Carolina Wealth Advisors LLC increased its stake in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 42.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196 shares of the business services provider’s stock after acquiring an additional 58 shares during the period. Carolina Wealth Advisors LLC’s holdings in Booking were worth $1,135,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC acquired a new stake in shares of Booking in the first quarter valued at $28,000. Atwood & Palmer Inc. bought a new stake in Booking in the second quarter worth about $29,000. Keystone Global Partners LLC acquired a new stake in Booking in the 1st quarter valued at about $32,000. O Brien Wealth Partners LLC acquired a new stake in Booking in the 2nd quarter valued at about $35,000. Finally, First PREMIER Bank boosted its position in shares of Booking by 100.0% during the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.
Booking Stock Performance
Shares of NASDAQ BKNG opened at $5,418.05 on Friday. The stock has a market cap of $175.60 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 1.56 and a beta of 1.35. The business has a 50 day simple moving average of $5,524.95 and a 200 day simple moving average of $5,302.42. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41.
Booking Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, September 5th. Booking’s dividend payout ratio (DPR) is 26.71%.
Wall Street Analyst Weigh In
BKNG has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b+)” rating on shares of Booking in a research note on Saturday, September 27th. Barclays upped their price target on Booking from $5,700.00 to $6,000.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Susquehanna raised their price objective on Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. Benchmark restated a “buy” rating and issued a $6,200.00 target price (up from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Finally, Wells Fargo & Company upped their target price on Booking from $5,411.00 to $5,418.00 and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5,807.89.
View Our Latest Analysis on BKNG
Insiders Place Their Bets
In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the transaction, the chief executive officer directly owned 23,607 shares of the company’s stock, valued at approximately $130,237,930.44. This trade represents a 4.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total value of $82,500.00. Following the sale, the director directly owned 747 shares of the company’s stock, valued at $4,108,500. The trade was a 1.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,195 shares of company stock valued at $23,467,630 over the last quarter. Insiders own 0.16% of the company’s stock.
Booking Company 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.
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