Orrstown Financial Services Inc. Purchases 4,055 Shares of Booking Holdings Inc. $BKNG

Orrstown Financial Services Inc. lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2,317.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,230 shares of the business services provider’s stock after purchasing an additional 4,055 shares during the quarter. Orrstown Financial Services Inc.’s holdings in Booking were worth $754,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Westside Investment Management Inc. boosted its stake in Booking by 22.2% during the fourth quarter. Westside Investment Management Inc. now owns 11 shares of the business services provider’s stock worth $59,000 after buying an additional 2 shares in the last quarter. FSM Wealth Advisors LLC raised its stake in shares of Booking by 4.9% in the 4th quarter. FSM Wealth Advisors LLC now owns 43 shares of the business services provider’s stock valued at $232,000 after buying an additional 2 shares in the last quarter. BLB&B Advisors LLC raised its stake in shares of Booking by 4.0% in the 4th quarter. BLB&B Advisors LLC now owns 52 shares of the business services provider’s stock valued at $278,000 after buying an additional 2 shares in the last quarter. Equity Wealth Partners LLC lifted its holdings in shares of Booking by 2.0% during the 4th quarter. Equity Wealth Partners LLC now owns 101 shares of the business services provider’s stock worth $543,000 after acquiring an additional 2 shares during the period. Finally, MBM Wealth Consultants LLC lifted its holdings in shares of Booking by 0.5% during the 4th quarter. MBM Wealth Consultants LLC now owns 403 shares of the business services provider’s stock worth $2,158,000 after acquiring an additional 2 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Insider Transactions at Booking

In related news, Director Vanessa Ames Wittman sold 1,125 shares of Booking stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $192.00, for a total value of $216,000.00. Following the completion of the transaction, the director directly owned 16,508 shares of the company’s stock, valued at $3,169,536. The trade was a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of the company’s stock in a transaction dated 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 owned 425,075 shares in the company, valued at approximately $69,572,025.25. This trade represents a 12.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 69,625 shares of company stock worth $11,652,075. Insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the topic of several recent research reports. Wells Fargo & Company set a $220.00 target price on shares of Booking and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. dropped their price target on shares of Booking from $224.00 to $208.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. The Goldman Sachs Group set a $215.00 price target on shares of Booking and gave the stock a “neutral” rating in a research note on Monday, July 20th. Mizuho set a $240.00 price objective on Booking in a research note on Wednesday, August 5th. Finally, TD Cowen reissued a “buy” rating and issued a $230.00 target price (down from $240.00) on shares of Booking in a report on Wednesday, April 29th. One equities 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 stock. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $235.72.

Booking Trading Down 0.7%

NASDAQ:BKNG opened at $212.88 on Tuesday. The stock has a market capitalization of $159.95 billion, a P/E ratio of 23.56, a price-to-earnings-growth ratio of 1.30 and a beta of 1.07. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $231.80. The firm has a 50 day moving average of $180.30 and a 200-day moving average of $176.61.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The business had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same period in the prior year, the company earned $55.40 EPS. Booking’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, analysts forecast that Booking Holdings Inc. will post 10.43 EPS for the current fiscal year.

Booking Dividend Announcement

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

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.