Golden State Wealth Management LLC Has $468,000 Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Golden State Wealth Management LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 197.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101 shares of the business services provider's stock after buying an additional 67 shares during the quarter. Golden State Wealth Management LLC's holdings in Booking were worth $468,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Kingswood Wealth Advisors LLC boosted its stake in Booking by 27.3% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock valued at $844,000 after buying an additional 39 shares in the last quarter. Point72 Europe London LLP acquired a new position in Booking during the fourth quarter worth $15,054,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Booking by 20.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock valued at $4,495,000 after acquiring an additional 153 shares during the period. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Booking in the 4th quarter valued at $994,000. Finally, Quadrant Capital Group LLC boosted its stake in shares of Booking by 1.4% in the 4th quarter. Quadrant Capital Group LLC now owns 210 shares of the business services provider's stock valued at $1,043,000 after purchasing an additional 3 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BKNG. BMO Capital Markets lifted their price target on shares of Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. UBS Group dropped their price objective on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a report on Monday, April 28th. Robert W. Baird boosted their target price on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Erste Group Bank cut Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Finally, Bank of America lifted their price objective on Booking from $5,580.00 to $5,820.00 and gave the company a "neutral" rating in a research report on Monday, June 9th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Booking has an average rating of "Moderate Buy" and an average price target of $5,388.37.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total value of $5,425,698.91. Following the completion of the transaction, the chief executive officer now directly owns 27,646 shares in the company, valued at approximately $148,073,911.22. The trade was a 3.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Booking Trading Up 1.7%

Shares of NASDAQ:BKNG traded up $97.13 during midday trading on Friday, hitting $5,693.13. The company had a trading volume of 297,425 shares, compared to its average volume of 248,100. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,717.34. The firm has a fifty day simple moving average of $5,252.37 and a 200 day simple moving average of $4,953.57. The stock has a market cap of $185.25 billion, a price-to-earnings ratio of 35.42, a PEG ratio of 1.70 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. The firm had revenue of $4.76 billion for the quarter, compared to analysts' expectations of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The company's revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $20.39 earnings per share. Equities analysts forecast 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 Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, June 6th. Booking's dividend payout ratio (DPR) is 23.89%.

About Booking

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.