Financiere des Professionnels Fonds d investissement inc. Acquires Shares of 152 Booking Holdings Inc. $BKNG

by · The Markets Daily

Financiere des Professionnels Fonds d investissement inc. bought a new position in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 152 shares of the business services provider’s stock, valued at approximately $821,000.

A number of other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC raised its position in shares of Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after purchasing an additional 65 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in Booking during the 4th quarter valued at about $209,000. Clark Capital Management Group Inc. increased its stake in Booking by 22.2% during the 1st quarter. Clark Capital Management Group Inc. now owns 66 shares of the business services provider’s stock valued at $304,000 after purchasing an additional 12 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in Booking by 15.2% in the first quarter. Integrated Wealth Concepts LLC now owns 455 shares of the business services provider’s stock worth $2,096,000 after buying an additional 60 shares during the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new position in Booking in the first quarter worth about $9,214,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 571 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $5,414.53, for a total value of $3,091,696.63. Following the transaction, the chief executive officer owned 21,010 shares of the company’s stock, valued at approximately $113,759,275.30. This trade represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paulo Pisano sold 200 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the sale, the insider owned 1,514 shares of the company’s stock, valued at $7,570,000. This trade represents a 11.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,324 shares of company stock valued at $17,193,557. 0.16% of the stock is owned by company insiders.

Booking Trading Down 0.6%

Shares of BKNG opened at $5,323.20 on Friday. The firm has a fifty day simple moving average of $5,127.66 and a two-hundred day simple moving average of $5,370.91. The firm has a market cap of $171.57 billion, a PE ratio of 34.60, a P/E/G ratio of 1.16 and a beta of 1.23. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41.

Booking (NASDAQ:BKNG – Get Free Report) last released its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. The firm had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the business posted $83.39 EPS. As a group, research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th were given a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, December 5th. Booking’s dividend payout ratio (DPR) is presently 24.96%.

Analysts Set New Price Targets

BKNG has been the topic of a number of recent analyst reports. Mizuho set a $6,000.00 price target on shares of Booking in a report on Wednesday, October 29th. Wall Street Zen raised Booking from a “hold” rating to a “buy” rating in a research report on Sunday. Seaport Global Securities lifted their target price on Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. B. Riley boosted their price target on Booking from $6,700.00 to $6,800.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $5,433.00 price target on shares of Booking in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $6,149.23.

View Our Latest Stock Analysis on Booking

Booking Profile

(Free Report)

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.

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