Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Earned Wealth Advisors LLC

Key Points

• Earned Wealth Advisors LLC increased its holdings in Booking Holdings Inc. by 132.7% in the first quarter, owning 114 shares valued at $527,000.
• Booking Holdings reported $55.40 earnings per share for the last quarter, exceeding estimates by $5.08, with quarterly revenue of $6.80 billion, up 16.0% year-over-year.
• The company announced a quarterly dividend of $9.60 per share, representing a 0.7% yield, with the ex-dividend date set for September 5th.

Earned Wealth Advisors LLC grew its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 132.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114 shares of the business services provider's stock after purchasing an additional 65 shares during the period. Earned Wealth Advisors LLC's holdings in Booking were worth $527,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Raiffeisen Bank International AG lifted its position in shares of Booking by 18.3% during the first quarter. Raiffeisen Bank International AG now owns 18,066 shares of the business services provider's stock worth $83,722,000 after purchasing an additional 2,799 shares in the last quarter. Haven Private LLC increased its stake in Booking by 6.5% during the 1st quarter. Haven Private LLC now owns 66 shares of the business services provider's stock worth $304,000 after buying an additional 4 shares during the period. Argent Trust Co lifted its holdings in Booking by 0.4% in the 1st quarter. Argent Trust Co now owns 1,678 shares of the business services provider's stock worth $7,730,000 after buying an additional 7 shares in the last quarter. Scotia Capital Inc. boosted its position in Booking by 1.7% in the 1st quarter. Scotia Capital Inc. now owns 7,990 shares of the business services provider's stock valued at $36,810,000 after buying an additional 137 shares during the last quarter. Finally, Liberty Wealth Management LLC acquired a new stake in shares of Booking during the first quarter valued at about $106,166,000. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Stock Performance

NASDAQ BKNG opened at $5,386.29 on Monday. The firm's fifty day moving average price is $5,568.80 and its two-hundred day moving average price is $5,077.69. The stock has a market cap of $174.57 billion, a PE ratio of 37.46, a PEG ratio of 1.55 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping the consensus estimate of $50.32 by $5.08. Booking had a negative return on equity of 134.19% and a net margin of 19.23%. The company had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. During the same period in the previous year, the business posted $41.90 earnings per share. The business's quarterly revenue was up 16.0% compared to the same quarter last year. As a group, sell-side analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's dividend payout ratio (DPR) is currently 26.71%.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total value of $5,769,035.00. Following the sale, the chief executive officer owned 26,633 shares in the company, valued at approximately $151,674,935. The trade was a 3.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 3,039 shares of company stock worth $16,963,769. 0.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

BKNG has been the subject of a number of recent analyst reports. B. Riley restated a "buy" rating and set a $6,700.00 price objective (up previously from $6,100.00) on shares of Booking in a research note on Wednesday, July 30th. Royal Bank Of Canada raised their price target on shares of Booking from $5,900.00 to $6,100.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Wedbush reaffirmed a "neutral" rating and issued a $5,900.00 price target on shares of Booking in a report on Wednesday, July 30th. Evercore ISI raised their price objective on shares of Booking from $5,500.00 to $6,250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Truist Financial increased their price target on shares of Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a research report on Monday, July 14th. Eleven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $5,781.04.

Booking Company 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.

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