Poehling Capital Management INC. Invests $1.14 Million in Booking Holdings Inc. (NASDAQ:BKNG)

Poehling Capital Management INC. purchased 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 purchased 287 shares of the business services provider’s stock, valued at approximately $1,137,000.

Other institutional investors have also recently bought and sold shares of the company. Precision Wealth Strategies LLC boosted its holdings in Booking by 1.7% in the fourth quarter. Precision Wealth Strategies LLC now owns 303 shares of the business services provider’s stock valued at $1,075,000 after acquiring an additional 5 shares during the last quarter. Gryphon Financial Partners LLC grew its position in shares of Booking by 45.2% during the 4th quarter. Gryphon Financial Partners LLC now owns 151 shares of the business services provider’s stock worth $536,000 after buying an additional 47 shares during the period. Jump Financial LLC bought a new stake in shares of Booking during the fourth quarter worth approximately $1,107,000. Avantax Advisory Services Inc. lifted its holdings in Booking by 9.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 231 shares of the business services provider’s stock valued at $819,000 after buying an additional 20 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in Booking by 4.5% in the fourth quarter. Quadrant Capital Group LLC now owns 161 shares of the business services provider’s stock valued at $571,000 after acquiring an additional 7 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

BKNG has been the topic of a number of analyst reports. Cantor Fitzgerald assumed coverage on Booking in a research note on Thursday, September 5th. They issued a “neutral” rating and a $3,590.00 price target on the stock. B. Riley cut their target price on Booking from $4,900.00 to $4,650.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Benchmark lowered their price target on Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Evercore ISI reduced their price objective on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Tigress Financial upped their target price on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 9th. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $4,064.21.

Booking Trading Up 1.6 %

BKNG stock opened at $3,932.59 on Friday. Booking Holdings Inc. has a 1-year low of $2,733.04 and a 1-year high of $4,144.32. The business’s 50 day simple moving average is $3,767.76 and its 200 day simple moving average is $3,707.78. The firm has a market capitalization of $131.82 billion, a PE ratio of 29.49, a PEG ratio of 1.17 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, beating the consensus estimate of $39.22 by $2.68. The company had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $37.62 earnings per share. As a group, sell-side analysts predict that Booking Holdings Inc. will post 176.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $35.00 annualized dividend and a yield of 0.89%. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Insider Transactions at Booking

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

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.