X Square Capital LLC Purchases Shares of 18,910 Booking Holdings Inc. $BKNG

by · The Markets Daily

X Square Capital LLC purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNGFree Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,910 shares of the business services provider’s stock, valued at approximately $3,371,000.

A number of other institutional investors and hedge funds have also modified their holdings of BKNG. Brighton Jones LLC boosted its holdings in shares of Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after buying an additional 65 shares during the period. Revolve Wealth Partners LLC bought a new position in Booking in the 4th quarter worth $209,000. Sivia Capital Partners LLC raised its holdings in Booking by 25.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock worth $955,000 after acquiring an additional 33 shares during the period. Schnieders Capital Management LLC. lifted its position in Booking by 50.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 87 shares of the business services provider’s stock worth $504,000 after acquiring an additional 29 shares during the last quarter. Finally, Osterweis Capital Management Inc. acquired a new position in Booking during the 2nd quarter worth $179,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Booking

In other Booking news, CFO Ewout L. Steenbergen sold 20,000 shares of Booking stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total transaction of $4,220,600.00. Following the sale, the chief financial officer owned 59,794 shares in the company, valued at $12,618,327.82. The trade was a 25.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $200.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the director directly owned 16,000 shares in the company, valued at $3,200,000. This trade represents a 23.81% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 140,050 shares of company stock valued at $26,341,680. Company insiders own 0.17% of the company’s stock.

Booking Stock Down 0.1%

BKNG stock opened at $209.62 on Friday. Booking Holdings Inc. has a twelve month low of $150.14 and a twelve month high of $231.80. The company has a market cap of $157.50 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 1.27 and a beta of 1.07. The business’s 50-day simple moving average is $188.60 and its 200 day simple moving average is $177.00.

Booking (NASDAQ:BKNGGet Free Report) last issued its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) 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 firm had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same period in the previous year, the company posted $55.40 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts anticipate that Booking Holdings Inc. will post 10.47 EPS for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.8%. Booking’s payout ratio is currently 18.58%.

Analysts Set New Price Targets

A number of research firms have issued reports on BKNG. Benchmark upped their price target on shares of Booking from $220.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Booking in a research note on Thursday, June 11th. Wells Fargo & Company set a $220.00 price objective on Booking and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. HSBC decreased their target price on Booking from $309.84 to $298.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Truist Financial set a $242.00 target price on Booking in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average target price of $235.72.

View Our Latest Stock Report on Booking

Booking Company Profile

(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.

Further Reading

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNGFree Report).