Titan Investment Solutions Ltd Invests $25.38 Million in Booking Holdings Inc. $BKNG

Titan Investment Solutions Ltd acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,739 shares of the business services provider’s stock, valued at approximately $25,379,000. Booking makes up 3.1% of Titan Investment Solutions Ltd’s investment portfolio, making the stock its 12th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp bought a new position in shares of Booking in the 3rd quarter valued at about $26,000. Strive Asset Management LLC bought a new stake in shares of Booking in the 3rd quarter valued at about $27,000. Daytona Street Capital LLC acquired a new stake in Booking in the 4th quarter valued at about $27,000. Legacy Bridge LLC acquired a new stake in Booking in the 4th quarter valued at about $27,000. Finally, Camelot Portfolios LLC bought a new position in shares of Booking during the 4th quarter worth approximately $27,000. Institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of recent analyst reports. Wall Street Zen lowered Booking from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. TD Cowen reissued a “buy” rating and set a $230.00 target price (down from $240.00) on shares of Booking in a report on Wednesday, April 29th. Wells Fargo & Company set a $215.00 price objective on Booking and gave the company an “equal weight” rating in a report on Wednesday, April 29th. The Goldman Sachs Group decreased their price objective on Booking from $226.00 to $223.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Finally, Tigress Financial reaffirmed a “strong-buy” rating and issued a $260.00 price objective (up from $244.00) on shares of Booking in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $227.14.

Insider Transactions at Booking

In other news, Director Vanessa Ames Wittman sold 1,125 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $192.00, for a total transaction of $216,000.00. Following the sale, the director directly owned 16,050 shares of the company’s stock, valued at approximately $3,081,600. This represents a 6.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 on Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total value of $10,229,375.00. Following the sale, the vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 97,076 shares of company stock valued at $16,417,121. 0.16% of the stock is owned by corporate insiders.

Booking Price Performance

Shares of NASDAQ BKNG opened at $164.94 on Friday. The stock’s fifty day moving average price is $169.43 and its two-hundred day moving average price is $184.10. Booking Holdings Inc. has a one year low of $150.14 and a one year high of $233.58. The firm has a market cap of $127.81 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 0.98 and a beta of 1.08.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Booking had a negative return on equity of 117.14% and a net margin of 22.23%.The firm had revenue of $5.53 billion for the quarter, compared to analyst estimates of $5.52 billion. During the same period in the prior year, the firm posted $0.99 EPS. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. On average, equities analysts anticipate that Booking Holdings Inc. will post 10.44 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, June 5th. Booking’s dividend payout ratio is 22.11%.

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.