Booking Holdings Inc. $BKNG Shares Purchased by Tema ETFs LLC

Tema ETFs LLC increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2,669.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 14,925 shares of the business services provider’s stock after acquiring an additional 14,386 shares during the period. Tema ETFs LLC’s holdings in Booking were worth $2,660,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BKNG. Strive Asset Management LLC purchased a new position in Booking during the third quarter worth about $27,000. Camelot Portfolios LLC purchased a new stake in shares of Booking in the 4th quarter valued at approximately $27,000. Swiss RE Ltd. purchased a new stake in shares of Booking in the 4th quarter valued at approximately $27,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Booking in the 4th quarter worth approximately $27,000. Finally, Osbon Capital Management LLC acquired a new position in shares of Booking in the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Transactions at Booking

In other Booking news, Director Robert J. Mylod, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $200.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the director owned 16,000 shares in the company, valued at $3,200,000. The trade was a 23.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the completion of the sale, the vice president directly owned 425,075 shares in the company, valued at approximately $69,572,025.25. This represents a 12.82% 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. Over the last ninety days, insiders sold 69,625 shares of company stock valued at $11,652,075. 0.17% of the stock is currently owned by corporate insiders.

Booking Trading Down 0.3%

Booking stock opened at $212.26 on Thursday. Booking Holdings Inc. has a twelve month low of $150.14 and a twelve month high of $231.80. The stock’s fifty day simple moving average is $182.16 and its 200-day simple moving average is $176.92. The firm has a market capitalization of $159.49 billion, a P/E ratio of 23.49, a P/E/G ratio of 1.28 and a beta of 1.07.

Booking (NASDAQ:BKNG) last released its earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share (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 firm had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same period last year, the business posted $55.40 earnings per share. Booking’s revenue was up 8.1% compared to the same quarter last year. Sell-side analysts predict that Booking Holdings Inc. will post 10.47 earnings per share for the current year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be given 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 payout ratio is currently 18.58%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BKNG shares. Cantor Fitzgerald lifted their target price on shares of Booking from $175.00 to $220.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Argus upped their price target on Booking from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Monday. Citigroup restated a “buy” rating and set a $236.00 price target (up from $225.00) on shares of Booking in a research report on Wednesday, August 5th. DA Davidson set a $240.00 price objective on Booking in a research note on Thursday, August 6th. Finally, BTIG Research reiterated a “buy” rating and issued a $250.00 price objective on shares of Booking in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.