Capital Investment Services of America Inc. Has $23.18 Million Holdings in Booking Holdings Inc. $BKNG

Capital Investment Services of America Inc. grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2,349.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,066 shares of the business services provider’s stock after purchasing an additional 124,755 shares during the period. Booking comprises 2.3% of Capital Investment Services of America Inc.’s portfolio, making the stock its 18th largest holding. Capital Investment Services of America Inc.’s holdings in Booking were worth $23,183,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BKNG. Life Cycle Investment Partners Ltd bought a new stake in Booking during the 4th quarter valued at approximately $361,463,000. Rit Capital Partners PLC bought a new stake in shares of Booking in the fourth quarter valued at approximately $51,396,000. Merit Financial Group LLC grew its stake in shares of Booking by 1,663.9% in the second quarter. Merit Financial Group LLC now owns 28,698 shares of the business services provider’s stock worth $5,115,000 after acquiring an additional 27,071 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in Booking during the fourth quarter worth $210,352,000. Finally, Cardano Risk Management B.V. increased its holdings in shares of Booking by 862.0% during the 4th quarter. Cardano Risk Management B.V. now owns 218,080 shares of the business services provider’s stock worth $1,167,890,000 after purchasing an additional 195,411 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Booking news, CFO Ewout L. Steenbergen sold 20,000 shares of Booking stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $211.03, for a total value of $4,220,600.00. Following the sale, the chief financial officer owned 59,794 shares of the company’s stock, valued at $12,618,327.82. This trade represents a 25.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total value of $216,000.00. Following the completion of the sale, the director owned 16,508 shares in the company, valued at $3,169,536. The trade was a 6.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 89,625 shares of company stock valued at $15,872,675 in the last quarter. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on BKNG shares. BMO Capital Markets restated an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Booking in a research note on Wednesday, August 5th. JPMorgan Chase & Co. reduced their target price on Booking from $224.00 to $208.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. B. Riley Financial reissued a “buy” rating and set a $274.00 price objective (up from $264.00) on shares of Booking in a report on Wednesday, August 5th. Cantor Fitzgerald lifted their target price on Booking from $175.00 to $220.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Gordon Haskett lifted their price target on shares of Booking from $217.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.72.

Booking Trading Down 0.6%

Booking stock opened at $212.06 on Friday. The firm has a market capitalization of $159.34 billion, a P/E ratio of 23.47, a PEG ratio of 1.29 and a beta of 1.07. The business has a 50-day moving average of $184.00 and a 200-day moving average of $177.04. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $231.80.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.11. The business had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. Booking’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $55.40 EPS. Research analysts anticipate that Booking Holdings Inc. will post 10.47 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, September 11th. Booking’s payout ratio is presently 18.58%.

Booking Company Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.