OneAscent Family Office LLC Acquires New Position in Booking Holdings Inc. (NASDAQ:BKNG)

OneAscent Family Office LLC bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 127 shares of the business services provider's stock, valued at approximately $592,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BKNG. AustralianSuper Pty Ltd grew its position in Booking by 15.7% in the 1st quarter. AustralianSuper Pty Ltd now owns 59,099 shares of the business services provider's stock worth $272,264,000 after purchasing an additional 8,024 shares during the period. Kestra Private Wealth Services LLC grew its position in Booking by 4.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 2,452 shares of the business services provider's stock worth $11,296,000 after purchasing an additional 111 shares during the period. HS Management Partners LLC grew its position in Booking by 2.1% in the 1st quarter. HS Management Partners LLC now owns 13,552 shares of the business services provider's stock worth $62,433,000 after purchasing an additional 284 shares during the period. Formidable Asset Management LLC grew its position in Booking by 2.2% in the 1st quarter. Formidable Asset Management LLC now owns 326 shares of the business services provider's stock worth $1,502,000 after purchasing an additional 7 shares during the period. Finally, Allegiance Financial Group Advisory Services LLC bought a new stake in Booking in the 1st quarter worth approximately $332,000. Institutional investors own 92.42% of the company's stock.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction on Tuesday, July 15th. The shares were 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 owned 26,633 shares of the company's stock, valued at approximately $151,674,935. The trade was a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 3,039 shares of company stock worth $16,963,769 in the last three months. Insiders own 0.16% of the company's stock.

Booking Stock Up 1.6%

BKNG stock traded up $88.08 during trading on Tuesday, hitting $5,765.23. 74,107 shares of the company's stock traded hands, compared to its average volume of 247,424. The firm has a market capitalization of $187.60 billion, a P/E ratio of 35.82, a PEG ratio of 1.75 and a beta of 1.40. The business has a fifty day simple moving average of $5,501.63 and a two-hundred day simple moving average of $5,022.36. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.57 by $7.24. The company had revenue of $4.76 billion for 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%. Booking's revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company posted $20.39 earnings per share. On average, equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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

Wall Street Analyst Weigh In

BKNG has been the subject of a number of recent research reports. Royal Bank Of Canada reissued an "outperform" rating and set a $5,900.00 price objective on shares of Booking in a research report on Wednesday, April 30th. Wells Fargo & Company upped their target price on shares of Booking from $4,692.00 to $5,411.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. JPMorgan Chase & Co. upped their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Finally, UBS Group dropped their target price on shares of 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 investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Booking currently 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.