Roberts Glore & Co. Inc. IL Takes $2.09 Million Position in Booking Holdings Inc. $BKNG

Roberts Glore & Co. Inc. IL bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the second quarter, HoldingsChannel.com reports. The fund bought 11,749 shares of the business services provider’s stock, valued at approximately $2,094,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. boosted its holdings in Booking by 1.7% during the second quarter. Benjamin Edwards Inc. now owns 121 shares of the business services provider’s stock valued at $700,000 after purchasing an additional 2 shares in the last quarter. Mutual Advisors LLC grew its stake in shares of Booking by 1.2% in the 4th quarter. Mutual Advisors LLC now owns 246 shares of the business services provider’s stock valued at $1,317,000 after purchasing an additional 3 shares during the period. Avidian Wealth Enterprises LLC raised its holdings in shares of Booking by 3.2% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 97 shares of the business services provider’s stock worth $518,000 after buying an additional 3 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in shares of Booking by 7.1% in the 4th quarter. Diversify Wealth Management LLC now owns 45 shares of the business services provider’s stock worth $239,000 after buying an additional 3 shares in the last quarter. Finally, Radnor Capital Management LLC lifted its position in shares of Booking by 0.6% during the 4th quarter. Radnor Capital Management LLC now owns 534 shares of the business services provider’s stock worth $2,860,000 after buying an additional 3 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

BKNG stock opened at $213.78 on Wednesday. The business has a fifty day moving average price of $190.14 and a 200 day moving average price of $177.35. Booking Holdings Inc. has a fifty-two week low of $150.14 and a fifty-two week high of $229.13. The stock has a market capitalization of $160.63 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 1.29 and a beta of 1.07.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $7.19 billion. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $55.40 earnings per share. On average, equities analysts expect that Booking Holdings Inc. will post 10.47 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JPMorgan Chase & Co. decreased their price target on Booking from $224.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Susquehanna reissued a “positive” rating and set a $240.00 price objective on shares of Booking in a report on Thursday, August 6th. Barclays set a $210.00 price objective on Booking and gave the company an “overweight” rating in a report on Wednesday, April 29th. B. Riley Financial reaffirmed a “buy” rating and issued a $274.00 target price (up from $264.00) on shares of Booking in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Booking from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.45.

Insider Activity

In other Booking news, CFO Ewout L. Steenbergen sold 20,000 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total value of $4,220,600.00. Following the sale, the chief financial officer directly owned 59,794 shares in the company, valued at approximately $12,618,327.82. This trade represents a 25.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 5,000 shares of Booking stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $200.00, for a total transaction of $1,000,000.00. Following the transaction, the director directly owned 16,000 shares in the company, valued at approximately $3,200,000. This represents a 23.81% 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 have sold a total of 77,550 shares of company stock worth $16,112,304 in the last ninety days. Company insiders own 0.17% 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.