Reynders McVeigh Capital Management LLC Buys 6,341 Shares of Booking Holdings Inc. $BKNG

Reynders McVeigh Capital Management LLC grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2,935.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,557 shares of the business services provider’s stock after purchasing an additional 6,341 shares during the quarter. Reynders McVeigh Capital Management LLC’s holdings in Booking were worth $1,169,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Osbon Capital Management LLC acquired a new position in Booking during the fourth quarter worth $27,000. Godfrey Financial Associates Inc. bought a new position in shares of Booking in the 4th quarter valued at about $32,000. Bard Associates Inc. bought a new position in shares of Booking in the 4th quarter valued at about $32,000. Basepoint Wealth LLC acquired a new position in shares of Booking during the 4th quarter worth about $62,000. Finally, Jessup Wealth Management Inc acquired a new position in shares of Booking during the 4th quarter worth about $65,000. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BKNG shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Booking in a research note on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $230.00 price objective on shares of Booking in a research note on Wednesday, August 5th. Citigroup reiterated a “buy” rating and set a $236.00 target price (up from $225.00) on shares of Booking in a research note on Wednesday, August 5th. BTIG Research reissued a “buy” rating and set a $250.00 target price on shares of Booking in a report on Thursday, August 27th. Finally, Robert W. Baird set a $230.00 price target on Booking in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average target price of $236.70.

Insiders Place Their Bets

In other Booking news, Director Robert J. Mylod, Jr. sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $200.00, for a total transaction of $200,000.00. Following the transaction, the director owned 14,000 shares in the company, valued at $2,800,000. This represents a 6.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 50,050 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $207.59, for a total transaction of $10,389,879.50. Following the transaction, the vice president directly owned 375,025 shares in the company, valued at $77,851,439.75. This represents a 11.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 81,550 shares of company stock worth $16,922,744. 0.17% of the stock is currently owned by insiders.

Booking Stock Performance

NASDAQ:BKNG traded down $4.03 during mid-day trading on Tuesday, hitting $171.32. 8,985,814 shares of the stock were exchanged, compared to its average volume of 8,163,646. The firm’s 50-day simple moving average is $193.85 and its 200 day simple moving average is $179.07. The stock has a market capitalization of $128.73 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 1.08 and a beta of 1.07. Booking Holdings Inc. has a fifty-two week low of $150.14 and a fifty-two week high of $225.00.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The firm had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $55.40 EPS. On average, analysts predict that Booking Holdings Inc. will post 10.48 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid a $0.42 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.68 annualized dividend and a dividend yield of 1.0%. Booking’s dividend payout ratio is 18.58%.

Booking Company Profile

Booking Holdings Inc is a global provider of online travel and related services. The company connects consumers with accommodations, flights, rental cars, restaurants and travel experiences through a portfolio of digital brands and websites.

Its principal brands include Booking.com, which offers lodging, transportation and travel experiences; Priceline, which provides online booking services for hotels, flights, rental cars and vacation packages; Agoda, which focuses primarily on travel bookings in Asia and other international markets; KAYAK, a travel metasearch engine; OpenTable, a restaurant reservation and management platform; and Rentalcars.com, a global car rental service.

Booking Holdings serves customers, travel providers and restaurants across numerous countries and regions, with a particularly extensive international presence.