Booking Holdings Inc. (NASDAQ:BKNG) Position Increased by Fairbanks Capital Management Inc.

Fairbanks Capital Management Inc. raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,012 shares of the business services provider’s stock after purchasing an additional 23 shares during the period. Booking comprises about 2.6% of Fairbanks Capital Management Inc.’s portfolio, making the stock its 14th largest holding. Fairbanks Capital Management Inc.’s holdings in Booking were worth $4,009,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BKNG. Norges Bank bought a new position in shares of Booking during the fourth quarter worth about $1,742,160,000. Global Assets Advisory LLC bought a new position in shares of Booking during the first quarter worth about $401,371,000. BlueSpruce Investments LP bought a new position in shares of Booking during the fourth quarter worth about $220,080,000. Bessemer Group Inc. grew its position in shares of Booking by 4,565.4% during the first quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock worth $227,143,000 after acquiring an additional 61,268 shares during the last quarter. Finally, Morningstar Investment Services LLC grew its position in shares of Booking by 96.3% during the fourth quarter. Morningstar Investment Services LLC now owns 113,572 shares of the business services provider’s stock worth $403,233,000 after acquiring an additional 55,716 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BKNG. JPMorgan Chase & Co. lowered their price target on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. StockNews.com lowered shares of Booking from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $3,900.00 target price on shares of Booking in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Argus increased their target price on shares of Booking from $4,200.00 to $4,342.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4,064.21.

Insider Buying and Selling at Booking

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

Booking Price Performance

NASDAQ BKNG opened at $3,731.35 on Monday. The company has a 50 day simple moving average of $3,773.69 and a 200-day simple moving average of $3,699.51. The firm has a market capitalization of $125.07 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 1.14 and a beta of 1.40. Booking Holdings Inc. has a 52-week low of $2,733.04 and a 52-week high of $4,144.32.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. The business had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $37.62 earnings per share. On average, analysts predict that Booking Holdings Inc. will post 177.03 EPS for the current year.

Booking Dividend Announcement

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

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.