Oregon Pacific Wealth Management LLC Purchases 4,436 Shares of Booking Holdings Inc. $BKNG

Oregon Pacific Wealth Management LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2,384.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,622 shares of the business services provider’s stock after buying an additional 4,436 shares during the period. Booking accounts for about 0.8% of Oregon Pacific Wealth Management LLC’s investment portfolio, making the stock its 27th biggest position. Oregon Pacific Wealth Management LLC’s holdings in Booking were worth $824,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wilkerson Advisory Group LLC increased its holdings in shares of Booking by 3,550.0% during the second quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider’s stock worth $26,000 after buying an additional 142 shares in the last quarter. Camelot Portfolios LLC acquired a new position in shares of Booking in the 4th quarter worth approximately $27,000. Osbon Capital Management LLC bought a new stake in Booking during the 4th quarter worth approximately $27,000. First Financial Corp IN grew its position in Booking by 2,400.0% during the 2nd quarter. First Financial Corp IN now owns 150 shares of the business services provider’s stock worth $27,000 after acquiring an additional 144 shares during the last quarter. Finally, Mcguire Capital Advisors Inc. acquired a new stake in Booking during the 4th quarter valued at $27,000. 92.42% of the stock is owned by institutional investors.

Booking Price Performance

BKNG stock opened at $212.06 on Friday. The company has a 50 day moving average price of $184.00 and a 200 day moving average price of $177.04. Booking Holdings Inc. has a fifty-two week low of $150.14 and a fifty-two week high of $231.80. The stock has a market capitalization of $159.34 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.29 and a beta of 1.07.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The firm had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $55.40 EPS. As a group, equities analysts expect that Booking Holdings Inc. will post 10.47 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a $0.42 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.68 annualized dividend and a yield of 0.8%. Booking’s dividend payout ratio (DPR) is currently 18.58%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. UBS Group lifted their price objective on Booking from $266.00 to $274.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Benchmark increased their target price on Booking from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. TD Cowen restated a “buy” rating and issued a $230.00 target price (down from $240.00) on shares of Booking in a research note on Wednesday, April 29th. Argus lifted their price target on Booking from $210.00 to $245.00 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, Weiss Ratings upgraded shares of Booking from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.72.

Insider Transactions at Booking

In other Booking news, Director Robert J. Mylod, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred 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 owned 15,000 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the sale, the director owned 16,508 shares of the company’s stock, valued at approximately $3,169,536. This represents a 6.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 89,625 shares of company stock valued at $15,872,675 in the last three months. Company insiders own 0.17% of the company’s stock.

About Booking

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.