Capitolis Liquid Global Markets LLC Raises Holdings in Booking Holdings Inc. $BKNG

Capitolis Liquid Global Markets LLC grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 25.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 34,367 shares of the business services provider’s stock after purchasing an additional 7,067 shares during the quarter. Booking accounts for 1.1% of Capitolis Liquid Global Markets LLC’s holdings, making the stock its 19th largest holding. Capitolis Liquid Global Markets LLC’s holdings in Booking were worth $184,047,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp purchased a new stake in Booking during the 3rd quarter worth about $26,000. Strive Asset Management LLC purchased a new stake in Booking during the 3rd quarter worth about $27,000. Daytona Street Capital LLC purchased a new stake in Booking during the 4th quarter worth about $27,000. Legacy Bridge LLC purchased a new stake in Booking during the 4th quarter worth about $27,000. Finally, Camelot Portfolios LLC purchased a new stake in Booking during the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Down 2.3%

Shares of NASDAQ BKNG opened at $171.63 on Thursday. The firm has a market capitalization of $132.99 billion, a P/E ratio of 22.58, a P/E/G ratio of 1.05 and a beta of 1.08. The stock’s 50-day simple moving average is $169.64 and its two-hundred day simple moving average is $183.77. Booking Holdings Inc. has a twelve month low of $150.14 and a twelve month high of $233.58.

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

Booking Dividend Announcement

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

Wall Street Analyst Weigh In

BKNG has been the topic of a number of recent research reports. BNP Paribas Exane dropped their price objective on Booking from $244.00 to $240.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. BTIG Research restated a “buy” rating and issued a $250.00 target price on shares of Booking in a research note on Friday, May 29th. Barclays set a $210.00 target price on Booking and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Mizuho decreased their target price on Booking from $230.00 to $220.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Booking in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $227.14.

Insider Activity

In other news, CEO Glenn D. Fogel sold 16,726 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $185.36, for a total transaction of $3,100,331.36. Following the transaction, the chief executive officer directly owned 298,174 shares in the company, valued at approximately $55,269,532.64. This represents a 5.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 1,125 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $192.00, for a total value of $216,000.00. Following the transaction, the director owned 16,050 shares in the company, valued at $3,081,600. This trade represents a 6.55% 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 80,351 shares of company stock worth $13,545,706. 0.16% of the stock is currently owned by insiders.

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.