Hilltop National Bank acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 141 shares of the business services provider’s stock, valued at approximately $816,000.
Several other hedge funds have also bought and sold shares of BKNG. Wealth Preservation Advisors LLC bought a new stake in Booking during the first quarter worth about $28,000. Atwood & Palmer Inc. bought a new stake in Booking during the second quarter worth about $29,000. Keystone Global Partners LLC bought a new stake in Booking during the first quarter worth about $32,000. O Brien Wealth Partners LLC bought a new stake in Booking during the second quarter worth about $35,000. Finally, First PREMIER Bank boosted its stake in Booking by 100.0% during the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after acquiring an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.
Booking Stock Up 1.4%
BKNG opened at $5,424.55 on Friday. The firm has a 50 day moving average price of $5,529.24 and a 200-day moving average price of $5,290.99. Booking Holdings Inc. has a twelve month low of $4,060.98 and a twelve month high of $5,839.41. The stock has a market capitalization of $175.81 billion, a price-to-earnings ratio of 37.73, a PEG ratio of 1.54 and a beta of 1.35.
Booking Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, September 5th. Booking’s payout ratio is 26.71%.
Analyst Ratings Changes
BKNG has been the subject of several recent analyst reports. Hsbc Global Res raised shares of Booking to a “strong-buy” rating in a report on Thursday, July 17th. Benchmark reaffirmed a “buy” rating and issued a $6,200.00 target price (up from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Susquehanna lifted their target price on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a report on Friday, August 1st. Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada lifted their target price on shares of Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5,807.89.
Get Our Latest Stock Analysis on BKNG
Insider Activity at Booking
In related news, CEO Glenn D. Fogel sold 1,013 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the sale, the chief executive officer directly owned 23,607 shares in the company, valued at approximately $130,237,930.44. The trade was a 4.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the sale, the director owned 131 shares of the company’s stock, valued at $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,195 shares of company stock worth $23,467,630. 0.16% of the stock is owned by company insiders.
Booking Company Profile
Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.
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