Key Points
- Booking CEO Glenn Fogel sold 10 shares on Feb. 10 at an average of $4,043.49 (total ~$40,435), a ~0.05% reduction — he still directly owns 19,535 shares valued at roughly $79.0M.
- Booking beat Q4 expectations with EPS $48.80 (vs. $47.96 consensus) and revenue of $6.35B, up 16% year‑over‑year, driven by stronger gross bookings and margin improvement.
- The company announced a 25-for-1 stock split (shares payable April 2, effective April 6) to increase accessibility and liquidity for shareholders.
Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) CEO Glenn Fogel sold 10 shares of the company's stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $4,043.49, for a total value of $40,434.90. Following the completion of the transaction, the chief executive officer directly owned 19,535 shares of the company's stock, valued at $78,989,577.15. This represents a 0.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Booking Price Performance
BKNG opened at $4,269.99 on Thursday. Booking Holdings Inc. has a fifty-two week low of $4,020.54 and a fifty-two week high of $5,839.41. The company's 50 day moving average price is $5,057.50 and its two-hundred day moving average price is $5,201.54. The firm has a market capitalization of $137.62 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 0.89 and a beta of 1.21.
Booking's stock is going to split on Monday, April 6th. The 25-1 split was announced on Wednesday, February 18th. The newly created shares will be payable to shareholders after the market closes on Thursday, April 2nd.
Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Wednesday, February 18th. The business services provider reported $48.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $47.96 by $0.84. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.12 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.Booking's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $41.55 EPS. As a group, equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.
Hedge Funds Weigh In On Booking
A number of institutional investors have recently modified their holdings of BKNG. Vanguard Group Inc. increased its stake in Booking by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,997,949 shares of the business services provider's stock valued at $16,055,006,000 after purchasing an additional 23,159 shares in the last quarter. J. Stern & Co. LLP grew its holdings in shares of Booking by 191,965.8% during the fourth quarter. J. Stern & Co. LLP now owns 2,832,970 shares of the business services provider's stock valued at $15,171,489,000 after buying an additional 2,831,495 shares during the last quarter. State Street Corp increased its position in shares of Booking by 0.5% during the fourth quarter. State Street Corp now owns 1,435,116 shares of the business services provider's stock worth $7,685,520,000 after acquiring an additional 6,976 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Booking by 15.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 966,121 shares of the business services provider's stock worth $5,173,899,000 after acquiring an additional 128,700 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Booking by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 854,838 shares of the business services provider's stock valued at $4,936,132,000 after acquiring an additional 9,333 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
BKNG has been the subject of a number of analyst reports. BTIG Research reissued a "buy" rating and set a $6,250.00 target price on shares of Booking in a research note on Thursday. UBS Group cut their target price on Booking from $6,806.00 to $6,608.00 and set a "buy" rating on the stock in a research report on Tuesday, February 3rd. B. Riley Financial lifted their target price on Booking from $6,700.00 to $6,800.00 and gave the stock a "buy" rating in a report on Wednesday, October 29th. Truist Financial set a $5,810.00 price target on Booking in a research note on Wednesday, October 29th. Finally, Citizens Jmp reaffirmed a "market perform" rating on shares of Booking in a research report on Wednesday, February 4th. Twenty-six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $6,135.63.
View Our Latest Research Report on BKNG
Key Headlines Impacting Booking
Here are the key news stories impacting Booking this week:
Booking Company Profile
(
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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