Quantbot Technologies LP Makes New $1.07 Million Investment in Booking Holdings Inc. $BKNG

Quantbot Technologies LP bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 2nd quarter, HoldingsChannel reports. The firm bought 184 shares of the business services provider’s stock, valued at approximately $1,065,000.

Other hedge funds have also made changes to their positions in the company. MBM Wealth Consultants LLC boosted its holdings in shares of Booking by 2.8% during the second quarter. MBM Wealth Consultants LLC now owns 403 shares of the business services provider’s stock worth $2,333,000 after purchasing an additional 11 shares during the period. Fisher Asset Management LLC increased its stake in Booking by 38.5% in the 2nd quarter. Fisher Asset Management LLC now owns 23,647 shares of the business services provider’s stock valued at $136,900,000 after buying an additional 6,579 shares during the period. Shelton Capital Management lifted its position in Booking by 10.1% in the 2nd quarter. Shelton Capital Management now owns 4,957 shares of the business services provider’s stock worth $28,697,000 after buying an additional 456 shares in the last quarter. Panagora Asset Management Inc. lifted its position in Booking by 67.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 30,210 shares of the business services provider’s stock worth $174,893,000 after buying an additional 12,148 shares in the last quarter. Finally, Trustmark Bank Trust Department boosted its stake in shares of Booking by 33.7% during the 2nd quarter. Trustmark Bank Trust Department now owns 226 shares of the business services provider’s stock valued at $1,308,000 after buying an additional 57 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BKNG has been the topic of several research analyst reports. Cantor Fitzgerald lowered their price target on shares of Booking from $5,590.00 to $5,550.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Citigroup reissued a “market outperform” rating on shares of Booking in a research report on Wednesday, October 29th. Truist Financial set a $5,810.00 target price on Booking in a research note on Wednesday, October 29th. KeyCorp raised their price target on Booking from $6,450.00 to $6,630.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Benchmark lifted their price target on Booking from $6,200.00 to $6,400.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $6,146.23.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the transaction, the chief executive officer owned 23,607 shares in the company, valued at $130,237,930.44. This trade represents a 4.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert J. Mylod, Jr. sold 40 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the transaction, the director directly owned 960 shares of the company’s stock, valued at approximately $4,800,000. This represents a 4.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,388 shares of company stock valued at $17,629,822. 0.16% of the stock is owned by corporate insiders.

Booking Price Performance

NASDAQ BKNG opened at $5,177.39 on Tuesday. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41. The stock’s 50-day moving average is $5,071.78 and its two-hundred day moving average is $5,382.00. The firm has a market cap of $166.87 billion, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 1.31 and a beta of 1.25.

Booking (NASDAQ:BKNG) last released 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 company had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $8.71 billion. During the same quarter in the prior year, the company posted $83.39 EPS. The firm’s revenue was up 12.7% on a year-over-year basis. On average, equities analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

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 given a $9.60 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking’s dividend payout ratio (DPR) is currently 24.96%.

Booking Company Profile

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.