Northwest Wealth Management LLC Invests $212,000 in Booking Holdings Inc. (NASDAQ:BKNG)

Northwest Wealth Management LLC bought a new position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 46 shares of the business services provider's stock, valued at approximately $212,000.

Other hedge funds also recently made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in shares of Booking in the 4th quarter worth $30,000. Bernard Wealth Management Corp. acquired a new stake in shares of Booking in the 4th quarter worth $30,000. Promus Capital LLC acquired a new stake in shares of Booking in the 4th quarter worth $35,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Booking in the 4th quarter worth $40,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Booking in the 1st quarter worth $41,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Insider Activity

In related news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the completion of the transaction, the chief executive officer now owns 27,646 shares of the company's stock, valued at approximately $148,073,911.22. This represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.16% of the company's stock.

Booking Price Performance

NASDAQ:BKNG opened at $5,693.13 on Monday. The firm has a 50 day simple moving average of $5,274.77 and a 200-day simple moving average of $4,952.54. The firm has a market cap of $185.25 billion, a PE ratio of 35.42, a P/E/G ratio of 1.77 and a beta of 1.41. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,711.48.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. The business had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The company's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $20.39 earnings per share. As a group, sell-side analysts expect 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 will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, June 6th. Booking's dividend payout ratio is presently 23.89%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a $5,900.00 target price on shares of Booking in a research note on Wednesday, April 30th. B. Riley raised their price objective on shares of Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Wells Fargo & Company raised their price objective on shares of Booking from $4,567.00 to $4,692.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. BMO Capital Markets raised their price objective on shares of Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Cantor Fitzgerald reduced their price objective on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research note 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $5,388.37.

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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