43,429 Shares in Booking Holdings Inc. $BKNG Bought by Callan Family Office LLC

Callan Family Office LLC purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 43,429 shares of the business services provider’s stock, valued at approximately $7,741,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BKNG. Strive Asset Management LLC bought a new position in shares of Booking in the third quarter worth about $27,000. Camelot Portfolios LLC bought a new stake in Booking during the 4th quarter valued at approximately $27,000. Swiss RE Ltd. bought a new stake in Booking during the 4th quarter valued at approximately $27,000. Mcguire Capital Advisors Inc. purchased a new position in Booking in the 4th quarter worth approximately $27,000. Finally, Osbon Capital Management LLC purchased a new position in Booking in the 4th quarter worth approximately $27,000. 92.42% of the stock is owned by institutional investors.

Booking Trading Down 0.1%

Shares of Booking stock opened at $209.62 on Friday. The firm has a market cap of $157.50 billion, a PE ratio of 23.20, a PEG ratio of 1.27 and a beta of 1.07. The stock has a 50 day moving average of $188.60 and a 200 day moving average of $177.19. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $231.80.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter in the previous year, the company posted $55.40 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts forecast that Booking Holdings Inc. will post 10.47 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a $0.42 dividend. 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 (DPR) is 18.58%.

Insider Buying and Selling at Booking

In other Booking news, Director Robert J. Mylod, Jr. sold 5,000 shares of the stock in a transaction 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. This trade represents a 23.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, Director Vanessa Ames Wittman sold 1,125 shares of Booking stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the transaction, the director directly 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. 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 ninety days, insiders sold 140,050 shares of company stock valued at $26,341,680. 0.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BKNG has been the subject of several recent analyst reports. Gordon Haskett upped their price target on Booking from $217.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Argus boosted their target price on shares of Booking from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, August 10th. HSBC lowered their target price on shares of Booking from $309.84 to $298.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Benchmark upped their target price on shares of Booking from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Susquehanna reaffirmed a “positive” rating and set a $240.00 target price on shares of Booking in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $235.72.

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.