One Wealth Advisors LLC Increases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

One Wealth Advisors LLC increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 22.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 412 shares of the business services provider's stock after buying an additional 75 shares during the quarter. One Wealth Advisors LLC's holdings in Booking were worth $1,898,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new stake in shares of Booking in the fourth quarter valued at $30,000. Bernard Wealth Management Corp. bought a new position in Booking during the fourth quarter valued at about $30,000. Kapitalo Investimentos Ltda bought a new position in Booking during the fourth quarter valued at about $40,000. Alpine Bank Wealth Management bought a new position in Booking during the first quarter valued at about $41,000. Finally, North Capital Inc. acquired a new stake in shares of Booking in the first quarter valued at about $46,000. 92.42% of the stock is owned by institutional investors.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the completion of the sale, the chief executive officer directly owned 26,633 shares of the company's stock, valued at $151,674,935. The trade was a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 3,039 shares of company stock worth $16,963,769 in the last quarter. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price on the stock in a research report on Friday, April 4th. B. Riley boosted their price objective on shares of Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Wall Street Zen upgraded shares of Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Bank of America boosted their price target 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, Morgan Stanley reduced their target price on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $5,454.26.

Booking Trading Down 0.3%

Booking stock traded down $17.73 during mid-day trading on Friday, reaching $5,632.27. The company had a trading volume of 184,789 shares, compared to its average volume of 172,500. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,839.41. The company has a market cap of $183.27 billion, a P/E ratio of 35.04, a P/E/G ratio of 1.72 and a beta of 1.40. The business has a fifty day simple moving average of $5,546.48 and a 200 day simple moving average of $5,048.68.

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

Booking Announces Dividend

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

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.