Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by Hendershot Investments Inc.

Hendershot Investments Inc. boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,074 shares of the business services provider's stock after acquiring an additional 241 shares during the period. Booking makes up approximately 3.5% of Hendershot Investments Inc.'s investment portfolio, making the stock its 6th largest holding. Hendershot Investments Inc.'s holdings in Booking were worth $24,062,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Booking by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider's stock valued at $10,718,390,000 after purchasing an additional 12,456 shares during the period. Janus Henderson Group PLC lifted its stake in Booking by 4.5% in the 1st quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider's stock valued at $1,865,949,000 after acquiring an additional 21,969 shares in the last quarter. Norges Bank bought a new position in shares of Booking during the 4th quarter worth approximately $1,742,160,000. Fisher Asset Management LLC raised its holdings in shares of Booking by 4.2% in the fourth quarter. Fisher Asset Management LLC now owns 376,656 shares of the business services provider's stock valued at $1,336,085,000 after purchasing an additional 15,303 shares during the last quarter. Finally, Ninety One UK Ltd lifted its position in shares of Booking by 3.1% in the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider's stock worth $1,421,069,000 after purchasing an additional 10,889 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Booking news, insider Paulo Pisano sold 100 shares of the company's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the sale, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Glenn D. Fogel sold 750 shares of the firm's stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the transaction, the chief executive officer now owns 24,721 shares of the company's stock, valued at $100,556,375.65. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BKNG. DA Davidson lowered their price target on shares of Booking from $4,150.00 to $4,100.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Benchmark dropped their target price on Booking from $4,700.00 to $4,600.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Erste Group Bank raised Booking from a "hold" rating to a "buy" rating in a research report on Friday, June 14th. JPMorgan Chase & Co. cut their price objective on Booking from $4,025.00 to $3,860.00 and set an "overweight" rating for the company in a report on Friday, August 2nd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $3,900.00 price target on shares of Booking in a research report on Monday, August 5th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $4,064.21.

Booking Price Performance

NASDAQ:BKNG traded down $50.53 during trading hours on Friday, hitting $3,731.35. The company's stock had a trading volume of 283,116 shares, compared to its average volume of 257,314. Booking Holdings Inc. has a twelve month low of $2,733.04 and a twelve month high of $4,144.32. The stock has a fifty day simple moving average of $3,778.29 and a 200-day simple moving average of $3,699.70. The company has a market capitalization of $125.07 billion, a P/E ratio of 28.36, a PEG ratio of 1.19 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, beating analysts' consensus estimates of $39.22 by $2.68. The company had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $37.62 EPS. On average, equities analysts predict that Booking Holdings Inc. will post 177.09 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Friday, September 6th. Booking's payout ratio is 26.25%.

Booking Company 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.