Pacer Advisors Inc. Has $23.16 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Pacer Advisors Inc. increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,846 shares of the business services provider’s stock after buying an additional 567 shares during the quarter. Pacer Advisors Inc.’s holdings in Booking were worth $23,159,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of BKNG. Vanguard Group Inc. lifted its position in shares of Booking by 0.4% in the first quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock worth $10,718,390,000 after purchasing an additional 12,456 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Booking by 4.5% during 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. Fisher Asset Management LLC raised its holdings in shares of Booking by 4.2% during the fourth quarter. Fisher Asset Management LLC now owns 376,656 shares of the business services provider’s stock worth $1,336,085,000 after acquiring an additional 15,303 shares in the last quarter. Ninety One UK Ltd boosted its position in Booking by 3.1% during the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock valued at $1,421,069,000 after purchasing an additional 10,889 shares during the last quarter. Finally, Sanders Capital LLC grew its stake in Booking by 3.5% in the fourth quarter. Sanders Capital LLC now owns 275,172 shares of the business services provider’s stock valued at $976,096,000 after purchasing an additional 9,419 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $100,556,375.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction on 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 directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

Booking Stock Up 1.2 %

Booking stock opened at $4,064.01 on Monday. The stock has a market cap of $137.88 billion, a price-to-earnings ratio of 30.48, a P/E/G ratio of 1.21 and a beta of 1.40. Booking Holdings Inc. has a 12-month low of $2,733.04 and a 12-month high of $4,144.32. The business’s 50-day simple moving average is $3,772.09 and its 200 day simple moving average is $3,729.29.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $39.22 by $2.68. The business had revenue of $5.86 billion for 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%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $37.62 EPS. As a group, sell-side analysts expect that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Dividend Announcement

The business 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. The ex-dividend date is Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.86%. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Analysts Set New Price Targets

BKNG has been the subject of several recent research reports. Barclays lowered their price target on Booking from $4,300.00 to $3,900.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Benchmark cut 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. Morgan Stanley increased their price objective on Booking from $4,000.00 to $4,200.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. B. Riley decreased their target price on Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Jefferies Financial Group cut shares of Booking from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $4,350.00 to $4,200.00 in a research note on Wednesday, September 4th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $4,064.21.

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.