OMNI 360 Wealth Inc. Invests $295,000 in Booking Holdings Inc. (NASDAQ:BKNG)

OMNI 360 Wealth Inc. bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 64 shares of the business services provider's stock, valued at approximately $295,000.

A number of other large investors also recently modified their holdings of the stock. Covestor Ltd lifted its holdings in shares of Booking by 6.9% in the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider's stock valued at $158,000 after purchasing an additional 2 shares in the last quarter. SageView Advisory Group LLC grew its position in Booking by 1.6% in the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock worth $616,000 after purchasing an additional 2 shares in the last quarter. Belpointe Asset Management LLC grew its position in Booking by 2.2% in the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock worth $472,000 after purchasing an additional 2 shares in the last quarter. Elequin Capital LP grew its position in Booking by 20.0% in the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock worth $60,000 after purchasing an additional 2 shares in the last quarter. Finally, Harbour Investments Inc. grew its position in Booking by 6.5% in the 4th quarter. Harbour Investments Inc. now owns 49 shares of the business services provider's stock worth $243,000 after purchasing an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction dated Monday, June 16th. The stock was 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 directly owned 27,646 shares in the company, valued at $148,073,911.22. The trade was a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by insiders.

Booking Stock Down 0.5%

Booking stock opened at $5,784.70 on Tuesday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,825.00. The business has a 50-day simple moving average of $5,397.96 and a 200 day simple moving average of $4,980.35. The stock has a market cap of $188.23 billion, a price-to-earnings ratio of 36.06, a PEG ratio of 1.76 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping 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 business had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. During the same period in the previous year, the business earned $20.39 earnings per share. The firm's revenue was up 7.9% on a year-over-year basis. On average, research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.66%. The ex-dividend date was Friday, June 6th. Booking's payout ratio is 23.89%.

Analysts Set New Price Targets

BKNG has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Cantor Fitzgerald lowered their target price on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler lowered their target price on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price on the stock in a research note on Friday, April 4th. Finally, Erste Group Bank cut Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $5,415.00.

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.

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