Glenview Trust Co Takes $2.92 Million Position in Booking Holdings Inc. $BKNG

Glenview Trust Co purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, Holdings Channel reports. The firm purchased 16,400 shares of the business services provider’s stock, valued at approximately $2,923,000.

Several other institutional investors also recently bought and sold shares of BKNG. Bogart Wealth LLC grew its holdings in Booking by 3,475.0% during 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 raised its holdings in shares of Booking by 3,550.0% in the 2nd 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. Strive Asset Management LLC bought a new stake in shares of Booking in the 3rd quarter valued at about $27,000. Swiss RE Ltd. purchased a new stake in shares of Booking in the 4th quarter worth approximately $27,000. Finally, Mcguire Capital Advisors Inc. purchased a new stake in shares of Booking in the 4th quarter worth approximately $27,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Booking

In related news, Director Robert J. Mylod, Jr. sold 5,000 shares of the stock in a transaction on 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 directly owned 16,000 shares of the company’s stock, valued at approximately $3,200,000. This represents a 23.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total value of $216,000.00. Following the completion of the transaction, the director owned 16,508 shares in the company, valued at $3,169,536. The trade was a 6.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 77,550 shares of company stock worth $16,112,304. 0.17% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on BKNG. Cantor Fitzgerald lifted their price objective on shares of Booking from $175.00 to $220.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Evercore restated an “outperform” rating and issued a $270.00 target price on shares of Booking in a research note on Monday. B. Riley Financial restated a “buy” rating and set a $274.00 price target (up from $264.00) on shares of Booking in a research note on Wednesday, August 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $240.00 price objective (up from $215.00) on shares of Booking in a research report on Wednesday, August 5th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $215.00 target price (up from $195.00) on shares of Booking in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $236.45.

Booking Price Performance

NASDAQ BKNG opened at $205.63 on Friday. The company has a fifty day moving average of $192.18 and a 200 day moving average of $177.64. The company has a market capitalization of $154.51 billion, a PE ratio of 22.76, a P/E/G ratio of 1.22 and a beta of 1.07. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $226.10.

Booking (NASDAQ:BKNG) last released 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. The company had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.Booking’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $55.40 EPS. Research analysts expect that Booking Holdings Inc. will post 10.47 earnings per share for the current year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.42 per share. 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 is presently 18.58%.

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.