Orion Capital Management LLC Purchases New Shares in Booking Holdings Inc. $BKNG

Orion Capital Management LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,920 shares of the business services provider’s stock, valued at approximately $699,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake 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 acquiring an additional 65 shares during the period. Revolve Wealth Partners LLC bought a new position in Booking during the 4th quarter worth approximately $209,000. Sivia Capital Partners LLC boosted its position in shares of Booking by 25.0% during the second quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock worth $955,000 after purchasing an additional 33 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in Booking by 50.0% in the second quarter. Schnieders Capital Management LLC. now owns 87 shares of the business services provider’s stock valued at $504,000 after acquiring an additional 29 shares during the period. Finally, Osterweis Capital Management Inc. bought a new stake in Booking during the 2nd quarter worth approximately $179,000. Institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In other Booking news, Director Vanessa Ames Wittman sold 375 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $211.00, for a total value of $79,125.00. Following the completion of the transaction, the director directly owned 16,133 shares in the company, valued at approximately $3,404,063. This represents a 2.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 1,000 shares of the 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 owned 15,000 shares of the company’s stock, valued at $3,100,500. The trade was a 6.25% decrease in their ownership of the stock. 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 90 days, insiders sold 77,550 shares of company stock valued at $16,112,304. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Citigroup reiterated a “buy” rating and set a $236.00 target price (up from $225.00) on shares of Booking in a report on Wednesday, August 5th. Jefferies Financial Group boosted their target price on shares of Booking from $180.00 to $190.00 and gave the stock a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Booking in a research note on Wednesday. Susquehanna reissued a “positive” rating and issued a $240.00 price objective on shares of Booking in a research report on Thursday, August 6th. Finally, Bank of America reissued a “buy” rating and set a $234.00 price target on shares of Booking in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $236.45.

Booking Stock Up 1.5%

NASDAQ:BKNG opened at $205.63 on Friday. The stock’s 50-day simple moving average is $192.18 and its 200 day simple moving average is $177.64. Booking Holdings Inc. has a twelve month low of $150.14 and a twelve month high of $226.10. The firm has a market capitalization of $154.51 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 1.22 and a beta of 1.07.

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

Booking Announces Dividend

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

Booking Company 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.