119,196 Shares in Booking Holdings Inc. $BKNG Acquired by Trillium Asset Management LLC

Trillium Asset Management LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, HoldingsChannel.com reports. The firm bought 119,196 shares of the business services provider’s stock, valued at approximately $21,246,000.

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

Analysts Set New Price Targets

A number of brokerages have commented on BKNG. Royal Bank Of Canada reduced their target price on shares of Booking from $244.00 to $220.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Cantor Fitzgerald lifted their price objective on shares of Booking from $175.00 to $220.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Booking from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. BTIG Research reiterated a “buy” rating and set a $250.00 price objective on shares of Booking in a research note on Wednesday, August 5th. Finally, Susquehanna reissued a “positive” rating and set a $240.00 target price on shares of Booking in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $235.72.

Booking Stock Performance

Booking stock opened at $209.87 on Friday. The stock has a 50-day moving average of $187.71 and a two-hundred day moving average of $177.15. Booking Holdings Inc. has a one year low of $150.14 and a one year high of $231.80. The stock has a market cap of $157.69 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.29 and a beta of 1.07.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The business had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same quarter in the previous year, the firm earned $55.40 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts predict that Booking Holdings Inc. will post 10.47 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued 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 dividend yield of 0.8%. Booking’s dividend payout ratio (DPR) is currently 18.58%.

Insider Activity at Booking

In other news, Director Robert J. Mylod, Jr. sold 5,000 shares of Booking stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $200.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the director directly owned 16,000 shares in the company, valued at approximately $3,200,000. The trade was a 23.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the sale, the vice president directly owned 425,075 shares in the company, 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. In the last three months, insiders sold 140,050 shares of company stock worth $26,341,680. Corporate insiders own 0.17% of the company’s stock.

Booking 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.