Kirtland Hills Capital Management LLC Acquires New Stake in Booking Holdings Inc. $BKNG

Kirtland Hills Capital Management LLC acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,335 shares of the business services provider’s stock, valued at approximately $773,000.

Other large investors have also bought and sold shares of the company. Camelot Portfolios LLC bought a new stake in shares of Booking in the fourth quarter valued at $27,000. Osbon Capital Management LLC bought a new position in shares of Booking during the 4th quarter worth $27,000. Mcguire Capital Advisors Inc. purchased a new stake in Booking in the 4th quarter worth about $27,000. Strive Asset Management LLC purchased a new stake in Booking in the 3rd quarter worth about $27,000. Finally, Swiss RE Ltd. bought a new stake in Booking in the 4th quarter valued at about $27,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Booking

In related news, VP Peter J. Millones sold 62,500 shares of Booking stock in a transaction on 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 $69,572,025.25. This trade represents a 12.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 dated Wednesday, July 29th. The stock was sold at an average price of $200.00, for a total value of $1,000,000.00. Following the completion of the transaction, the director owned 16,000 shares in the company, valued at approximately $3,200,000. This represents a 23.81% decrease in their position. 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 three months, insiders sold 140,050 shares of company stock valued at $26,341,680. 0.17% of the stock is owned by insiders.

Booking Stock Down 0.1%

Shares of BKNG opened at $209.62 on Friday. Booking Holdings Inc. has a twelve month low of $150.14 and a twelve month high of $231.80. The stock has a market cap of $157.50 billion, a PE ratio of 23.20, a P/E/G ratio of 1.27 and a beta of 1.07. The business’s 50-day moving average price is $188.60 and its 200-day moving average price is $177.00.

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

Booking Dividend Announcement

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

Wall Street Analysts Forecast Growth

BKNG has been the topic of several recent research reports. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Booking in a report on Thursday, June 11th. Robert W. Baird set a $230.00 target price on shares of Booking in a research note on Wednesday, August 5th. DA Davidson set a $240.00 price target on shares of Booking in a research report on Thursday, August 6th. The Goldman Sachs Group set a $215.00 price target on shares of Booking and gave the company a “neutral” rating in a research note on Monday, July 20th. Finally, Barclays set a $210.00 price objective on shares of Booking and gave the stock an “overweight” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $235.72.

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.