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

Oregon Pacific Wealth Management LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2,384.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,622 shares of the business services provider’s stock after buying an additional 4,436 shares during the quarter. Booking comprises 0.8% of Oregon Pacific Wealth Management LLC’s investment portfolio, making the stock its 27th largest holding. Oregon Pacific Wealth Management LLC’s holdings in Booking were worth $824,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. MBM Wealth Consultants LLC increased its position in Booking by 0.5% during the fourth 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. Whittier Trust Co. boosted its holdings in Booking by 0.3% in the 4th quarter. Whittier Trust Co. now owns 642 shares of the business services provider’s stock valued at $3,434,000 after purchasing an additional 2 shares during the period. Bigelow Investment Advisors LLC boosted its holdings in Booking by 1.8% in the 4th quarter. Bigelow Investment Advisors LLC now owns 112 shares of the business services provider’s stock valued at $600,000 after purchasing an additional 2 shares during the period. Benjamin Edwards Inc. grew its position in Booking by 1.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 121 shares of the business services provider’s stock worth $700,000 after purchasing an additional 2 shares during the last quarter. Finally, Lakewood Asset Management LLC increased its holdings in shares of Booking by 0.5% during the 4th quarter. Lakewood Asset Management LLC now owns 655 shares of the business services provider’s stock worth $3,508,000 after purchasing an additional 3 shares during the period. 92.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BKNG shares. Oppenheimer reaffirmed an “outperform” rating and set a $240.00 price objective (up from $215.00) on shares of Booking in a research report on Wednesday, August 5th. B. Riley Financial reissued a “buy” rating and set a $274.00 target price (up from $264.00) on shares of Booking in a research report on Wednesday, August 5th. TD Cowen restated a “buy” rating and set a $230.00 price target (down from $240.00) on shares of Booking in a research note on Wednesday, April 29th. Jefferies Financial Group upped their price target on Booking from $180.00 to $190.00 and gave the company a “hold” rating in a report on Tuesday, July 14th. Finally, Barclays set a $210.00 price objective on Booking and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $235.72.

Insider Buying and Selling

In related news, VP Peter J. Millones sold 62,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president owned 425,075 shares in the company, valued at $69,572,025.25. This trade represents a 12.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ewout L. Steenbergen sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total value of $4,220,600.00. Following the completion of the sale, the chief financial officer directly owned 59,794 shares in the company, valued at approximately $12,618,327.82. This represents a 25.06% 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. In the last 90 days, insiders have sold 89,625 shares of company stock valued at $15,872,675. 0.17% of the stock is currently owned by company insiders.

Booking Stock Performance

Shares of BKNG stock opened at $212.06 on Friday. The firm has a fifty day moving average of $184.00 and a 200-day moving average of $177.04. The stock has a market cap of $159.34 billion, a price-to-earnings ratio of 23.47, a P/E/G ratio of 1.29 and a beta of 1.07. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $231.80.

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

Booking Announces Dividend

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