3,412 Shares in Booking Holdings Inc. $BKNG Acquired by Dunhill Financial LLC

Dunhill Financial LLC acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,412 shares of the business services provider’s stock, valued at approximately $608,000.

A number of other hedge funds also recently bought and sold shares of the company. Camelot Portfolios LLC bought a new stake in shares of Booking in the 4th quarter worth approximately $27,000. Osbon Capital Management LLC bought a new stake in shares of Booking in the fourth quarter worth about $27,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Booking during the fourth quarter valued at approximately $27,000. Strive Asset Management LLC purchased a new position in Booking during the 3rd quarter valued at $27,000. Finally, Swiss RE Ltd. bought a new position in Booking in the fourth quarter worth about $27,000. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BKNG. Bank of America restated a “buy” rating and set a $234.00 target price on shares of Booking in a report on Wednesday, August 5th. Benchmark raised their price objective on shares of Booking from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Gordon Haskett upped their target price on shares of Booking from $217.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. UBS Group raised their price target on shares of Booking from $266.00 to $274.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Oppenheimer restated an “outperform” rating and issued a $240.00 price objective (up from $215.00) on shares of Booking in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $235.72.

Booking Stock Performance

NASDAQ BKNG opened at $204.76 on Tuesday. Booking Holdings Inc. has a one year low of $150.14 and a one year high of $231.80. The stock has a 50-day moving average of $184.85 and a 200 day moving average of $176.85. The company has a market capitalization of $153.85 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 1.28 and a beta of 1.07.

Booking (NASDAQ:BKNG) last posted its earnings results 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. The business had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $55.40 EPS. On average, equities analysts predict that Booking Holdings Inc. will post 10.47 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. Booking’s dividend payout ratio is 18.58%.

Insider Activity at Booking

In other news, Director Robert J. Mylod, Jr. sold 1,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $206.70, for a total transaction of $206,700.00. Following the transaction, the director directly owned 15,000 shares of the company’s stock, valued at $3,100,500. This represents a 6.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ewout L. Steenbergen sold 20,000 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total value of $4,220,600.00. Following the transaction, the chief financial officer directly owned 59,794 shares in the company, valued at $12,618,327.82. The trade was a 25.06% 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 have sold 89,625 shares of company stock worth $15,872,675. Company insiders own 0.17% of the company’s stock.

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.