Solidarity Wealth LLC Has $8.14 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Key Points

• Solidarity Wealth LLC increased its stake in Booking Holdings Inc. by 20.2%, acquiring 297 additional shares to reach a total of 1,766 shares, valued at approximately $8.14 million.
• Booking Holdings reported a significant earnings surprise with $24.81 EPS, outperforming analysts' expectations of $17.57, indicating a 7.9% increase in revenue year-over-year.
• Insider trading activity included the sale of 1,013 shares by CEO Glenn D. Fogel, reducing his ownership by 3.66%, with insiders collectively selling 3,039 shares in the last quarter.

Solidarity Wealth LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 20.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,766 shares of the business services provider's stock after acquiring an additional 297 shares during the period. Booking makes up 2.0% of Solidarity Wealth LLC's holdings, making the stock its 15th largest position. Solidarity Wealth LLC's holdings in Booking were worth $8,136,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock worth $1,249,000 after acquiring an additional 65 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Booking in the fourth quarter worth $209,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Booking by 51.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock valued at $1,394,283,000 after buying an additional 95,308 shares in the last quarter. Summit Securities Group LLC bought a new stake in Booking in the fourth quarter worth approximately $30,000. Finally, California Public Employees Retirement System boosted its holdings in Booking by 21.1% in the fourth quarter. California Public Employees Retirement System now owns 80,834 shares of the business services provider's stock worth $401,617,000 after purchasing an additional 14,106 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Trading Down 1.3%

Shares of Booking stock traded down $75.53 during mid-day trading on Thursday, reaching $5,537.38. 158,913 shares of the stock were exchanged, compared to its average volume of 254,214. The company has a market cap of $180.19 billion, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 1.69 and a beta of 1.40. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,839.41. The firm has a 50-day simple moving average of $5,564.49 and a 200 day simple moving average of $5,065.22.

Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping the consensus estimate of $50.32 by $5.08. Booking had a negative return on equity of 149.25% and a net margin of 19.23%. The business had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. During the same period in the previous year, the business earned $41.90 EPS. Booking's revenue was up 16.0% compared to the same quarter last year. On average, research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.69%. Booking's dividend payout ratio (DPR) is 23.89%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BKNG shares. JPMorgan Chase & Co. upped their price target on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Evercore ISI lifted their target price on shares of Booking from $5,500.00 to $6,250.00 and gave the stock an "outperform" rating in a report on Wednesday. Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Robert W. Baird raised their price target on Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Citigroup lifted their price target on Booking from $5,560.00 to $6,500.00 and gave the stock a "buy" rating in a research report on Wednesday. Eleven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Booking has an average rating of "Moderate Buy" and an average price target of $5,718.07.

Insider Buying and Selling

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer owned 26,633 shares in the company, valued at approximately $151,674,935. This trade represents a 3.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 3,039 shares of company stock worth $16,963,769. 0.16% of the stock is owned by corporate insiders.

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.