Hollencrest Capital Management Boosts Holdings in Booking Holdings Inc. $BKNG

Hollencrest Capital Management increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2,381.3% during the second quarter, HoldingsChannel.com reports. The firm owned 3,325 shares of the business services provider’s stock after acquiring an additional 3,191 shares during the quarter. Hollencrest Capital Management’s holdings in Booking were worth $593,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BKNG. Greenleaf Trust increased its stake in Booking by 2,334.5% during the 2nd quarter. Greenleaf Trust now owns 70,820 shares of the business services provider’s stock valued at $12,623,000 after purchasing an additional 67,911 shares in the last quarter. Delta Asset Management LLC TN lifted its stake in shares of Booking by 2,400.0% in the second quarter. Delta Asset Management LLC TN now owns 350 shares of the business services provider’s stock worth $62,000 after buying an additional 336 shares in the last quarter. Trustmark Bank Trust Department grew its holdings in shares of Booking by 1,894.0% during the second quarter. Trustmark Bank Trust Department now owns 1,675 shares of the business services provider’s stock valued at $299,000 after buying an additional 1,591 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Booking by 2,525.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,101,866 shares of the business services provider’s stock valued at $1,087,597,000 after acquiring an additional 5,869,459 shares in the last quarter. Finally, New Mexico Educational Retirement Board increased its position in shares of Booking by 2,655.5% during the second quarter. New Mexico Educational Retirement Board now owns 39,900 shares of the business services provider’s stock valued at $7,112,000 after acquiring an additional 38,452 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Price Performance

NASDAQ BKNG opened at $205.63 on Friday. The stock has a market capitalization of $154.51 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.24 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. The business’s fifty day moving average price is $192.18 and its 200-day moving average price is $177.64.

Booking (NASDAQ:BKNG) last posted 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 company had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.19 billion. During the same quarter in the prior year, the business earned $55.40 earnings per share. Booking’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research analysts anticipate that Booking Holdings Inc. will post 10.48 EPS for the current year.

Booking Dividend Announcement

The company 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. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, September 11th. Booking’s payout ratio is currently 18.58%.

Insider Buying and Selling at Booking

In related news, Director Robert J. Mylod, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $206.70, for a total value of $206,700.00. Following the transaction, the director owned 15,000 shares of the company’s stock, valued at approximately $3,100,500. This trade represents a 6.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 375 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $211.00, for a total transaction of $79,125.00. Following the completion of the transaction, the director directly owned 16,133 shares in the company, valued at approximately $3,404,063. The trade was a 2.27% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 77,550 shares of company stock worth $16,112,304 over the last 90 days. 0.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BKNG shares. Benchmark upped their price objective on Booking from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Evercore reissued an “outperform” rating and issued a $270.00 target price on shares of Booking in a report on Monday, August 24th. BTIG Research restated a “buy” rating and issued a $250.00 price target on shares of Booking in a research note on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $230.00 price target on shares of Booking in a report on Wednesday, August 5th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $215.00 price objective (up from $195.00) on shares of Booking in a research report on Wednesday, August 5th. One investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.45.

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.