Foyston Gordon & Payne Inc Has $14.29 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Key Points

• Foyston Gordon & Payne Inc increased its stake in Booking Holdings Inc. by 11.1%, now holding shares worth approximately $14.29 million, which represents 3.5% of their investment portfolio.
• Several analysts have upgraded Booking's stock ratings recently, with Barclays raising its price target to $6,000 while maintaining an "overweight" rating, and B. Riley setting a target of $6,700.
• Booking Holdings declared a quarterly dividend of $9.60 per share, with an annualized yield of 0.7%, to be paid on September 30th to shareholders of record on September 5th.

Foyston Gordon & Payne Inc lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,102 shares of the business services provider's stock after purchasing an additional 311 shares during the period. Booking accounts for 3.5% of Foyston Gordon & Payne Inc's investment portfolio, making the stock its 9th biggest holding. Foyston Gordon & Payne Inc's holdings in Booking were worth $14,291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of BKNG. Kapitalo Investimentos Ltda bought a new stake in shares of Booking in the fourth quarter valued at approximately $40,000. Alpine Bank Wealth Management purchased a new position in Booking in the 1st quarter valued at approximately $41,000. North Capital Inc. purchased a new position in Booking in the 1st quarter valued at approximately $46,000. Mechanics Financial Corp bought a new stake in Booking during the 1st quarter valued at $46,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in shares of Booking during the fourth quarter worth $50,000. Institutional investors own 92.42% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BKNG shares. Barclays lifted their price target on Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Hsbc Global Res upgraded Booking to a "strong-buy" rating in a research note on Thursday, July 17th. Benchmark reaffirmed a "buy" rating and set a $6,200.00 target price (up previously from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. B. Riley reiterated a "buy" rating and set a $6,700.00 price target (up from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Morgan Stanley set a $5,650.00 price objective on shares of Booking and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Booking has a consensus rating of "Moderate Buy" and an average target price of $5,781.04.

Booking Trading Down 0.6%

NASDAQ BKNG opened at $5,454.29 on Friday. The firm has a market cap of $176.77 billion, a PE ratio of 37.93, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a 1-year low of $3,592.28 and a 1-year high of $5,839.41. The stock has a 50-day moving average of $5,558.84 and a 200-day moving average of $5,123.66.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating the consensus estimate of $50.32 by $5.08. The firm had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%. The business's revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $41.90 earnings per share. As a group, equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's dividend payout ratio (DPR) is 26.71%.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the completion of the transaction, the chief executive officer directly owned 26,633 shares of the company's stock, valued at approximately $151,674,935. This represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 3,039 shares of company stock valued at $16,963,769. 0.16% of the stock is owned by company insiders.

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.

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