Guyasuta Investment Advisors Inc. Has $446,000 Position in Booking Holdings Inc. $BKNG

Guyasuta Investment Advisors Inc. grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2,400.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,500 shares of the business services provider’s stock after purchasing an additional 2,400 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Booking were worth $446,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Booking by 34.9% during the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after buying an additional 65 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in Booking in the 4th quarter worth about $209,000. Sivia Capital Partners LLC lifted its stake in Booking by 25.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock worth $955,000 after acquiring an additional 33 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in Booking by 50.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 87 shares of the business services provider’s stock worth $504,000 after acquiring an additional 29 shares during the period. Finally, Osterweis Capital Management Inc. acquired a new stake in Booking during the 2nd quarter worth about $179,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Performance

Shares of BKNG opened at $212.26 on Thursday. The firm has a market cap of $159.49 billion, a PE ratio of 23.49, a PEG ratio of 1.28 and a beta of 1.07. The firm’s 50 day moving average price is $182.16 and its 200 day moving average price is $176.92. Booking Holdings Inc. has a twelve month low of $150.14 and a twelve month high of $231.80.

Booking (NASDAQ:BKNG) last posted its earnings results on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, topping the consensus estimate of $2.43 by $0.11. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The company had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same period in the previous year, the firm posted $55.40 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 10.47 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, September 11th. Booking’s payout ratio is presently 18.58%.

Insider Buying and Selling

In related news, Director Robert J. Mylod, Jr. sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $206.70, for a total value of $206,700.00. Following the completion of the sale, the director directly owned 15,000 shares in the company, valued at approximately $3,100,500. This represents a 6.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the transaction, the vice president directly owned 425,075 shares in the company, valued at $69,572,025.25. The trade was a 12.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 69,625 shares of company stock worth $11,652,075. Corporate insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BKNG. Truist Financial set a $242.00 target price on Booking in a report on Wednesday, August 5th. B. Riley Financial restated a “buy” rating and set a $274.00 price target (up from $264.00) on shares of Booking in a report on Wednesday, August 5th. Jefferies Financial Group boosted their price objective on shares of Booking from $180.00 to $190.00 and gave the company a “hold” rating in a research report on Tuesday, July 14th. DA Davidson set a $240.00 price objective on shares of Booking in a research note on Thursday, August 6th. Finally, Citigroup reiterated a “buy” rating and issued a $236.00 target price (up from $225.00) on shares of Booking in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $235.72.

Booking Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.