Bridges Investment Management Inc. Has $2.02 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Bridges Investment Management Inc. increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 105.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 509 shares of the business services provider’s stock after buying an additional 261 shares during the period. Bridges Investment Management Inc.’s holdings in Booking were worth $2,016,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted 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 first quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock valued at $1,865,949,000 after buying an additional 21,969 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Booking by 4.2% during the 4th quarter. Fisher Asset Management LLC now owns 376,656 shares of the business services provider’s stock worth $1,336,085,000 after buying an additional 15,303 shares in the last quarter. Ninety One UK Ltd grew its position in shares of Booking by 3.1% during the 2nd quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after buying an additional 10,889 shares during the period. Finally, Sanders Capital LLC increased its stake in shares of Booking by 3.5% in the 4th quarter. Sanders Capital LLC now owns 275,172 shares of the business services provider’s stock valued at $976,096,000 after acquiring an additional 9,419 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Up 1.2 %

Booking stock opened at $4,064.01 on Friday. The firm has a 50 day moving average price of $3,772.09 and a 200-day moving average price of $3,725.13. Booking Holdings Inc. has a twelve month low of $2,733.04 and a twelve month high of $4,144.32. The company has a market capitalization of $136.23 billion, a P/E ratio of 30.48, a P/E/G ratio of 1.21 and a beta of 1.40.

Booking (NASDAQ:BKNG) last announced 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 business had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. Booking’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $37.62 earnings per share. Equities analysts expect that Booking Holdings Inc. will post 176.92 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 yield of 0.86%. The ex-dividend date is Friday, September 6th. Booking’s dividend payout ratio is currently 26.25%.

Analyst Ratings Changes

A number of equities research analysts have commented on BKNG shares. Bank of America reduced their price target on shares of Booking from $3,950.00 to $3,750.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Argus boosted their target price on Booking from $4,200.00 to $4,342.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Tigress Financial increased their price target on Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 9th. B. Riley decreased their price objective on Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, DA Davidson cut their target price on Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $4,064.21.

Insider Buying and Selling at Booking

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