Syon Capital LLC Purchases 9,090 Shares of Booking Holdings Inc. $BKNG

Syon Capital LLC boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2,227.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,498 shares of the business services provider’s stock after acquiring an additional 9,090 shares during the quarter. Syon Capital LLC’s holdings in Booking were worth $1,693,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKNG. Brighton Jones LLC lifted its stake in shares of Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after buying an additional 65 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Booking during the fourth quarter worth about $209,000. Sivia Capital Partners LLC increased 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 acquiring an additional 33 shares in the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of Booking by 50.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 87 shares of the business services provider’s stock worth $504,000 after acquiring an additional 29 shares during the last quarter. Finally, Osterweis Capital Management Inc. bought a new position in Booking in the 2nd quarter valued at about $179,000. Institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In other Booking news, Director Robert Mylod, Jr. sold 1,000 shares of Booking stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $200.00, for a total value of $200,000.00. Following the sale, the director owned 14,000 shares of the company’s stock, valued at approximately $2,800,000. The trade was a 6.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Wittman sold 375 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $211.00, for a total transaction of $79,125.00. Following the completion of the transaction, the director owned 16,133 shares in the company, valued at approximately $3,404,063. The trade was a 2.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 81,550 shares of company stock valued at $16,922,744 in the last three months. 0.17% of the stock is owned by corporate insiders.

Booking Trading Down 0.9%

BKNG stock opened at $193.29 on Friday. The stock has a market cap of $145.23 billion, a P/E ratio of 21.39, a P/E/G ratio of 1.21 and a beta of 1.07. The stock’s fifty day simple moving average is $194.31 and its two-hundred day simple moving average is $178.43. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year high of $226.10.

Booking (NASDAQ:BKNG) last announced its earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.11. The firm had revenue of $7.35 billion during 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 revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $55.40 EPS. As a group, analysts forecast that Booking Holdings Inc. will post 10.48 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 0.9%. The ex-dividend date is Friday, September 11th. Booking’s dividend payout ratio (DPR) is 18.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Jefferies Financial Group lifted their price target on Booking from $180.00 to $190.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. Susquehanna reissued a “positive” rating and issued a $240.00 price objective on shares of Booking in a research note on Thursday, August 6th. DA Davidson set a $240.00 target price on Booking in a report on Thursday, August 6th. Bank of America reaffirmed a “buy” rating and set a $234.00 target price on shares of Booking in a research report on Wednesday, August 5th. Finally, Argus upped their price target on Booking from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $236.70.

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.