by 8.4% in the fourth quarter. Dodge & Cox now owns 732,081 shares of the business services provider’s stock worth $3,920,535,000 after buying an additional 56,999 shares during the period. 92.42% of the stock is owned by institutional investors.

Booking Stock Performance

NASDAQ BKNG opened at $171.78 on Friday. The firm’s 50 day moving average price is $169.42 and its two-hundred day moving average price is $183.43. Booking Holdings Inc. has a twelve month low of $150.14 and a twelve month high of $233.58. The stock has a market cap of $133.11 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 1.03 and a beta of 1.08.

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

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a $0.42 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.68 dividend on an annualized basis and a yield of 1.0%. Booking’s dividend payout ratio is currently 22.11%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BKNG. Wells Fargo & Company set a $215.00 target price on Booking and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Barclays set a $210.00 price target on shares of Booking and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Royal Bank Of Canada dropped their price objective on shares of Booking from $244.00 to $220.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. UBS Group lifted their price objective on shares of Booking from $259.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Finally, BNP Paribas Exane reduced their target price on shares of Booking from $244.00 to $240.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $227.14.

Insiders Place Their Bets

In other Booking 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were 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 in the company, valued at approximately $69,572,025.25. This trade represents a 12.82% 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. Insiders have sold 80,351 shares of company stock valued at $13,545,706 over the last three months. 0.16% of the stock is currently owned by insiders.

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.