J.W. Cole Advisors Inc. Purchases 121 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

J.W. Cole Advisors Inc. lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 149.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202 shares of the business services provider's stock after buying an additional 121 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Booking were worth $932,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Kingswood Wealth Advisors LLC boosted its stake in Booking by 27.3% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock worth $844,000 after acquiring an additional 39 shares during the last quarter. Point72 Europe London LLP bought a new position in Booking in the fourth quarter valued at approximately $15,054,000. Quadrant Capital Group LLC lifted its stake in Booking by 1.4% in the fourth quarter. Quadrant Capital Group LLC now owns 210 shares of the business services provider's stock valued at $1,043,000 after buying an additional 3 shares in the last quarter. International Assets Investment Management LLC bought a new position in Booking in the first quarter valued at approximately $203,000. Finally, Perigon Wealth Management LLC lifted its stake in Booking by 9.4% in the first quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock valued at $1,281,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Trading Down 0.3%

Shares of BKNG traded down $17.73 during trading hours on Friday, reaching $5,632.27. 184,789 shares of the company's stock traded hands, compared to its average volume of 172,500. The stock has a market cap of $183.27 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 1.72 and a beta of 1.40. The firm's 50 day simple moving average is $5,546.48 and its 200-day simple moving average is $5,048.68. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. The company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. Booking's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $20.39 EPS. As a group, analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a $9.60 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.68%. Booking's payout ratio is currently 23.89%.

Insiders Place Their Bets

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the transaction, the chief executive officer directly owned 26,633 shares of the company's stock, valued at approximately $151,674,935. The trade was a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 3,039 shares of company stock valued at $16,963,769 in the last ninety days. Insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of recent analyst reports. UBS Group lowered their target price on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a report on Monday, April 28th. JMP Securities upped their price objective on shares of Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a report on Wednesday, April 30th. Hsbc Global Res upgraded shares of Booking to a "strong-buy" rating in a report on Thursday, July 17th. Bank of America upped their price objective on shares of Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Wells Fargo & Company upped their price objective on shares of Booking from $4,692.00 to $5,411.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $5,454.26.

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.