Consilio Wealth Advisors LLC Acquires 3 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Consilio Wealth Advisors LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 178 shares of the business services provider’s stock after acquiring an additional 3 shares during the quarter. Consilio Wealth Advisors LLC’s holdings in Booking were worth $647,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. lifted its holdings in Booking by 8.9% during the 3rd quarter. Federated Hermes Inc. now owns 1,244 shares of the business services provider’s stock valued at $3,836,000 after purchasing an additional 102 shares during the last quarter. First Dallas Securities Inc. acquired a new stake in Booking during the 3rd quarter valued at $93,000. Quadrature Capital Ltd lifted its holdings in Booking by 105.6% during the 3rd quarter. Quadrature Capital Ltd now owns 36,526 shares of the business services provider’s stock valued at $112,697,000 after purchasing an additional 18,761 shares during the last quarter. Insigneo Advisory Services LLC lifted its holdings in Booking by 12.0% during the 3rd quarter. Insigneo Advisory Services LLC now owns 121 shares of the business services provider’s stock valued at $373,000 after purchasing an additional 13 shares during the last quarter. Finally, Becker Capital Management Inc. lifted its holdings in Booking by 5.9% during the 3rd quarter. Becker Capital Management Inc. now owns 108 shares of the business services provider’s stock valued at $333,000 after purchasing an additional 6 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the sale, the chief executive officer now owns 26,971 shares in the company, valued at $95,318,211.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the sale, the chief executive officer now owns 26,971 shares in the company, valued at $95,318,211.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the transaction, the director now owns 211 shares of the company’s stock, valued at approximately $756,027.77. The disclosure for this sale can be found here. Insiders sold a total of 1,021 shares of company stock worth $3,617,852 over the last quarter. 0.12% of the stock is currently owned by corporate insiders.

Booking Price Performance

Shares of Booking stock traded down $76.62 during midday trading on Monday, reaching $3,884.88. The company had a trading volume of 231,144 shares, compared to its average volume of 255,453. The stock has a fifty day moving average price of $3,759.73 and a 200 day moving average price of $3,626.59. The firm has a market cap of $131.81 billion, a PE ratio of 29.16, a P/E/G ratio of 1.18 and a beta of 1.38. Booking Holdings Inc. has a fifty-two week low of $2,624.50 and a fifty-two week high of $4,040.00.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.25 billion. During the same period in the previous year, the firm earned $11.60 earnings per share. The company’s revenue was up 16.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 178.54 EPS for the current year.

Booking Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, June 7th. This represents a $35.00 annualized dividend and a dividend yield of 0.90%. Booking’s dividend payout ratio is 26.25%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BKNG. Benchmark reaffirmed a “hold” rating on shares of Booking in a report on Friday, May 3rd. DA Davidson raised their price target on Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Bank of America raised their price target on Booking from $3,900.00 to $3,950.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. StockNews.com cut Booking from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, HSBC raised their price target on Booking from $4,220.00 to $4,230.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Nine investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,902.54.

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.