Booking Holdings Inc. $BKNG Shares Acquired by Salvus Wealth Management LLC

Salvus Wealth Management LLC lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2,336.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,882 shares of the business services provider’s stock after buying an additional 21,943 shares during the quarter. Booking accounts for approximately 2.3% of Salvus Wealth Management LLC’s holdings, making the stock its 10th largest holding. Salvus Wealth Management LLC’s holdings in Booking were worth $4,078,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BKNG. Brighton Jones LLC grew its position in Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after acquiring an additional 65 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Booking during the fourth quarter worth $209,000. Sivia Capital Partners LLC boosted its stake in shares of Booking by 25.0% in the second quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock valued at $955,000 after purchasing an additional 33 shares during the period. Schnieders Capital Management LLC. boosted its stake in shares of Booking by 50.0% in the second quarter. Schnieders Capital Management LLC. now owns 87 shares of the business services provider’s stock valued at $504,000 after purchasing an additional 29 shares during the period. Finally, Osterweis Capital Management Inc. acquired a new stake in Booking during the 2nd quarter valued at $179,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BKNG shares. B. Riley Financial reaffirmed a “buy” rating and set a $274.00 price target (up from $264.00) on shares of Booking in a research note on Wednesday, August 5th. Robert W. Baird set a $230.00 price objective on shares of Booking in a research report on Wednesday, August 5th. Benchmark raised their target price on Booking from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Jefferies Financial Group lifted their target price on Booking from $180.00 to $190.00 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. Finally, Evercore set a $245.00 price target on Booking in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $235.72.

Insiders Place Their Bets

In related news, Director Robert J. Mylod, Jr. sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $200.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the director owned 16,000 shares of the company’s stock, valued at $3,200,000. This represents a 23.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $192.00, for a total transaction of $216,000.00. Following the sale, the director owned 16,508 shares in the company, valued at approximately $3,169,536. This trade represents a 6.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 69,625 shares of company stock valued at $11,652,075 over the last 90 days. 0.17% of the stock is owned by company insiders.

Booking Stock Down 0.7%

Shares of NASDAQ BKNG opened at $212.88 on Tuesday. The stock’s 50 day moving average price is $180.30 and its two-hundred day moving average price is $176.61. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $231.80. The stock has a market capitalization of $159.95 billion, a P/E ratio of 23.56, a PEG ratio of 1.30 and a beta of 1.07.

Booking (NASDAQ:BKNG) last issued its earnings results on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, topping the consensus estimate of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The company had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same quarter last year, the firm earned $55.40 EPS. The business’s revenue was up 8.1% on a year-over-year basis. On average, analysts anticipate that Booking Holdings Inc. will post 10.43 EPS for the current year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, September 11th. This represents a $1.68 annualized dividend and a yield of 0.8%. Booking’s dividend payout ratio (DPR) is 18.58%.

Booking 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.