Strata Wealth Advisors LLC Acquires New Position in Booking Holdings Inc. (NASDAQ:BKNG)

Strata Wealth Advisors LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,011 shares of the business services provider's stock, valued at approximately $3,586,000. Booking accounts for approximately 1.4% of Strata Wealth Advisors LLC's portfolio, making the stock its 8th largest holding.

A number of other hedge funds have also recently bought and sold shares of BKNG. LPL Financial LLC boosted its position in shares of Booking by 8.8% in the 3rd quarter. LPL Financial LLC now owns 15,301 shares of the business services provider's stock valued at $47,188,000 after purchasing an additional 1,236 shares during the period. Lowe Brockenbrough & Co. Inc. boosted its position in Booking by 0.6% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 4,390 shares of the business services provider's stock worth $13,539,000 after acquiring an additional 25 shares during the period. Crestwood Advisors Group LLC boosted its position in Booking by 3.0% during the 4th quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider's stock worth $57,635,000 after acquiring an additional 470 shares during the period. Boston Trust Walden Corp acquired a new stake in Booking during the 4th quarter worth about $24,841,000. Finally, Advisor Resource Council boosted its position in Booking by 382.4% during the 4th quarter. Advisor Resource Council now owns 357 shares of the business services provider's stock worth $1,266,000 after acquiring an additional 283 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Down 0.4 %

NASDAQ BKNG traded down $15.32 during trading on Friday, hitting $3,414.82. The company's stock had a trading volume of 218,821 shares, compared to its average volume of 206,505. The firm has a 50 day moving average price of $3,571.22 and a 200 day moving average price of $3,369.43. The firm has a market cap of $116.68 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 1.04 and a beta of 1.40. Booking Holdings Inc. has a 52 week low of $2,456.93 and a 52 week high of $3,918.00.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, topping the consensus estimate of $29.72 by $2.28. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The company had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter last year, the firm earned $24.74 EPS. Booking's revenue for the quarter was up 18.2% compared to the same quarter last year. On average, equities analysts expect that Booking Holdings Inc. will post 175.86 earnings per share for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Thursday, March 7th. Booking's payout ratio is presently 29.67%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BKNG. Royal Bank of Canada raised their price objective on Booking from $3,550.00 to $3,900.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. JMP Securities lifted their price target on Booking from $3,600.00 to $3,950.00 and gave the company a "market outperform" rating in a report on Monday, February 26th. B. Riley began coverage on Booking in a report on Wednesday, April 3rd. They set a "buy" rating and a $4,400.00 price target for the company. Seaport Res Ptn reiterated a "buy" rating on shares of Booking in a report on Tuesday, February 20th. Finally, BMO Capital Markets began coverage on Booking in a report on Tuesday, January 9th. They set an "outperform" rating and a $4,150.00 price target for the company. Seven research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $3,723.41.

Insider Transactions at Booking

In other news, Director Radakovich Lynn Vojvodich sold 22 shares of Booking stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the sale, the director now owns 211 shares of the company's stock, valued at approximately $756,027.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Booking news, insider Paulo Pisano sold 300 shares of the business's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the transaction, the insider now owns 4,233 shares of the company's stock, valued at $14,752,005. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the company's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the transaction, the director now owns 211 shares in the company, valued at approximately $756,027.77. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,461 shares of company stock valued at $18,815,825. 0.15% 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.