OneDigital Investment Advisors LLC Invests $2.58 Million in Booking Holdings Inc. $BKNG

OneDigital Investment Advisors LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the 2nd quarter, Holdings Channel.com reports. The firm bought 14,459 shares of the business services provider’s stock, valued at approximately $2,577,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC increased its position in Booking by 3,475.0% during the second quarter. Bogart Wealth LLC now owns 143 shares of the business services provider’s stock worth $25,000 after buying an additional 139 shares during the period. Wilkerson Advisory Group LLC boosted its holdings in shares of Booking by 3,550.0% in the second quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 142 shares during the period. Camelot Portfolios LLC purchased a new position in shares of Booking during the fourth quarter worth approximately $27,000. Osbon Capital Management LLC acquired a new position in shares of Booking in the 4th quarter valued at $27,000. Finally, First Financial Corp IN increased its holdings in shares of Booking by 2,400.0% in the 2nd quarter. First Financial Corp IN now owns 150 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 144 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insiders Place Their Bets

In other Booking news, CFO Ewout L. Steenbergen sold 20,000 shares of Booking stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $211.03, for a total value of $4,220,600.00. Following the sale, the chief financial officer owned 59,794 shares of the company’s stock, valued at approximately $12,618,327.82. The trade was a 25.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $192.00, for a total value of $216,000.00. Following the transaction, the director owned 16,508 shares in the company, valued at $3,169,536. The trade was a 6.38% 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 a total of 89,625 shares of company stock worth $15,872,675 over the last quarter. 0.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BKNG. Mizuho set a $240.00 price target on shares of Booking in a research note on Wednesday, August 5th. BTIG Research restated a “buy” rating and issued a $250.00 price objective on shares of Booking in a research note on Wednesday, August 5th. Evercore set a $245.00 target price on shares of Booking in a report on Wednesday, April 29th. Wells Fargo & Company set a $220.00 target price on shares of Booking and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. Finally, Barclays set a $210.00 price target on Booking and gave the stock an “overweight” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average target price of $235.72.

Booking Stock Performance

Shares of BKNG opened at $204.76 on Tuesday. The stock has a market capitalization of $153.85 billion, a P/E ratio of 22.66, a P/E/G ratio of 1.28 and a beta of 1.07. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $231.80. The company’s fifty day moving average is $184.85 and its two-hundred day moving average is $176.85.

Booking (NASDAQ:BKNG) last released its earnings results on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, topping the consensus estimate of $2.43 by $0.11. The company had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $55.40 EPS. Sell-side analysts predict that Booking Holdings Inc. will post 10.47 EPS for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be given a $0.42 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. Booking’s dividend payout ratio (DPR) is presently 18.58%.

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.