OneDigital Investment Advisors LLC Acquires New Stake in Booking Holdings Inc. $BKNG

OneDigital Investment Advisors LLC bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,459 shares of the business services provider’s stock, valued at approximately $2,577,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bigelow Investment Advisors LLC boosted its stake in shares of Booking by 1.8% in the fourth quarter. Bigelow Investment Advisors LLC now owns 112 shares of the business services provider’s stock valued at $600,000 after purchasing an additional 2 shares during the period. Benjamin Edwards Inc. grew its holdings in shares of Booking by 1.7% in the second quarter. Benjamin Edwards Inc. now owns 121 shares of the business services provider’s stock valued at $700,000 after purchasing an additional 2 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC increased its stake in Booking by 30.0% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 13 shares of the business services provider’s stock worth $70,000 after buying an additional 3 shares during the period. OLD National Bancorp IN lifted its holdings in Booking by 0.8% during the 4th quarter. OLD National Bancorp IN now owns 377 shares of the business services provider’s stock worth $2,019,000 after buying an additional 3 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA boosted its position in Booking by 6.0% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 53 shares of the business services provider’s stock valued at $284,000 after buying an additional 3 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Booking news, Director Robert J. Mylod, Jr. sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $200.00, for a total value of $1,000,000.00. Following the transaction, the director directly owned 16,000 shares in the company, valued at $3,200,000. This represents a 23.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ewout L. Steenbergen sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $211.03, for a total transaction of $4,220,600.00. Following the sale, the chief financial officer directly owned 59,794 shares in the company, valued at approximately $12,618,327.82. The trade was a 25.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 89,625 shares of company stock valued at $15,872,675. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank Of Canada dropped their price target on shares of Booking from $244.00 to $220.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Cantor Fitzgerald lifted their target price on Booking from $175.00 to $220.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Bank of America reissued a “buy” rating and set a $234.00 target price on shares of Booking in a research note on Wednesday, August 5th. Mizuho set a $240.00 price target on Booking in a report on Wednesday, August 5th. Finally, HSBC decreased their price objective on Booking from $309.84 to $298.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $235.72.

Booking Price Performance

NASDAQ:BKNG opened at $204.76 on Tuesday. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $231.80. The firm has a market capitalization of $153.85 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07. The business’s fifty day moving average price is $184.85 and its 200 day moving average price is $176.85.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The business had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.19 billion. During the same period in the prior year, the firm posted $55.40 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts anticipate that Booking Holdings Inc. will post 10.47 EPS for the current year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, September 11th. Booking’s dividend payout ratio is 18.58%.

Booking Company Profile

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.