Pandora Wealth Inc. Purchases New Position in Booking Holdings Inc. (NASDAQ:BKNG)

Key Points

• Pandora Wealth Inc. bought a new position in Booking Holdings Inc. (NASDAQ: BKNG) during the first quarter, acquiring 56 shares valued at approximately $258,000.
• Booking reported a quarterly earnings per share of $55.40, exceeding analysts' expectations of $50.32, with revenue of $6.80 billion for the quarter.
• The company has announced a quarterly dividend of $9.60 per share, set to be paid on September 30th, representing an annualized dividend yield of 0.7%.

Pandora Wealth Inc. purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 56 shares of the business services provider's stock, valued at approximately $258,000.

Several other institutional investors also recently bought and sold shares of the company. Sierra Summit Advisors LLC boosted its holdings in Booking by 1.5% in the 1st quarter. Sierra Summit Advisors LLC now owns 1,686 shares of the business services provider's stock worth $7,767,000 after buying an additional 25 shares during the last quarter. Fiduciary Family Office LLC acquired a new stake in Booking in the 1st quarter worth about $571,000. True North Advisors LLC acquired a new stake in Booking in the 1st quarter worth about $797,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Booking by 412.7% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,514 shares of the business services provider's stock worth $66,865,000 after buying an additional 11,683 shares during the last quarter. Finally, Cynosure Group LLC boosted its holdings in Booking by 22.2% in the 1st quarter. Cynosure Group LLC now owns 77 shares of the business services provider's stock worth $355,000 after buying an additional 14 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Trading Down 0.5%

Booking stock opened at $5,405.91 on Friday. Booking Holdings Inc. has a twelve month low of $3,394.85 and a twelve month high of $5,839.41. The stock's fifty day simple moving average is $5,569.71 and its 200-day simple moving average is $5,095.71. The firm has a market capitalization of $175.21 billion, a P/E ratio of 37.60, a P/E/G ratio of 1.57 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping analysts' consensus estimates of $50.32 by $5.08. Booking had a negative return on equity of 134.19% and a net margin of 19.23%. The business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same quarter in the prior year, the company earned $41.90 earnings per share. The company's revenue was up 16.0% on a year-over-year basis. Sell-side analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking's dividend payout ratio is currently 26.71%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BKNG shares. Cantor Fitzgerald reiterated a "neutral" rating on shares of Booking in a report on Wednesday, July 30th. Erste Group Bank upgraded Booking from a "hold" rating to a "buy" rating in a report on Tuesday. BMO Capital Markets reiterated an "outperform" rating and issued a $6,000.00 price objective (up from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Morgan Stanley set a $5,650.00 target price on Booking and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Finally, Benchmark restated a "buy" rating and set a $6,200.00 target price (up from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,781.04.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the sale, the chief executive officer 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 3,039 shares of company stock worth $16,963,769 over the last 90 days. 0.16% of the stock is currently owned by corporate insiders.

About Booking

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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