Park Place Capital Corp Buys Shares of 58 Booking Holdings Inc. (NASDAQ:BKNG)

Park Place Capital Corp bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 58 shares of the business services provider’s stock, valued at approximately $210,000.

A number of other large investors also recently bought and sold shares of BKNG. Insigneo Advisory Services LLC lifted its position in Booking by 12.0% in the third quarter. Insigneo Advisory Services LLC now owns 121 shares of the business services provider’s stock valued at $373,000 after buying an additional 13 shares during the last quarter. Becker Capital Management Inc. lifted its position in shares of Booking by 5.9% during the third quarter. Becker Capital Management Inc. now owns 108 shares of the business services provider’s stock worth $333,000 after purchasing an additional 6 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Booking by 2.7% during the third quarter. Advisors Asset Management Inc. now owns 459 shares of the business services provider’s stock worth $1,416,000 after purchasing an additional 12 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of Booking by 383.8% during the third quarter. Alps Advisors Inc. now owns 1,132 shares of the business services provider’s stock worth $3,491,000 after purchasing an additional 898 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its position in shares of Booking by 1.2% during the third quarter. Evergreen Capital Management LLC now owns 671 shares of the business services provider’s stock worth $2,069,000 after purchasing an additional 8 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the sale, the chief executive officer now directly owns 26,971 shares of the company’s stock, valued at $95,318,211.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the sale, the chief executive officer now directly owns 26,971 shares of the company’s stock, valued at $95,318,211.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total value of $75,619.50. Following the completion of the sale, the director now directly owns 189 shares of the company’s stock, valued at approximately $649,640.25. The disclosure for this sale can be found here. Insiders sold a total of 1,021 shares of company stock valued at $3,617,852 over the last three months. 0.12% of the stock is currently owned by company insiders.

Booking Price Performance

Shares of BKNG traded down $76.62 during mid-day trading on Monday, reaching $3,884.88. 231,144 shares of the company’s stock were exchanged, compared to its average volume of 255,453. The stock has a market capitalization of $131.81 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 1.18 and a beta of 1.38. The business’s fifty day simple moving average is $3,759.73 and its 200-day simple moving average is $3,626.59. Booking Holdings Inc. has a 52-week low of $2,624.50 and a 52-week high of $4,040.00.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.03 by $6.36. The business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period last year, the firm posted $11.60 earnings per share. Equities research analysts predict that Booking Holdings Inc. will post 178.54 earnings per share for the current year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, June 7th. Booking’s dividend payout ratio is presently 26.25%.

Analyst Ratings Changes

Several brokerages have recently issued reports on BKNG. JPMorgan Chase & Co. increased their price target on shares of Booking from $3,950.00 to $4,025.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. JMP Securities reissued a “market outperform” rating and set a $3,950.00 price target on shares of Booking in a research report on Monday, May 6th. BMO Capital Markets reissued an “outperform” rating and set a $4,205.00 price target (up previously from $4,150.00) on shares of Booking in a research report on Friday, May 3rd. Erste Group Bank upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. Finally, Wedbush restated an “outperform” rating and set a $3,850.00 target price on shares of Booking in a research note on Tuesday, April 30th. Nine investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $3,902.54.

About Booking

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.