CFO4Life Group LLC Makes New $920,000 Investment in Booking Holdings Inc. $BKNG

by · The Cerbat Gem

CFO4Life Group LLC acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 5,164 shares of the business services provider’s stock, valued at approximately $920,000.

Other institutional investors have also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Booking during the second quarter valued at about $11,687,000. MBM Wealth Consultants LLC grew its stake in shares of Booking by 2,860.8% in the second quarter. MBM Wealth Consultants LLC now owns 12,554 shares of the business services provider’s stock worth $2,238,000 after purchasing an additional 12,130 shares during the last quarter. Life Cycle Investment Partners Ltd bought a new stake in shares of Booking in the fourth quarter worth about $361,463,000. Merit Financial Group LLC grew its stake in shares of Booking by 1,663.9% in the second quarter. Merit Financial Group LLC now owns 28,698 shares of the business services provider’s stock worth $5,115,000 after purchasing an additional 27,071 shares during the last quarter. Finally, Rit Capital Partners PLC purchased a new position in Booking during the 4th quarter valued at about $51,396,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

BKNG stock opened at $209.62 on Friday. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $231.80. The firm has a 50-day moving average of $188.60 and a 200 day moving average of $177.00. The company has a market cap of $157.50 billion, a P/E ratio of 23.20, a PEG ratio of 1.27 and a beta of 1.07.

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, beating 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 for the quarter, compared to analysts’ expectations of $7.19 billion. During the same period in the previous year, the firm posted $55.40 EPS. The business’s revenue was up 8.1% on a year-over-year basis. On average, equities research analysts expect that Booking Holdings Inc. will post 10.47 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have commented on BKNG. Mizuho set a $240.00 price target on Booking in a research report on Wednesday, August 5th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Booking in a research report on Thursday, June 11th. BTIG Research reissued a “buy” rating and set a $250.00 target price on shares of Booking in a research note on Wednesday, August 5th. Truist Financial set a $242.00 target price on Booking in a report on Wednesday, August 5th. Finally, Argus raised their price target on Booking from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. One analyst has 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $235.72.

Check Out Our Latest Stock Report on Booking

Insider Transactions at Booking

In other Booking news, Director Vanessa Ames Wittman sold 375 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $211.00, for a total transaction of $79,125.00. Following the completion of the transaction, the director owned 16,133 shares of the company’s stock, valued at approximately $3,404,063. This trade represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 50,050 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $207.59, for a total value of $10,389,879.50. Following the transaction, the vice president directly owned 375,025 shares of the company’s stock, valued at $77,851,439.75. This represents a 11.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 140,050 shares of company stock valued at $26,341,680. Company insiders own 0.17% of the company’s stock.

About Booking

(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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