10 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Acquired by Fairscale Capital LLC

Fairscale Capital LLC acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10 shares of the business services provider’s stock, valued at approximately $41,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. ICA Group Wealth Management LLC acquired a new position in Booking during the fourth quarter worth $25,000. Grove Bank & Trust raised its holdings in shares of Booking by 133.3% in 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 last quarter. POM Investment Strategies LLC bought a new position in Booking in the 2nd quarter valued at about $28,000. Kings Path Partners LLC bought a new position in Booking in the 2nd quarter valued at about $28,000. Finally, Financial Connections Group Inc. acquired a new position in Booking during the 2nd quarter valued at about $31,000. Institutional investors own 92.42% of the company’s stock.

Insider Activity at Booking

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

Booking Trading Up 1.2 %

Booking stock opened at $4,064.01 on Monday. The firm has a market capitalization of $137.88 billion, a price-to-earnings ratio of 30.48, a P/E/G ratio of 1.21 and a beta of 1.40. The firm has a 50 day simple moving average of $3,772.09 and a 200 day simple moving average of $3,729.29. 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 released its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The company had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same period in the previous year, the company posted $37.62 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts forecast that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a $8.75 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.86%. Booking’s dividend payout ratio (DPR) is currently 26.25%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BKNG. Deutsche Bank Aktiengesellschaft lowered their price target on 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. B. Riley dropped their price target on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Argus boosted their price target on shares of Booking from $4,200.00 to $4,342.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Erste Group Bank upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. Finally, StockNews.com downgraded Booking from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on 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.