Key Points
- Booking director Vanessa Ames Wittman sold 15 shares on December 15 at an average price of $5,362 (totaling $80,430), cutting her stake to 702 shares (a 2.09% ownership decline) after prior small sales in October and November.
- Booking declared a quarterly dividend of $9.60 per share (annualized $38.40), with an ex-dividend date and record date of December 5 and payment on December 31, implying a yield of about 0.7%.
- Booking recently beat quarterly expectations with EPS of $99.50 and revenue of $9.01 billion, and analysts maintain a consensus “Moderate Buy” with an average price target near $6,149.23.
Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $5,362.00, for a total transaction of $80,430.00. Following the completion of the transaction, the director directly owned 702 shares of the company's stock, valued at $3,764,124. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Vanessa Ames Wittman also recently made the following trade(s):
- On Monday, November 17th, Vanessa Ames Wittman sold 15 shares of Booking stock. The stock was sold at an average price of $5,030.00, for a total transaction of $75,450.00.
- On Wednesday, October 15th, Vanessa Ames Wittman sold 15 shares of Booking stock. The stock was sold at an average price of $5,291.98, for a total transaction of $79,379.70.
Booking Stock Down 0.4%
Shares of BKNG stock opened at $5,436.93 on Wednesday. The company has a market cap of $175.23 billion, a P/E ratio of 35.34, a PEG ratio of 1.38 and a beta of 1.25. The business has a 50 day moving average of $5,065.68 and a two-hundred day moving average of $5,377.45. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41.
Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same quarter last year, the business posted $83.39 EPS. The business's revenue was up 12.7% on a year-over-year basis. Analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be issued a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking's payout ratio is 24.96%.
Analysts Set New Price Targets
Several equities analysts have recently commented on BKNG shares. BTIG Research restated a "buy" rating and set a $6,250.00 price target on shares of Booking in a research report on Monday, November 24th. Wedbush raised shares of Booking from a "neutral" rating to an "outperform" rating and set a $6,000.00 target price for the company in a research note on Thursday, November 13th. Citigroup restated a "market outperform" rating on shares of Booking in a research report on Wednesday, October 29th. KeyCorp lifted their price target on Booking from $6,450.00 to $6,630.00 and gave the company an "overweight" rating in a report on Wednesday, October 29th. Finally, Robert W. Baird set a $6,325.00 price objective on Booking in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $6,149.23.
Read Our Latest Stock Report on BKNG
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Atwood & Palmer Inc. bought a new position in Booking during the 2nd quarter valued at $29,000. Westside Investment Management Inc. lifted its holdings in shares of Booking by 400.0% in the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider's stock valued at $29,000 after buying an additional 4 shares during the period. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Booking by 150.0% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider's stock valued at $27,000 after buying an additional 3 shares during the period. Guerra Advisors Inc bought a new position in Booking during the third quarter valued at about $27,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in Booking during the third quarter valued at about $26,000. 92.42% of the stock is currently owned by institutional investors.
Booking Company Profile
(
Get Free Report)
Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.
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