Booking Holdings Inc. $BKNG Position Raised by Corient Private Wealth LLC

Corient Private Wealth LLC raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 125.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 54,077 shares of the business services provider’s stock after buying an additional 30,110 shares during the period. Corient Private Wealth LLC’s holdings in Booking were worth $289,600,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Monetary Management Group Inc. lifted its holdings in shares of Booking by 1.1% in the third quarter. Monetary Management Group Inc. now owns 188 shares of the business services provider’s stock valued at $1,015,000 after buying an additional 2 shares during the period. Elgethun Capital Management lifted its holdings in Booking by 2.1% in the 3rd quarter. Elgethun Capital Management now owns 97 shares of the business services provider’s stock valued at $517,000 after acquiring an additional 2 shares during the last quarter. First Western Trust Bank boosted its position in shares of Booking by 3.4% during the 3rd quarter. First Western Trust Bank now owns 60 shares of the business services provider’s stock valued at $324,000 after purchasing an additional 2 shares in the last quarter. CGN Advisors LLC grew its stake in shares of Booking by 3.6% in the 4th quarter. CGN Advisors LLC now owns 57 shares of the business services provider’s stock worth $305,000 after purchasing an additional 2 shares during the last quarter. Finally, Howard Financial Services LTD. lifted its stake in Booking by 1.4% during the fourth quarter. Howard Financial Services LTD. now owns 140 shares of the business services provider’s stock valued at $750,000 after purchasing an additional 2 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BKNG. Cantor Fitzgerald reiterated a “neutral” rating and set a $175.00 price objective (down from $180.00) on shares of Booking in a research report on Wednesday, April 29th. Gordon Haskett raised their target price on shares of Booking from $217.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. BTIG Research restated a “buy” rating and issued a $250.00 price target on shares of Booking in a research report on Friday, May 29th. Susquehanna set a $260.00 target price on shares of Booking in a research note on Friday, February 20th. Finally, KeyCorp dropped their price target on Booking from $260.00 to $237.40 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $227.14.

Insiders Place Their Bets

In other news, VP Peter J. Millones sold 62,500 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the completion of the sale, the vice president owned 425,075 shares in the company, valued at approximately $69,572,025.25. This represents a 12.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Glenn D. Fogel sold 16,726 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $185.36, for a total value 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. 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. Insiders sold 80,351 shares of company stock valued at $13,545,706 over the last quarter. Insiders own 0.16% of the company’s stock.

Booking Stock Up 0.1%

Shares of BKNG opened at $171.78 on Friday. The company’s fifty day moving average is $169.61 and its 200-day moving average is $183.60. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $233.58. The firm has a market cap of $133.11 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 1.02 and a beta of 1.08.

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

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.0%. Booking’s payout ratio is currently 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.