Copeland Capital Management LLC Acquires Shares of 2,063 Booking Holdings Inc. $BKNG

Copeland Capital Management LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,063 shares of the business services provider’s stock, valued at approximately $11,139,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd raised its position in shares of Booking by 15.6% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock valued at $2,958,000 after acquiring an additional 69 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of Booking by 18.6% in the 2nd quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock worth $437,284,000 after purchasing an additional 11,829 shares during the last quarter. Panagora Asset Management Inc. grew its stake in shares of Booking by 67.3% during the second quarter. Panagora Asset Management Inc. now owns 30,210 shares of the business services provider’s stock worth $174,893,000 after purchasing an additional 12,148 shares during the period. Covey Capital Advisors LLC increased its holdings in Booking by 1.0% in the second quarter. Covey Capital Advisors LLC now owns 1,117 shares of the business services provider’s stock valued at $6,467,000 after purchasing an additional 11 shares during the last quarter. Finally, Atria Investments Inc lifted its stake in Booking by 12.7% in the second quarter. Atria Investments Inc now owns 2,291 shares of the business services provider’s stock valued at $13,262,000 after buying an additional 259 shares during the period. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BKNG shares. Benchmark boosted their target price on Booking from $6,200.00 to $6,400.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. BNP Paribas set a $6,100.00 price objective on shares of Booking in a research note on Monday, November 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $5,433.00 target price on shares of Booking in a research note on Thursday, October 30th. Cantor Fitzgerald cut their target price on shares of Booking from $5,590.00 to $5,550.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Finally, UBS Group set a $6,806.00 price target on shares of Booking and gave the company a “buy” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6,149.23.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 200 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the insider directly owned 1,514 shares in the company, valued at approximately $7,570,000. This trade represents a 11.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Mylod, Jr. sold 40 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total value of $200,000.00. Following the completion of the sale, the director owned 960 shares in the company, valued at $4,800,000. The trade was a 4.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,324 shares of company stock valued at $17,193,557 over the last three months. 0.16% of the stock is currently owned by corporate insiders.

Booking Stock Down 0.3%

Booking stock opened at $5,427.15 on Wednesday. The company has a 50 day moving average of $5,116.39 and a 200-day moving average of $5,370.96. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The stock has a market capitalization of $174.92 billion, a PE ratio of 35.27, a price-to-earnings-growth ratio of 1.37 and a beta of 1.25.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. The business had revenue of $9.01 billion for the quarter, compared to analyst estimates of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business posted $83.39 earnings per share. Equities analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, December 5th. Booking’s payout ratio is 24.96%.

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.