Key Points
- Booking insider Paulo Pisano sold 1,500 shares at an average price of $173.02, totaling $259,530. The sale was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 71,900 shares.
- Booking reported quarterly earnings of $2.54 per share and revenue of $7.35 billion, exceeding analyst expectations; revenue increased 8.1% year over year.
- Analysts maintain a Moderate Buy consensus rating with an average price target of $236.98, while the company declared a quarterly dividend of $0.42 per share, representing a 1.0% yield.
Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) insider Paulo Pisano sold 1,500 shares of Booking stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $173.02, for a total value of $259,530.00. Following the sale, the insider directly owned 71,900 shares of the company's stock, valued at $12,440,138. This represents a 2.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Paulo Pisano also recently made the following trade(s):
- On Monday, August 31st, Paulo Pisano sold 3,000 shares of Booking stock. The stock was sold at an average price of $203.48, for a total value of $610,440.00.
Booking Trading Up 0.0%
Shares of BKNG opened at $171.40 on Thursday. Booking Holdings Inc. has a 12-month low of $150.14 and a 12-month high of $225.00. The company has a market cap of $128.79 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. The stock has a 50-day moving average price of $193.58 and a 200-day moving average price of $179.13.
Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.11. The company had revenue of $7.35 billion for the quarter, compared to analysts' expectations of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. Booking's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $55.40 earnings per share. As a group, analysts predict that Booking Holdings Inc. will post 10.48 earnings per share for the current year.
Booking Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 yield of 1.0%. The ex-dividend date of this dividend is Friday, September 11th. Booking's payout ratio is currently 18.58%.
Analysts Set New Price Targets
BKNG has been the topic of a number of research analyst reports. UBS Group increased their target price on Booking from $266.00 to $274.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Oppenheimer reiterated an "outperform" rating and issued a $240.00 price objective (up from $215.00) on shares of Booking in a report on Wednesday, August 5th. Jefferies Financial Group increased their price objective on Booking from $180.00 to $190.00 and gave the company a "hold" rating in a research report on Tuesday, July 14th. Morgan Stanley set a $230.00 target price on Booking and gave the stock an "overweight" rating in a research report on Wednesday. Finally, DA Davidson set a $240.00 price target on shares of Booking in a research report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $236.98.
Read Our Latest Analysis on BKNG
Institutional Investors Weigh In On Booking
A number of large investors have recently made changes to their positions in the business. Osbon Capital Management LLC purchased a new position in shares of Booking during the fourth quarter valued at approximately $27,000. Godfrey Financial Associates Inc. purchased a new stake in Booking in the fourth quarter worth $32,000. Bard Associates Inc. purchased a new stake in Booking in the fourth quarter worth $32,000. Basepoint Wealth LLC bought a new stake in Booking in the fourth quarter valued at $62,000. Finally, Jessup Wealth Management Inc bought a new stake in Booking in the fourth quarter valued at $65,000. 92.42% of the stock is currently owned by institutional investors.
Booking Company Profile
(
Get Free Report)
Booking Holdings Inc is a global provider of online travel and related services. The company connects consumers with accommodations, flights, rental cars, restaurants and travel experiences through a portfolio of digital brands and websites.
Its principal brands include Booking.com, which offers lodging, transportation and travel experiences; Priceline, which provides online booking services for hotels, flights, rental cars and vacation packages; Agoda, which focuses primarily on travel bookings in Asia and other international markets; KAYAK, a travel metasearch engine; OpenTable, a restaurant reservation and management platform; and Rentalcars.com, a global car rental service.
Booking Holdings serves customers, travel providers and restaurants across numerous countries and regions, with a particularly extensive international presence.
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