119,196 Shares in Booking Holdings Inc. $BKNG Bought by Trillium Asset Management LLC

Trillium Asset Management LLC bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 119,196 shares of the business services provider’s stock, valued at approximately $21,246,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Booking during the second quarter valued at about $11,646,302,000. Deutsche Bank AG purchased a new stake in shares of Booking in the second quarter worth about $1,691,186,000. Bank of New York Mellon Corp purchased a new stake in shares of Booking in the second quarter worth about $1,370,455,000. Vanguard Group Inc. boosted its stake in Booking by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,997,949 shares of the business services provider’s stock valued at $16,055,006,000 after buying an additional 23,159 shares during the last quarter. Finally, J. Stern & Co. LLP grew its holdings in Booking by 191,965.8% during the 4th quarter. J. Stern & Co. LLP now owns 2,832,970 shares of the business services provider’s stock valued at $15,171,489,000 after buying an additional 2,831,495 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Insider Transactions at Booking

In other news, VP Peter J. Millones sold 62,500 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the transaction, the vice president owned 425,075 shares in the company, valued at approximately $69,572,025.25. This trade represents a 12.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of Booking stock in a transaction dated 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 sale, the director owned 16,508 shares of the company’s stock, valued at $3,169,536. The trade was a 6.38% 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. Insiders sold a total of 140,050 shares of company stock worth $26,341,680 over the last quarter. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BKNG has been the topic of several recent research reports. Citigroup reaffirmed a “buy” rating and set a $236.00 price objective (up from $225.00) on shares of Booking in a report on Wednesday, August 5th. Cantor Fitzgerald lifted their price objective on shares of Booking from $175.00 to $220.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Evercore set a $245.00 target price on Booking in a research report on Wednesday, April 29th. BTIG Research reiterated a “buy” rating and set a $250.00 price target on shares of Booking in a report on Wednesday, August 5th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Booking in a research report on Thursday, June 11th. One research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.72.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $209.87 on Friday. The firm has a market capitalization of $157.69 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.29 and a beta of 1.07. The stock has a 50 day moving average price of $187.71 and a 200 day moving average price of $177.15. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $231.80.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, topping the consensus estimate of $2.43 by $0.11. The company had revenue of $7.35 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $55.40 EPS. Analysts forecast that Booking Holdings Inc. will post 10.47 earnings per share for the current year.

Booking Announces Dividend

The company also recently declared 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 dividend payout ratio is presently 18.58%.

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.