GPS Wealth Strategies Group LLC Purchases 4 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

GPS Wealth Strategies Group LLC grew its position in Booking Holdings Inc. (NASDAQ:BKNG) by 9.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48 shares of the business services provider’s stock after acquiring an additional 4 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Booking were worth $190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its position in shares of Booking by 4.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 69 shares of the business services provider’s stock worth $245,000 after purchasing an additional 3 shares in the last quarter. Silver Oak Securities Incorporated boosted its position in shares of Booking by 1.9% in the 4th quarter. Silver Oak Securities Incorporated now owns 164 shares of the business services provider’s stock worth $582,000 after purchasing an additional 3 shares in the last quarter. Van Leeuwen & Company LLC boosted its position in shares of Booking by 0.6% in the 4th quarter. Van Leeuwen & Company LLC now owns 487 shares of the business services provider’s stock worth $1,727,000 after purchasing an additional 3 shares in the last quarter. Enterprise Financial Services Corp boosted its position in shares of Booking by 2.8% in the 4th quarter. Enterprise Financial Services Corp now owns 110 shares of the business services provider’s stock worth $390,000 after purchasing an additional 3 shares in the last quarter. Finally, Hilltop Holdings Inc. boosted its position in shares of Booking by 0.8% in the 4th quarter. Hilltop Holdings Inc. now owns 358 shares of the business services provider’s stock worth $1,270,000 after purchasing an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the sale, the chief executive officer now directly owns 24,721 shares in the company, valued at approximately $100,556,375.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.12% of the stock is currently owned by company insiders.

Booking Trading Up 1.4 %

BKNG stock traded up $49.64 during midday trading on Thursday, reaching $3,622.22. The stock had a trading volume of 55,191 shares, compared to its average volume of 259,483. Booking Holdings Inc. has a 52-week low of $2,733.04 and a 52-week high of $4,144.32. The company has a market cap of $122.89 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 1.05 and a beta of 1.38. The company’s fifty day simple moving average is $3,817.57 and its 200 day simple moving average is $3,686.28.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. The firm had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. Booking’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $37.62 earnings per share. Sell-side analysts predict that Booking Holdings Inc. will post 177.09 EPS for the current year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $8.75 dividend. The ex-dividend date is Friday, September 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.97%. Booking’s dividend payout ratio is presently 26.25%.

Analyst Ratings Changes

A number of analysts have recently weighed in on BKNG shares. DA Davidson lowered their price objective on Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Wells Fargo & Company lifted their price target on Booking from $3,497.00 to $3,976.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Evercore ISI cut their price objective on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $3,900.00 price objective on shares of Booking in a research note on Monday, August 5th. Finally, StockNews.com lowered Booking from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Eight research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $4,068.32.

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.