Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Napean Trading & Investment Co Singapore PTE Ltd

Napean Trading & Investment Co Singapore PTE Ltd reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 30.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,119 shares of the business services provider’s stock after selling 913 shares during the quarter. Booking comprises approximately 2.0% of Napean Trading & Investment Co Singapore PTE Ltd’s portfolio, making the stock its 20th biggest position. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in Booking were worth $8,394,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. ICA Group Wealth Management LLC acquired a new position in Booking in the 4th quarter valued at about $25,000. Grove Bank & Trust lifted its position in Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after acquiring an additional 4 shares during the period. POM Investment Strategies LLC purchased a new position in shares of Booking in the 2nd quarter valued at approximately $28,000. Kings Path Partners LLC acquired a new position in shares of Booking in the second quarter valued at approximately $28,000. Finally, Financial Connections Group Inc. purchased a new stake in shares of Booking during the second quarter worth approximately $31,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Performance

BKNG stock opened at $3,731.35 on Friday. The stock’s 50 day moving average price is $3,773.69 and its 200 day moving average price is $3,699.80. The firm has a market cap of $126.60 billion, a P/E ratio of 27.98, a PEG ratio of 1.19 and a beta of 1.40. Booking Holdings Inc. has a 1 year low of $2,733.04 and a 1 year high of $4,144.32.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $39.22 by $2.68. The business had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $37.62 earnings per share. On average, research analysts predict that Booking Holdings Inc. will post 177.09 earnings per share for the current year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.94%. Booking’s dividend payout ratio is currently 26.25%.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the transaction, the chief executive officer now owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the transaction, the chief executive officer now owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BKNG. Wells Fargo & Company lifted their price objective on shares of Booking from $3,497.00 to $3,976.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Truist Financial began coverage on shares of Booking in a report on Friday. They issued a “hold” rating and a $4,100.00 target price on the stock. Evercore ISI cut their price target on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. StockNews.com lowered Booking from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. cut their target price on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $4,064.21.

Booking Profile

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.