Key Points
- Booking insider Paulo Pisano sold 1,500 shares for $244,590 under a pre-arranged Rule 10b5-1 trading plan, reducing his holdings by 2.09% to 70,400 shares.
- BKNG shares traded at $163.45, below their 50-day and 200-day moving averages, with a one-year range of $150.14 to $220.81.
- Booking exceeded quarterly earnings and revenue expectations, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $233.95.
Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) insider Paulo Pisano sold 1,500 shares of Booking stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $163.06, for a total value of $244,590.00. Following the transaction, the insider directly owned 70,400 shares of the company's stock, valued at $11,479,424. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Paulo Pisano also recently made the following trade(s):
- On Tuesday, September 15th, Paulo Pisano sold 1,500 shares of Booking stock. The stock was sold at an average price of $173.02, for a total transaction of $259,530.00.
- On Monday, August 31st, Paulo Pisano sold 3,000 shares of Booking stock. The shares were sold at an average price of $203.48, for a total transaction of $610,440.00.
Booking Stock Performance
NASDAQ:BKNG traded down $2.35 during mid-day trading on Friday, hitting $163.45. 6,370,229 shares of the company's stock traded hands, compared to its average volume of 8,414,531. The firm's 50 day simple moving average is $182.08 and its 200 day simple moving average is $177.50. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $220.81. The company has a market cap of $122.81 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.03 and a beta of 1.13.
Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.11. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The company had revenue of $7.35 billion during the quarter, compared to analysts' expectations of $7.19 billion. During the same quarter in the previous year, the business posted $55.40 earnings per share. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. On average, research analysts expect that Booking Holdings Inc. will post 10.48 earnings per share for the current fiscal year.
Booking Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, September 11th. Booking's dividend payout ratio (DPR) is 18.58%.
Hedge Funds Weigh In On Booking
Several institutional investors have recently added to or reduced their stakes in BKNG. Bogart Wealth LLC boosted its stake in Booking by 3,475.0% in the 2nd quarter. Bogart Wealth LLC now owns 143 shares of the business services provider's stock worth $25,000 after buying an additional 139 shares during the last quarter. Wilkerson Advisory Group LLC grew its holdings in Booking by 3,550.0% in the 2nd quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider's stock valued at $26,000 after buying an additional 142 shares during the period. Osbon Capital Management LLC purchased a new stake in Booking in the 4th quarter valued at about $27,000. First Financial Corp IN grew its holdings in Booking by 2,400.0% in the 2nd quarter. First Financial Corp IN now owns 150 shares of the business services provider's stock valued at $27,000 after buying an additional 144 shares during the period. Finally, Roble Belko & Company Inc increased its stake in shares of Booking by 2,400.0% during the 2nd quarter. Roble Belko & Company Inc now owns 150 shares of the business services provider's stock valued at $27,000 after acquiring an additional 144 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. BTIG Research restated a "buy" rating and set a $250.00 price objective on shares of Booking in a research report on Thursday, September 24th. Cantor Fitzgerald lowered their target price on Booking from $220.00 to $170.00 and set a "neutral" rating on the stock in a report on Monday, October 12th. Wedbush increased their target price on Booking from $211.00 to $247.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Piper Sandler reissued a "neutral" rating and set a $215.00 price target (up from $195.00) on shares of Booking in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $230.00 price target on shares of Booking in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $233.95.
Check Out Our Latest Stock Report on Booking
Booking Company Profile
(
Get Free Report)
Booking Holdings Inc is a global online travel and restaurant reservation company headquartered in Norwalk, Connecticut. Through its digital platforms, the company helps consumers search for, compare and reserve accommodations, flights, rental cars, vacation packages, attractions and restaurant reservations.
Its portfolio includes Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and the travel metasearch brands Momondo and Cheapflights. Booking.com is primarily known for lodging reservations, while Priceline focuses on travel deals, Agoda serves customers across international markets with a strong presence in Asia, KAYAK and its related brands provide travel search and comparison services, and OpenTable operates a restaurant reservation platform.
The company was founded in 1997 as Priceline.com and was later renamed The Priceline Group before adopting the Booking Holdings name in 2018.
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