Booking Holdings Inc. $BKNG Shares Sold by Hook Mill Capital Partners LP

by · The Markets Daily

Hook Mill Capital Partners LP reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 50.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,851 shares of the business services provider’s stock after selling 6,067 shares during the quarter. Booking accounts for approximately 3.3% of Hook Mill Capital Partners LP’s investment portfolio, making the stock its 14th biggest holding. Hook Mill Capital Partners LP’s holdings in Booking were worth $33,873,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Preservation Advisors LLC purchased a new position in shares of Booking in the first quarter valued at approximately $28,000. Atwood & Palmer Inc. purchased a new position in Booking in the 2nd quarter valued at $29,000. Westside Investment Management Inc. boosted its stake in Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after purchasing an additional 4 shares during the last quarter. Keystone Global Partners LLC acquired a new stake in Booking during the 1st quarter worth $32,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of Booking in the second quarter valued at about $35,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of recent research reports. Robert W. Baird set a $6,325.00 target price on shares of Booking in a research note on Wednesday, October 29th. The Goldman Sachs Group raised their target price on Booking from $5,640.00 to $6,050.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Morgan Stanley set a $6,150.00 price objective on shares of Booking in a report on Wednesday, October 29th. BNP Paribas Exane initiated coverage on shares of Booking in a report on Monday, November 24th. They issued an “outperform” rating and a $6,100.00 target price on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Booking in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6,149.23.

Read Our Latest Report on Booking

Booking Stock Up 0.4%

Shares of NASDAQ BKNG opened at $5,301.64 on Friday. The business’s 50 day moving average is $5,061.02 and its two-hundred day moving average is $5,379.40. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41. The firm has a market cap of $170.87 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 1.33 and a beta of 1.25.

Booking (NASDAQ:BKNG – Get Free Report) last posted its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $95.56 by $3.94. The firm had revenue of $9.01 billion for the quarter, compared to analyst estimates of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.Booking’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $83.39 EPS. Analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, December 5th. Booking’s payout ratio is presently 24.96%.

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 200 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $1,000,000.00. Following the sale, the insider owned 1,514 shares of the company’s stock, valued at $7,570,000. This trade represents a 11.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Mylod, Jr. sold 40 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the sale, the director owned 960 shares in the company, valued at $4,800,000. The trade was a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,388 shares of company stock worth $17,629,822 in the last quarter. Company insiders own 0.16% of the company’s stock.

Booking Profile

(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.

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:BKNG – Free Report).