Strata Wealth Advisors LLC Cuts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Strata Wealth Advisors LLC trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 16.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 888 shares of the business services provider's stock after selling 180 shares during the quarter. Booking accounts for about 1.3% of Strata Wealth Advisors LLC's holdings, making the stock its 11th biggest holding. Strata Wealth Advisors LLC's holdings in Booking were worth $4,091,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BKNG. Brighton Jones LLC increased its position in Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock valued at $1,249,000 after purchasing an additional 65 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of Booking in the 4th quarter worth about $209,000. Proficio Capital Partners LLC grew its position in shares of Booking by 25.2% in the 4th quarter. Proficio Capital Partners LLC now owns 174 shares of the business services provider's stock worth $865,000 after buying an additional 35 shares during the period. Choate Investment Advisors grew its position in shares of Booking by 90.3% in the 4th quarter. Choate Investment Advisors now owns 236 shares of the business services provider's stock worth $1,173,000 after buying an additional 112 shares during the period. Finally, Corient Private Wealth LLC grew its position in shares of Booking by 198.9% in the 4th quarter. Corient Private Wealth LLC now owns 31,850 shares of the business services provider's stock worth $158,247,000 after buying an additional 21,195 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm's 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 directly owned 26,633 shares of the company's stock, valued at approximately $151,674,935. This trade represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 3,039 shares of company stock valued at $16,963,769 over the last ninety days. Company insiders own 0.16% of the company's stock.

Booking Stock Performance

Shares of Booking stock traded up $12.64 on Thursday, hitting $5,670.77. 49,652 shares of the company traded hands, compared to its average volume of 247,840. The stock has a market capitalization of $184.53 billion, a P/E ratio of 35.28, a price-to-earnings-growth ratio of 1.74 and a beta of 1.40. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,839.41. The business has a 50-day simple moving average of $5,479.02 and a 200 day simple moving average of $5,011.47.

Booking (NASDAQ:BKNG - Get Free Report) last released 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 firm had revenue of $4.76 billion for the quarter, compared to analysts' expectations of $4.58 billion. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $20.39 earnings per share. Research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, June 6th. Booking's dividend payout ratio (DPR) is presently 23.89%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BKNG. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $5,900.00 target price on shares of Booking in a research report on Wednesday, April 30th. JPMorgan Chase & Co. increased their price objective on shares of Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. JMP Securities increased their price objective on shares of Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research report on Wednesday, April 30th. BTIG Research raised shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective on the stock in a research report on Friday, April 4th. Finally, Piper Sandler cut their price objective 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. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Booking currently has an average rating of "Moderate Buy" and an average price target 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.