CreativeOne Wealth LLC Purchases Shares of 148 Booking Holdings Inc. (NASDAQ:BKNG)

CreativeOne Wealth LLC purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the first quarter, HoldingsChannel reports. The institutional investor purchased 148 shares of the business services provider’s stock, valued at approximately $537,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BKNG. Kingswood Wealth Advisors LLC bought a new stake in shares of Booking in the fourth quarter worth $312,000. Procyon Advisors LLC boosted its holdings in shares of Booking by 9.1% during the fourth quarter. Procyon Advisors LLC now owns 253 shares of the business services provider’s stock valued at $896,000 after acquiring an additional 21 shares during the period. Great Lakes Retirement Inc. boosted its holdings in shares of Booking by 3.8% during the fourth quarter. Great Lakes Retirement Inc. now owns 246 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 9 shares during the period. Ritholtz Wealth Management boosted its holdings in shares of Booking by 6.6% during the fourth quarter. Ritholtz Wealth Management now owns 813 shares of the business services provider’s stock valued at $2,884,000 after acquiring an additional 50 shares during the period. Finally, Navalign LLC boosted its holdings in shares of Booking by 5.0% during the fourth quarter. Navalign LLC now owns 337 shares of the business services provider’s stock valued at $1,195,000 after acquiring an additional 16 shares during the period. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Booking from $3,950.00 to $4,025.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Erste Group Bank upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Argus boosted their price objective on Booking from $4,200.00 to $4,342.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Morgan Stanley boosted their price objective on Booking from $3,700.00 to $4,000.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, HSBC boosted their price objective on Booking from $4,220.00 to $4,230.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Seven equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $4,056.31.

Booking Stock Up 1.1 %

Booking stock traded up $39.47 during mid-day trading on Friday, hitting $3,699.35. 95,545 shares of the company were exchanged, compared to its average volume of 248,565. The business has a fifty day moving average of $3,887.79 and a 200 day moving average of $3,683.44. Booking Holdings Inc. has a 1-year low of $2,733.04 and a 1-year high of $4,144.32. The company has a market capitalization of $125.52 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.14 and a beta of 1.38.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.03 by $6.36. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The firm had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same period in the prior year, the company posted $11.60 earnings per share. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. Research analysts expect that Booking Holdings Inc. will post 178.55 earnings per share for the current year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, June 7th. Booking’s payout ratio is presently 26.25%.

Insider Transactions at Booking

In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total value of $75,619.50. Following the transaction, the director now owns 189 shares in the company, valued at $649,640.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total transaction of $75,619.50. Following the sale, the director now owns 189 shares of the company’s stock, valued at $649,640.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Paulo Pisano sold 227 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total value of $812,830.25. Following the sale, the insider now directly owns 4,233 shares in the company, valued at approximately $15,157,314.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 999 shares of company stock worth $3,939,187. Insiders own 0.12% 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.