Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by MGO One Seven LLC

by · The Cerbat Gem

MGO One Seven LLC grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 16.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 706 shares of the business services provider’s stock after acquiring an additional 98 shares during the quarter. MGO One Seven LLC’s holdings in Booking were worth $3,252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Covestor Ltd increased its position in Booking by 6.9% during the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider’s stock worth $158,000 after purchasing an additional 2 shares in the last quarter. SageView Advisory Group LLC increased its position in Booking by 1.6% during the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider’s stock worth $616,000 after purchasing an additional 2 shares in the last quarter. Belpointe Asset Management LLC increased its position in Booking by 2.2% during the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider’s stock worth $472,000 after purchasing an additional 2 shares in the last quarter. Elequin Capital LP increased its position in Booking by 20.0% during the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider’s stock worth $60,000 after purchasing an additional 2 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its position in Booking by 1.2% during the 1st quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider’s stock worth $809,000 after purchasing an additional 2 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Performance

BKNG stock opened at $5,504.06 on Friday. The stock has a market capitalization of $178.39 billion, a price-to-earnings ratio of 38.28, a PEG ratio of 1.68 and a beta of 1.40. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,839.41. The stock’s fifty day moving average is $5,567.73 and its two-hundred day moving average is $5,070.33.

Booking (NASDAQ:BKNG – Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $50.32 by $5.08. The company had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business posted $41.90 earnings per share. As a group, analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. Booking’s payout ratio is 23.89%.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of research analyst reports. Truist Financial increased their target price on shares of Booking from $4,720.00 to $5,630.00 and gave the stock a “hold” rating in a research report on Monday, July 14th. BTIG Research raised shares of Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 target price for the company in a research report on Friday, April 4th. Benchmark increased their target price on shares of Booking from $6,000.00 to $6,200.00 and gave the stock a “buy” rating in a research report on Wednesday. Hsbc Global Res raised shares of Booking to a “strong-buy” rating in a research report on Thursday, July 17th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $5,750.00 price objective (up previously from $5,077.00) on shares of Booking in a research report on Wednesday. Eleven analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $5,718.07.

View Our Latest Stock Analysis on Booking

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total value of $5,769,035.00. Following the sale, the chief executive officer directly owned 26,633 shares in the company, valued at approximately $151,674,935. This trade represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 3,039 shares of company stock valued at $16,963,769 in the last quarter. Company insiders own 0.16% of the company’s stock.

About Booking

(Free Report)

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.

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