2,625 Shares in Booking Holdings Inc. $BKNG Acquired by TRB Wealth Management LLC

TRB Wealth Management LLC purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, HoldingsChannel.com reports. The firm purchased 2,625 shares of the business services provider’s stock, valued at approximately $468,000.

Several other large investors also recently bought and sold shares of BKNG. Bogart Wealth LLC raised its stake in shares of Booking by 3,475.0% during the second quarter. Bogart Wealth LLC now owns 143 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 139 shares during the period. Wilkerson Advisory Group LLC lifted its position in shares of Booking by 3,550.0% during the second quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider’s stock worth $26,000 after purchasing an additional 142 shares in the last quarter. Camelot Portfolios LLC purchased a new position in shares of Booking in the fourth quarter valued at $27,000. Osbon Capital Management LLC purchased a new position in shares of Booking in the fourth quarter valued at $27,000. Finally, First Financial Corp IN grew its holdings in Booking by 2,400.0% during the 2nd quarter. First Financial Corp IN now owns 150 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 144 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity at Booking

In other news, CFO Ewout L. Steenbergen sold 20,000 shares of the 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 transaction, the chief financial officer owned 59,794 shares of the company’s stock, valued at approximately $12,618,327.82. This trade represents a 25.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of Booking 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 completion of the transaction, the vice president owned 425,075 shares of the company’s stock, valued at $69,572,025.25. This trade represents a 12.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 140,050 shares of company stock worth $26,341,680. 0.17% of the stock is currently owned by company insiders.

Booking Trading Down 0.1%

Shares of NASDAQ:BKNG opened at $209.62 on Friday. The firm has a market cap of $157.50 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 1.27 and a beta of 1.07. The company has a fifty day simple moving average of $188.60 and a 200 day simple 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 posted its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The firm had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $55.40 EPS. As a group, equities research analysts forecast that Booking Holdings Inc. will post 10.47 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, September 11th. Booking’s dividend payout ratio is 18.58%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BKNG shares. B. Riley Financial reaffirmed a “buy” rating and set a $274.00 price target (up from $264.00) on shares of Booking in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $230.00 price objective on shares of Booking in a research report on Wednesday, August 5th. Barclays set a $210.00 target price on Booking and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Citigroup reiterated a “buy” rating and issued a $236.00 price target (up from $225.00) on shares of Booking in a research note on Wednesday, August 5th. Finally, Mizuho set a $240.00 price target on Booking in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $235.72.

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.