Kingsview Wealth Management LLC Cuts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Kingsview Wealth Management LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 65.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 657 shares of the business services provider's stock after selling 1,227 shares during the quarter. Kingsview Wealth Management LLC's holdings in Booking were worth $3,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Summit Securities Group LLC purchased a new stake in Booking during the fourth quarter worth about $30,000. Bernard Wealth Management Corp. purchased a new position in Booking in the fourth quarter valued at about $30,000. Kapitalo Investimentos Ltda bought a new position in shares of Booking during the 4th quarter valued at approximately $40,000. Alpine Bank Wealth Management purchased a new stake in shares of Booking during the 1st quarter worth approximately $41,000. Finally, North Capital Inc. bought a new stake in shares of Booking in the 1st quarter worth approximately $46,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Morgan Stanley decreased their target price on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. JMP Securities increased their price target on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research note on Wednesday, April 30th. B. Riley lifted their price objective on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. UBS Group lowered their price objective on Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, Cantor Fitzgerald cut their target price on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and an average price target of $5,453.15.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer owned 26,633 shares of the company's stock, valued at approximately $151,674,935. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 3,039 shares of company stock worth $16,963,769. 0.16% of the stock is currently owned by corporate insiders.

Booking Stock Performance

Shares of Booking stock opened at $5,702.90 on Friday. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,839.41. The company's 50 day moving average price is $5,501.63 and its 200-day moving average price is $5,021.32. The stock has a market capitalization of $185.57 billion, a price-to-earnings ratio of 35.48, a P/E/G ratio of 1.74 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $4.58 billion. During the same quarter in the previous year, the business earned $20.39 EPS. Booking's revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

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

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.

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