203 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Bought by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the first quarter, HoldingsChannel reports. The fund bought 203 shares of the business services provider’s stock, valued at approximately $737,000.

A number of other hedge funds have also added to or reduced their stakes in BKNG. Naples Money Management LLC bought a new position in shares of Booking in the 4th quarter valued at about $25,000. ICA Group Wealth Management LLC acquired a new stake in Booking in the 4th quarter worth about $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Booking in the 4th quarter worth about $28,000. Bourgeon Capital Management LLC acquired a new stake in Booking in the 4th quarter worth about $28,000. Finally, Arlington Trust Co LLC acquired a new stake in Booking in the 4th quarter worth about $32,000. Institutional investors own 92.42% of the company’s stock.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 227 shares of Booking stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $3,580.75, for a total value of $812,830.25. Following the sale, the insider now owns 4,233 shares in the company, valued at $15,157,314.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the sale, the chief executive officer now 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 is accessible through this link. Also, insider Paulo Pisano sold 227 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the sale, the insider now owns 4,233 shares in the company, valued at approximately $15,157,314.75. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several analyst reports. Wedbush boosted their target price on shares of Booking from $3,850.00 to $4,200.00 and gave the company an “outperform” rating in a research report on Wednesday. JMP Securities reiterated a “market outperform” rating and set a $3,950.00 price objective on shares of Booking in a research report on Monday, May 6th. HSBC upped their price objective on shares of Booking from $4,220.00 to $4,230.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Evercore ISI upped their price objective on shares of Booking from $3,800.00 to $4,500.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Thursday, July 18th. Seven investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $4,069.77.

Booking Stock Down 0.5 %

BKNG traded down $17.06 during trading on Wednesday, hitting $3,703.93. 171,946 shares of the company traded hands, compared to its average volume of 248,627. The stock’s fifty day moving average is $3,885.35 and its 200 day moving average is $3,690.60. Booking Holdings Inc. has a one year low of $2,733.04 and a one year high of $4,144.32. The firm has a market cap of $125.67 billion, a P/E ratio of 27.91, a price-to-earnings-growth ratio of 1.12 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 EPS for the quarter, beating analysts’ consensus estimates of $14.03 by $6.36. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same period last year, the business earned $11.60 earnings per share. Booking’s revenue was up 16.9% compared to the same quarter last year. On average, equities research analysts forecast that Booking Holdings Inc. will post 178.55 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Friday, June 7th. Booking’s dividend payout ratio is 26.25%.

About Booking

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.