Booking Holdings Inc. $BKNG Shares Purchased by One Wealth Map LLC

One Wealth Map LLC grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2,184.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,591 shares of the business services provider’s stock after purchasing an additional 4,390 shares during the period. Booking comprises approximately 8.6% of One Wealth Map LLC’s investment portfolio, making the stock its 2nd biggest holding. One Wealth Map LLC’s holdings in Booking were worth $19,330,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. First Western Trust Bank grew its position in Booking by 3.4% in the third quarter. First Western Trust Bank now owns 60 shares of the business services provider’s stock valued at $324,000 after purchasing an additional 2 shares in the last quarter. CGN Advisors LLC boosted its stake in shares of Booking by 3.6% during the 4th quarter. CGN Advisors LLC now owns 57 shares of the business services provider’s stock worth $305,000 after buying an additional 2 shares during the last quarter. Howard Financial Services LTD. grew its holdings in shares of Booking by 1.4% in the 4th quarter. Howard Financial Services LTD. now owns 140 shares of the business services provider’s stock valued at $750,000 after acquiring an additional 2 shares in the last quarter. Traynor Capital Management Inc. increased its position in shares of Booking by 1.1% in the fourth quarter. Traynor Capital Management Inc. now owns 187 shares of the business services provider’s stock valued at $1,003,000 after acquiring an additional 2 shares during the last quarter. Finally, Norden Group LLC increased its position in shares of Booking by 0.6% in the fourth quarter. Norden Group LLC now owns 322 shares of the business services provider’s stock valued at $1,725,000 after acquiring an additional 2 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Insider Transactions at Booking

In related news, Director Vanessa Ames Wittman sold 1,125 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $192.00, for a total value of $216,000.00. Following the transaction, the director directly owned 16,050 shares in the company, valued at approximately $3,081,600. This represents a 6.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the transaction, the vice president directly owned 425,075 shares in the company, valued at approximately $69,572,025.25. This represents a 12.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 80,351 shares of company stock valued at $13,545,706. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BKNG has been the topic of several analyst reports. Wells Fargo & Company set a $214.00 target price on Booking and gave the stock an “equal weight” rating in a report on Tuesday, June 30th. UBS Group boosted their price target on Booking from $259.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Gordon Haskett upped their price objective on Booking from $217.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. The Goldman Sachs Group cut their price objective on Booking from $226.00 to $223.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Finally, Argus set a $210.00 target price on shares of Booking and gave the company a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $227.26.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $178.39 on Monday. Booking Holdings Inc. has a 12-month low of $150.14 and a 12-month high of $231.80. The business has a 50 day moving average of $168.72 and a 200-day moving average of $180.00. The stock has a market cap of $138.23 billion, a PE ratio of 23.46, a P/E/G ratio of 1.07 and a beta of 1.07.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06. The business had revenue of $5.53 billion during the quarter, compared to analysts’ expectations of $5.52 billion. Booking had a negative return on equity of 117.14% and a net margin of 22.23%.The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period last year, the firm posted $0.99 EPS. Equities research analysts expect that Booking Holdings Inc. will post 10.44 earnings per share for the current year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.9%. Booking’s dividend payout ratio (DPR) is currently 22.11%.

About Booking

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.