91 shares in Booking Holdings Inc. (NASDAQ:BKNG) acquired by CoreCap Advisors LLC

CoreCap Advisors LLC purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) during the second quarter, Holdings Channel reports. The fund acquired 91 shares of the business services provider’s stock, valued at approximately $361,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BKNG. Vanguard Group Inc. lifted its position in shares of Booking by 0.4% in the first quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock worth $10,718,390,000 after purchasing an additional 12,456 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Booking by 4.5% in the first quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock worth $1,865,949,000 after purchasing an additional 21,969 shares during the last quarter. Norges Bank acquired a new stake in Booking in the 4th quarter valued at about $1,742,160,000. Fisher Asset Management LLC grew its position in shares of Booking by 4.2% during the 4th quarter. Fisher Asset Management LLC now owns 376,656 shares of the business services provider’s stock worth $1,336,085,000 after purchasing another 15,303 shares in the last quarter. Finally, Ninety One UK Ltd boosted its holdings in shares of Booking by 3.1% in the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock valued at $1,421,069,000 after acquiring an additional 10,889 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s shares.

Analyst upgrades and downgrades

A number of brokerages have recently issued reports on BKNG. StockNews.com downgraded Booking from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Bank of America dropped their target price on shares of Booking from $3,950.00 to $3,750.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Benchmark cut their price target on shares of Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Oppenheimer decreased their price objective on Booking from $4,600.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut their price target on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $4,064.21.

Check out our latest report on BKNG

Insider buying and selling

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the completion of the transaction, the chief executive officer now directly owns 24,721 shares in the company, valued at approximately $100,556,375.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this hyperlink. In other news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the sale, the chief executive officer now directly owns 24,721 shares in the company, valued at $100,556,375.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Also, insider Paulo Pisano sold 100 shares of Booking stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the transaction, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s shares.

Reserve stock up 1.6%

NASDAQ:BKNG opened at $3,932.59 on Friday. The company’s fifty day simple moving average is $3,767.76 and its 200 day simple moving average is $3,707.78. The stock has a market cap of $131.82 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 1.17 and a beta of 1.40. Booking Holdings Inc. it has a fifty-two week low of $2,733.04 and a fifty-two week high of $4,144.32.

Booking (NASDAQ:BKNG – Get Your Free Report ) last posted its earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The company had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same period last year, the company posted earnings per share of $37.62. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Stock analysts anticipate that Booking Holdings Inc. will post 176.92 earnings per share for the current year.

Booking announces dividends

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid an $8.75 dividend. This represents a dividend of $35.00 on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, September 6. Booking’s dividend payout ratio is currently 26.25%.

About booking

(Free Report)

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of online travel and restaurant reservations and related services. The company, through its online travel companies (OTC), connects consumers seeking to make travel reservations with travel service providers around the world. It offers consumers a wide range of accommodation bookings (including hotels, B&Bs, B&Bs, apartments, vacation rentals and other properties) through its brands Booking.com, priceline.com and agoda.com.

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