Booking Holdings Inc. $BKNG Stock Holdings Lifted by HB Wealth Management LLC

HB Wealth Management LLC increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2,147.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 33,780 shares of the business services provider’s stock after buying an additional 32,277 shares during the period. HB Wealth Management LLC’s holdings in Booking were worth $6,021,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of BKNG. Brighton Jones LLC boosted its stake in Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after acquiring an additional 65 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Booking during the 4th quarter worth approximately $209,000. Sivia Capital Partners LLC lifted its holdings in shares of Booking by 25.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock worth $955,000 after purchasing an additional 33 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in shares of Booking by 50.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 87 shares of the business services provider’s stock worth $504,000 after purchasing an additional 29 shares during the last quarter. Finally, Osterweis Capital Management Inc. acquired a new position in Booking during the 2nd quarter valued at approximately $179,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In related news, Director Robert Mylod, Jr. sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $200.00, for a total value of $200,000.00. Following the completion of the sale, the director owned 14,000 shares of the company’s stock, valued at $2,800,000. This represents a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Wittman sold 375 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $211.00, for a total transaction of $79,125.00. Following the completion of the transaction, the director owned 16,133 shares of the company’s stock, valued at $3,404,063. This represents a 2.27% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 81,550 shares of company stock valued at $16,922,744. 0.17% of the stock is currently owned by insiders.

Booking Price Performance

BKNG opened at $193.29 on Tuesday. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $226.10. The stock has a market cap of $145.23 billion, a P/E ratio of 21.39, a P/E/G ratio of 1.20 and a beta of 1.07. The stock’s 50 day moving average price is $194.53 and its 200 day moving average price is $178.71.

Booking (NASDAQ:BKNG) last announced its earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The firm had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter in the previous year, the business earned $55.40 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities analysts anticipate that Booking Holdings Inc. will post 10.48 EPS for the current year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, September 11th. Booking’s payout ratio is currently 18.58%.

Analyst Ratings Changes

BKNG has been the subject of a number of recent research reports. Robert W. Baird set a $230.00 price objective on Booking in a research note on Wednesday, August 5th. Susquehanna reiterated a “positive” rating and issued a $240.00 target price on shares of Booking in a research note on Thursday, August 6th. DA Davidson set a $240.00 price target on shares of Booking in a report on Thursday, August 6th. Cantor Fitzgerald upped their price target on shares of Booking from $175.00 to $220.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Wedbush increased their price objective on shares of Booking from $211.00 to $247.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $236.70.

Booking Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.