Kestra Private Wealth Services LLC Boosts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Kestra Private Wealth Services LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,452 shares of the business services provider's stock after buying an additional 111 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Booking were worth $11,296,000 as of its most recent filing with the SEC.

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

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 26,633 shares in the company, valued at approximately $151,674,935. The trade was a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 3,039 shares of company stock valued at $16,963,769 over the last three months. Company insiders own 0.16% of the company's stock.

Booking Trading Down 0.9%

BKNG traded down $49.42 on Wednesday, reaching $5,726.11. The stock had a trading volume of 55,731 shares, compared to its average volume of 246,900. The company has a market capitalization of $186.33 billion, a price-to-earnings ratio of 35.61, a price-to-earnings-growth ratio of 1.74 and a beta of 1.40. The firm has a 50-day moving average of $5,501.63 and a 200-day moving average of $5,022.36. 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 announced its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the prior year, the company earned $20.39 EPS. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Friday, June 6th. Booking's dividend payout ratio is currently 23.89%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Bank of America boosted their price target on Booking from $5,580.00 to $5,820.00 and gave the company a "neutral" rating in a research note on Monday, June 9th. Piper Sandler reduced their target price on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a report on Monday, April 28th. BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price for the company in a report on Friday, April 4th. Morgan Stanley reduced their target price on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Finally, UBS Group cut their price target on Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a report on Monday, April 28th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $5,453.15.

Booking 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.