SteelPeak Wealth LLC Acquires 1,441 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

SteelPeak Wealth LLC boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 142.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,452 shares of the business services provider's stock after acquiring an additional 1,441 shares during the quarter. SteelPeak Wealth LLC's holdings in Booking were worth $11,296,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in Booking in the 4th quarter valued at $30,000. Bernard Wealth Management Corp. bought a new stake in Booking during the 4th quarter worth about $30,000. Kapitalo Investimentos Ltda bought a new stake in Booking during the 4th quarter worth about $40,000. Alpine Bank Wealth Management bought a new stake in Booking during the 1st quarter worth about $41,000. Finally, Minot DeBlois Advisors LLC bought a new stake in Booking during the 4th quarter worth about $50,000. 92.42% of the stock is owned by institutional investors.

Booking Stock Performance

BKNG traded up $48.94 on Monday, reaching $5,766.04. The company had a trading volume of 134,108 shares, compared to its average volume of 248,451. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,839.41. The stock has a market cap of $187.63 billion, a P/E ratio of 35.87, a P/E/G ratio of 1.76 and a beta of 1.40. The company's fifty day moving average is $5,448.04 and its 200 day moving average is $4,997.21.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating 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 business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the prior year, the business earned $20.39 EPS. Booking's quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BKNG shares. BMO Capital Markets boosted their price target on shares of Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price target on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Robert W. Baird boosted their price target on shares of Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Piper Sandler cut their price target on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, B. Riley boosted their price target 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. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $5,449.44.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total value of $5,425,698.91. Following the completion of the sale, the chief executive officer owned 27,646 shares of the company's stock, valued at $148,073,911.22. The trade was a 3.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is owned by corporate insiders.

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.