23,044 Booking Holdings Inc. $BKNG Shares Sold by Sapient Capital LLC
by Michael Walen · The Markets DailySapient Capital LLC lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 7.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 296,879 shares of the business services provider’s stock after selling 23,044 shares during the quarter. Booking comprises about 0.7% of Sapient Capital LLC’s investment portfolio, making the stock its 20th largest position. Sapient Capital LLC’s holdings in Booking were worth $48,364,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. CoreCap Advisors LLC raised its position in shares of Booking by 29.0% during the 3rd quarter. CoreCap Advisors LLC now owns 1,783 shares of the business services provider’s stock valued at $290,000 after acquiring an additional 401 shares in the last quarter. Atwood & Palmer Inc. raised its holdings in shares of Booking by 1,971.2% during the third quarter. Atwood & Palmer Inc. now owns 2,589 shares of the business services provider’s stock worth $422,000 after purchasing an additional 2,464 shares during the period. YHB Investment Advisors Inc. lifted its position in shares of Booking by 19.8% in the 3rd quarter. YHB Investment Advisors Inc. now owns 2,874 shares of the business services provider’s stock worth $468,000 after buying an additional 474 shares during the last quarter. Apella Capital LLC boosted its holdings in shares of Booking by 37.2% in the 3rd quarter. Apella Capital LLC now owns 2,989 shares of the business services provider’s stock valued at $466,000 after buying an additional 811 shares during the period. Finally, Everhart Financial Group Inc. grew its position in shares of Booking by 3.3% during the 3rd quarter. Everhart Financial Group Inc. now owns 9,014 shares of the business services provider’s stock valued at $1,468,000 after buying an additional 290 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the company. BTIG Research restated a “buy” rating and issued a $250.00 target price on shares of Booking in a research note on Thursday, September 24th. Bank of America reissued a “buy” rating and issued a $234.00 price target on shares of Booking in a report on Wednesday, August 5th. DA Davidson set a $240.00 price objective on Booking in a research report on Thursday, August 6th. Cantor Fitzgerald upped their price objective on Booking from $175.00 to $220.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Robert W. Baird set a $230.00 target price on Booking in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $235.38.
View Our Latest Analysis on BKNG
Booking Stock Performance
Shares of NASDAQ:BKNG traded up $4.10 during trading hours on Thursday, hitting $159.97. The stock had a trading volume of 7,777,094 shares, compared to its average volume of 8,239,592. The stock’s fifty day simple moving average is $186.93 and its 200 day simple moving average is $178.00. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year high of $220.81. The firm has a market capitalization of $120.20 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 0.98 and a beta of 1.13.
Booking (NASDAQ:BKNG – Get Free Report) last issued its quarterly earnings data 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 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 analyst estimates of $7.19 billion. During the same period in the prior year, the company posted $55.40 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, research analysts anticipate that Booking Holdings Inc. will post 10.49 EPS for the current year.
Booking Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Booking’s dividend payout ratio (DPR) is 18.58%.
Insider Activity at Booking
In other news, CFO Ewout L. Steenbergen sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total value of $4,220,600.00. Following the completion of the sale, the chief financial officer directly owned 59,794 shares of the company’s stock, valued at approximately $12,618,327.82. This represents a 25.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Wittman sold 1,125 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the transaction, the director owned 16,508 shares of the company’s stock, valued at $3,169,536. This trade represents a 6.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 83,050 shares of company stock valued at $17,182,274. 0.17% of the stock is owned by corporate insiders.
Booking Profile
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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