3,741 Shares in Booking Holdings Inc. $BKNG Purchased by OneAscent Family Office LLC

OneAscent Family Office LLC acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,741 shares of the business services provider’s stock, valued at approximately $667,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Booking in the 2nd quarter worth approximately $11,646,302,000. Deutsche Bank AG purchased a new stake in shares of Booking during the second quarter valued at approximately $1,691,186,000. Bank of New York Mellon Corp purchased a new stake in shares of Booking during the second quarter valued at approximately $1,370,455,000. Vanguard Group Inc. increased its position in shares of 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 acquiring an additional 23,159 shares during the last quarter. Finally, J. Stern & Co. LLP lifted its holdings in Booking by 191,965.8% during the fourth quarter. J. Stern & Co. LLP now owns 2,832,970 shares of the business services provider’s stock worth $15,171,489,000 after acquiring an additional 2,831,495 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wells Fargo & Company set a $220.00 price objective on Booking and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. BTIG Research reaffirmed a “buy” rating and set a $250.00 target price on shares of Booking in a research report on Wednesday, August 5th. JPMorgan Chase & Co. lowered their target price on Booking from $224.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Royal Bank Of Canada cut their price target on shares of Booking from $244.00 to $220.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Finally, Truist Financial set a $242.00 price target on shares of Booking in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $235.72.

Booking Trading Down 1.5%

Booking stock opened at $209.87 on Friday. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $231.80. The business’s 50 day simple moving average is $187.71 and its 200 day simple moving average is $177.15. The company has a market cap of $157.69 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.29 and a beta of 1.07.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $7.19 billion. During the same period in the prior year, the company earned $55.40 earnings per share. Booking’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 company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, September 11th. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. Booking’s dividend payout ratio is presently 18.58%.

Insider Transactions at Booking

In related news, VP Peter J. Millones sold 62,500 shares of the business’s stock in a transaction dated 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. The trade was a 12.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ewout L. Steenbergen sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total transaction of $4,220,600.00. Following the sale, the chief financial officer directly owned 59,794 shares in the company, valued at approximately $12,618,327.82. This trade represents a 25.06% 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 have sold a total of 140,050 shares of company stock worth $26,341,680 over the last 90 days. 0.17% of the stock is 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.