Key Points
- Director Vanessa Ames Wittman sold 15 shares of Booking on Jan. 15 at an average price of $5,191.15 for ~$77,867, leaving her with 687 shares (a 2.14% reduction); she also sold 15 shares in December and November, indicating a pattern of insider selling.
- CEO Glenn D. Fogel disclosed larger sales the same day—1,013 shares for roughly $5.25M—an action cited as a potential negative for investor sentiment alongside other insider sales.
- Booking (NASDAQ:BKNG) trades near $5,116 with a market cap of about $164.9B, a P/E of 33.25, pays a $9.60 quarterly dividend ($38.40 annual, ~0.8% yield), and carries an analyst consensus of "Moderate Buy" with an average price target around $6,225.56.
Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $5,191.15, for a total value of $77,867.25. Following the completion of the sale, the director owned 687 shares of the company's stock, valued at $3,566,320.05. The trade was a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Vanessa Ames Wittman also recently made the following trade(s):
- On Monday, December 15th, Vanessa Ames Wittman sold 15 shares of Booking stock. The stock was sold at an average price of $5,362.00, for a total value of $80,430.00.
- On Monday, November 17th, Vanessa Ames Wittman sold 15 shares of Booking stock. The shares were sold at an average price of $5,030.00, for a total value of $75,450.00.
Booking Trading Down 1.5%
Shares of BKNG stock opened at $5,115.91 on Friday. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The stock has a market cap of $164.91 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 1.13 and a beta of 1.23. The stock has a 50-day moving average of $5,186.05 and a 200-day moving average of $5,361.70.
Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping analysts' consensus estimates of $95.56 by $3.94. The company had revenue of $9.01 billion for the quarter, compared to analyst estimates of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The firm's quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $83.39 earnings per share. Sell-side analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th were paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, December 5th. Booking's dividend payout ratio is currently 24.96%.
Institutional Trading of Booking
Large investors have recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp bought a new position in Booking in the third quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Booking by 150.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider's stock valued at $27,000 after acquiring an additional 3 shares in the last quarter. Guerra Advisors Inc acquired a new position in shares of Booking during the third quarter worth approximately $27,000. Strive Asset Management LLC acquired a new position in shares of Booking during the third quarter worth approximately $27,000. Finally, Westside Investment Management Inc. lifted its holdings in shares of Booking by 400.0% in the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider's stock worth $29,000 after purchasing an additional 4 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting Booking
Here are the key news stories impacting Booking this week:
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on BKNG shares. KeyCorp boosted their target price on shares of Booking from $6,450.00 to $6,630.00 and gave the company an "overweight" rating in a report on Wednesday, October 29th. Sanford C. Bernstein lowered their price objective on Booking from $5,433.00 to $5,407.00 and set a "market perform" rating for the company in a research report on Tuesday, January 6th. Cantor Fitzgerald boosted their price objective on Booking from $5,550.00 to $5,830.00 and gave the company a "neutral" rating in a research note on Thursday, January 8th. Seaport Global Securities upped their target price on Booking from $6,030.00 to $6,260.00 and gave the company a "buy" rating in a research report on Wednesday, October 29th. Finally, BTIG Research reiterated a "buy" rating and issued a $6,250.00 target price on shares of Booking in a report on Tuesday, December 23rd. One investment 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $6,225.56.
Read Our Latest Analysis on BKNG
About Booking
(
Get Free Report)
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.
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