Orrstown Financial Services Inc. Invests $510,000 in Booking Holdings Inc. (NASDAQ:BKNG)

Orrstown Financial Services Inc. bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 121 shares of the business services provider’s stock, valued at approximately $510,000.

A number of other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in Booking in the 3rd quarter valued at about $5,322,600,000. Bessemer Group Inc. grew its position in Booking by 4,565.4% during the first quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock worth $227,143,000 after buying an additional 61,268 shares in the last quarter. Mawer Investment Management Ltd. grew its position in Booking by 29.2% during the first quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock worth $702,049,000 after buying an additional 43,743 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in Booking by 106.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after acquiring an additional 36,710 shares in the last quarter. Finally, AustralianSuper Pty Ltd raised its holdings in Booking by 2,315.8% in the 2nd quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock valued at $145,755,000 after acquiring an additional 35,270 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. DA Davidson decreased their price target on Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Mizuho raised their target price on shares of Booking from $4,250.00 to $4,800.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Benchmark dropped their target price on shares of Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. JMP Securities lifted their price objective on shares of Booking from $3,950.00 to $5,000.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 15th. Finally, UBS Group boosted their price objective on shares of Booking from $4,350.00 to $5,050.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $4,256.89.

Booking Stock Down 0.0 %

BKNG opened at $4,347.59 on Tuesday. Booking Holdings Inc. has a twelve month low of $2,756.13 and a twelve month high of $4,395.00. The company has a fifty day moving average of $4,071.40 and a 200-day moving average of $3,856.08. The stock has a market cap of $145.73 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 1.44 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The firm had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period last year, the business posted $37.62 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. Sell-side analysts anticipate that Booking Holdings Inc. will post 177.29 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Friday, September 6th. Booking’s payout ratio is 24.50%.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.